Feeds

SAP lays down $5.8bn for Sybase

Will integrate mobile platform with all products

Mobile application security vulnerability report

German giant SAP has bought Sybase for $5.8bn - a big premium for the database and mobile firm.

The deal gives Sybase shareholders $65 per share - 44 per cent more than the shares have been worth, on average, over the last three months.

SAP is using its own cash and a $2.75bn loan from Deutsche Bank and Barclays Capital to pay for the purchase.

The takeover has been approved by both boards of directors but will need to get the go-ahead from regulators too.

SAP said one of the motivations for the deal was to improve its mobile offering. It will use Sybase's mobile platform to enable all SAP software to be accessed on mobile phones - you'll be running your datacentre from your iPhone - but you can actually already do that.

In return Sybase gets access to SAP's "in-memory technology" which should improve analytics. It will also get SAP's event processing and analytics, used by the financial sector, to sell into other markets.

Bill McDermott, co-CEO of SAP, said the deal would combine his company's enterprise software with "the world’s most powerful mobile infrastructure platform". This would give customers constant mobile access to their enterprise applications.

SAP promised to continue support for both firms' road maps and maintain both sets of research and development staff.

Sybase will keep its brand and separate identity. Company founder John Chen remains in place and gets a seat on SAP's executive board.

The partnership could prove a real competitor for Oracle, which is still busy digesting its purchase of Sun.

The full release is here. ®

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
FLAPE – the next BIG THING in storage
Find cold data with flash, transmit it from tape
Seagate chances ARM with NAS boxes for the SOHO crowd
There's an Atom-powered offering, too
Gartner: To the right, to the right – biz sync firms who've won in a box to the right...
Magic quadrant: Top marks for, er, completeness of vision, EMC
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.