SAP to join tech sector M&A boom


SAP to join tech sector M&A boom

Warwick Ashford

Technology sector mergers and acquisitions are expected to gain momentum after a 26% year-on-year global increase in the first three months of 2010.

SAP is likely to join other industry heavyweights such as Google, CA, IBM and Oracle, which have all announced at least three acquisitions in the first quarter of 2010.

The enterprise software firm is looking for acquisitions to enable plans to incorporate new technologies to enable growth, according to the Financial Times.

SAP is looking for deals similar to the company's $6.1bn acquisition of Business Objects in 2008 to add business intelligence technology to its products, according to Jim Hagemann Snabe, SAP's joint chief executive.

Snabe said speed of innovation is a priority for SAP to help meet its goal of being the top supplier of enterprise software on premises, on-demand and on device within five years.

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