Processing .....please wait.. 
The article has been forwarded.... 
News >> Enterprise >>
SAP to acquire SAF for $100 Million
By siliconindia
|
3 Comments
Bangalore: IT firm SAP is likely to acquire Switzerland-based software developer SAF AG for around $100 million. Ranjan Das, Managing Director, SAP Indian Subcontinent said, "We are in the process of acquiring SAF AG. We are currently in talks and have gone for public bidding. The size of the acquisition is around $100 million." The company declined to give any details on the time-frame.
SAF is a Swiss forecasting and replenishment software developer in the field of retail and wholesale industries. The company has launched a new product, 'SAP Business Object Explorer'. Talking about its new product, the company said that the new software would help them go beyond just being a business intelligence provider.
Sandeep Shirodkar, Vice President (Service Industries, Industries and Solutions Group), SAP Asia Pacific and Japan said, "Now the retail sector has extended beyond the traditional stores. It is more organized and companies are coming forward for a better way of management and supply chain organization. This is where our solutions can help."