VARINDIA IT MAGAZINE

Manthan has brought ease of adoption, scale and high performance to its customers with its continued focus on innovative cloud technologies. Leveraging AWS, Manthan has evolved a comprehensive cloud strategy that includes optimized data warehouses, enhanced data management and algorithms, real-time analytics and enhanced data security... Read more

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE SAP AG and SuccessFactors have announced that SAP's subsidiary, SAP America, has entered into a definitive merger agreement with SuccessFactors. The acquisition will add SuccessFactors' widely respected team and technology to SAP's powerful cloud assets, significantly accelerating SAP's momentum as a provider of cloud applications, platforms and infrastructure. The combination of SAP and SuccessFactors will establish an advanced end-to-end offering of cloud and on-premise solutions for managing all relevant business processes. The SuccessFactors board of directors has unanimously approved the transaction. The per share purchase price represents a 52% premium both over the December 2nd closing price and the one month volume weighted average price per share. The transaction will be funded from SAP's cash on hand and a 1 billion Euro term loan facility. The closing of the tender offer is conditioned on SuccessFactors stock...