IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

SAP splashes £2.18bn on SuccessFactors

The firm boosts their business software with the inclusion of Human Capital Management.

SAP

SAP has acquired Californian company SuccessFactors in a deal worth $3.4 billion (2.18 billion).

SuccessFactors is known for its Human Capital Management (HCM) software delivered over the cloud, with 15 million users on its books.

It is also the toast of the town with its impressive growth numbers, reporting a 77 per cent year on year rise in revenues during the third quarter this year and a further 59 per cent growth in the first nine months of 2011.

The cloud is a core of SAP's future growth.

SAP already offers much of its software as a cloud service, even trying to make the phrase "business processes as a service or BPaaS" a common term. However, the acquisition will extend its portfolio further with the increasing attraction of cloud HCM.

"The cloud is a core of SAP's future growth and the combination of SuccessFactors' leadership team and technology with SAP will create a cloud powerhouse," said Bill McDermott, co-chief executive (CEO) of SAP.

"Together, SAP and SuccessFactors will create tremendous business value for customers, with potent synergies to accelerate our growth in the cloud."

Just last week, SuccessFactors announced a partnership with Tata Communications to offer HCM in India, showing its appeal in the merging markets, as well as Europe and the US.

"This is a revolutionary combination of proven capabilities that will allow SuccessFactors to accelerate our roadmap by 10 years and bring the world's leading application knowledge and intellectual property to our customers through the cloud, and the largest applications customer base, instantly," said Lars Dalgaard, founder and CEO of SuccessFactors.

Dalgaard will stay with his company following the acquisition, leading the cloud business as a whole at SAP, as well as continuing to run SuccessFactors as an independent firm. He has also been recommended to join the SAP board.

"The business world is ready for enterprise-class cloud applications and together, we can deliver incredible new innovation for global businesses," Dalgaard concluded.

Featured Resources

Big data for finance

How to leverage big data analytics and AI in the finance sector

Free Download

Ten critical factors for cloud analytics success

Cloud-native, intelligent, and automated data management strategies to accelerate time to value and ROI

Free Download

Remove barriers and reconnect with your customers

The $260 billion dollar friction problem businesses don't know they have

Free Download

The future of work is already here. Now’s the time to secure it.

Robust security to protect and enable your business

Free Download

Recommended

IBM offers enhanced SAP cloud migration service
cloud management

IBM offers enhanced SAP cloud migration service

10 Feb 2022
Integration tools and strategies for SAP S/4HANA
Whitepaper

Integration tools and strategies for SAP S/4HANA

7 Feb 2022
AWS wins Adidas contract to host its SAP workloads
Amazon Web Services (AWS)

AWS wins Adidas contract to host its SAP workloads

22 Nov 2021
SAP and Qualtrics debut Concur Experience Optimizer for hybrid workplaces
big data

SAP and Qualtrics debut Concur Experience Optimizer for hybrid workplaces

28 Oct 2021

Most Popular

How to secure your hybrid workforce
Advertisement Feature

How to secure your hybrid workforce

23 Sep 2022
The human brain is far more complex than AI researchers imagine
artificial intelligence (AI)

The human brain is far more complex than AI researchers imagine

17 Sep 2022
The cryptocurrency implosion shows we’re heading for the end
cryptocurrencies

The cryptocurrency implosion shows we’re heading for the end

29 Sep 2022