The Hindu Business Line : SAP to acquire Swiss co for $100 m

“We are in the process of acquiring SAF AG. We are currently in talks and have gone for public bidding. The size of the acquisition is around $100 million,” SAP Indian Subcontinent Managing Director Mr Ranjan Das said here on the sidelines of an event.

Mr Das, however, declined to give further details and the time-frame by which the acquisition will take place. SAF is a Swiss forecasting and replenishment software developer in the field of retail and wholesale industries.

The company today launched a software - SAP BusinessObject Explorer - here and said the Indian retail sector has a lot of potential considering its size and opportunities. “Now the retail sector has extended beyond the traditional stores. It is more orga nised and companies are coming forward for a better way of management and supply chain organisation. This is where our solutions can help,” SAP Asia Pacific Japan Vice-President (Service Industries, Industries and Solutions Group) Mr Sandeep Shirodkar sa id.

Talking about its new product, the company said the new software will help them go beyond just being a Business Intelligence provider. The software will also help organisations take decisions at the managerial level as well.

“SAP BusinessObject Explorer can handle large amount of data. It will address the needs of better governance and transparency,” Mr Das said. - PTI

Prev: First GoM meet on 3G on July 31

Business Line | NUS Index |

Copyright copy; 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line