SAP is
acquiring the assets of
cloud computing start-up
Coghead, although the
services that Coghead supplies are being terminated in April.
Coghead customers include the University of Southern California
Marshall School of Business, insurance company Colonial Group
International and Taiwan-based freight forwarding company Morrison
Express.
Coghead competitors they can turn to include Caspio, TrackVia
and Intuit QuickBase.
The service termination was issued to customers by Coghead
before SAP's acquisition of the assets was announced. SAP was
already an investor in Coghead, which had been looking for a buyer
since the beginning of the year after being hit by the economic
downturn.
Coghead provided an online application development platform. The
Coghead service currently runs on Amazon Web Services. Coghead
allowed customers to develop and host database applications online
via a drag-and-drop interface.
SAP has bought Coghead's intellectual property and hired its
engineering team. For now, SAP will only use Coghead as an internal
tool.
Coghead says customers should stop development on its platform
and download their data, as SAP has ceased technical support. They
will now have to find another platform as well as having to rewrite
their apps.