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News >> Technology >>
SAP plans to buy Indian company
By agencies
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Tuesday, 22 November 2005, 20:30 IST
NEW DELHI: In order to expand its operations and to compete better in an increasingly consolidated market, SAP is planning to acquire a specialized IT company in India. If successful, it will be SAPs first acquisition in India. The German enterprise resource planning (ERP) software major had acquired small IT firms across the globe to get access to newer markets or new competencies.
The proposed acquisition in India is a part of SAPs strategy to maintain its leadership of the global ERP business, as Oracle gobbles up its competitors at a rapid pace, the latest being Bangalore based i-flex, a provider of core banking solutions.
Announcing this, President and Managing Director of SAP India and South Asia, Alan Sedhgi said, As a matter of policy we acquire small specialized software companies to fill-in gaps in our current portfolio of products or to enable us to improve our services to our clients.
Refusing to share further details of the proposed acquisition in India, he said, Its still too early to talk anything about our acquisition plans for India. India is already one of the top three markets for SAP in Asia Pacific. In companys total revenue, India grew by over 50 percent during the first 10 months of 05, making it one of fastest growing markets in Asia Pacific.
Early this year, SAP acquired TomorrowNow (TN), a third-party provider of software maintenance and support for PeopleSoft and J D Edwards (JDE) applications, both of which are now owned by Oracle. The company is using its latest acquisition to take Oracle head-on in the enterprise software and solutions market.