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SAP to acquire Satish Madhira cofounded YASU Technologies
By siliconindia
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Wednesday, 17 October 2007, 19:30 IST
Munich: Recognizing the increasing importance of the new breed of professionals who help companies create and manage business processes, SAP AG has announced the intent to acquire YASU Technologies, a privately held leader in business rules management systems. SAP will embed YASU Technologies solutions into its market-leading technology platform, SAP NetWeaver, to provide the business rules infrastructure that allows companies to move their strategies forward and better maintain compliance while saving time, resources and money.
Extending its footprint in the business process management (BPM) market, SAP will use technology from YASU Technologies to enable SAP customers to consistently apply business rules to their business processes across heterogeneous computing environments. Empowered with the ability to centrally manage and monitor how business rules are maintained throughout the organization, SAP customers will be able to more easily comply with regulatory policies and better manage their business performance.
Klaus Kreplin, Corporate Officer and member of the Executive Council, Head of SAP NetWeaver Technology, SAP AG, said, "This acquisition gives our customers the solutions they need to be more agile, accountable and responsive to quickly changing business conditions. We welcome the YASU Technologies team to SAP and look forward to adding these important capabilities to SAP NetWeaver."
Incorporated in 1999 with locations in Hyderabad, India and the United States, and with 120 employees, YASU Technologies has delivered its business rules management systems to customers across diverse industry sectors including insurance, banking, mortgage, telecommunication and manufacturing. A visionary in business rules management systems, YASU Technologies brings market-leading capabilities and expertise to SAP. Solutions from YASU Technologies enable customers to centrally manage and monitor how business decision logic is formulated and maintained throughout their enterprise applications in a cost-effective manner.
"Business process experts realize that business rules management systems are critical to helping IT translate business sense into business applications," said Satish Madhira, CEO, YASU Technologies. "Our solutions are known for providing customers with high levels of automation and agility in their business. We are excited that the extended SAP ecosystem of developers, business process experts, customers and partners will be able to use our technology to lower costs, enhance compliance practices and optimize their performance." The acquisition is expected to close in October 2007.