Feeds

SAP lays down $5.8bn for Sybase

Will integrate mobile platform with all products

Next gen security for virtualised datacentres

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
HP busts out new ProLiant Gen9 servers
Think those are cool? Wait till you get a load of our racks
Like condoms, data now comes in big and HUGE sizes
Linux Foundation lights a fire under storage devs with new conference
Community chest: Storage firms need to pay open-source debts
Samba implementation? Time to get some devs on the job
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
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.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?