Science News Headlines | Latest Science News Articles – Yahoo! India News: SAP splashes out in cloud-computing frenzy

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SAP splashes out in cloud-computing frenzy Dec 5th 2011, 14:41 FRANKFURT (Reuters) - SAP's $3.4 billion takeover of SuccessFactors will help it keep up with peers in the frenzied race for cloud-computing business, even if the price it paid is very high at first glance, analysts said on Monday. "We believe SuccessFactors could be a very good strategic fit for SAP in the cloud sector and we prefer the decision to grow externally in this booming area," DZ Bank analyst Oliver Finger said. SAP said on Saturday it was buying U.S. web-based services company SuccessFactors for an agreed $40 per share, a 52 percent premium. ...

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