SAP to acquire 100% stake in Syclo
Apr 12, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
SAP AG, a German business software solutions provider, is planning to acquire 100% stake in Syclo, LLC, a US-based developer of enterprise mobile applications and technologies.
Upon completion, Syclo applications will be integrated with the SAP mobile platform and SAP Afaria for mobile device management and security. Syclo's solutions will become part of the SAP mobile solution portfolio.
The transaction is expected to close in the second quarter of 2012.
Deal Type Acquisition
Sub-Category 100% Acquisition
Deal Status Announced: 2012-04-10
Target (Company) Syclo, LLC
Acquirer (Company) SAP AG
The acquisition will allow SAP to drive innovation in mobile solutions for businesses of all sizes, and is in line with SAP's strategy to drive growth and innovation in core applications, analytics, enterprise mobility, cloud and database and technology.
The combination of Syclo will also allow SAP to strengthen its position as a solution provider in the industry with mobile enterprise applications integrated with a business suite.
The addition of Syclo's expertise in building and selling mobile solutions in industries such as utilities, oil and gas, life sciences and manufacturing will enhance SAP mobile solutions. It will also accelerate the adoption and deployment of new mobile asset management and field service solutions on Sybase Unwired Platform, part of the SAP mobile platform and SAP's infrastructure for developing and managing mobile apps.
The infusion of expertise from both Syclo and its partner network to the open SAP ecosystem will increase opportunities for co-innovation, creating new solutions for customers and opportunities for partners in markets around the world.
It will also allow both the companies to provide a fully-integrated mobile platform and enterprise application portfolio.
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