On Wednesday, SAP and Sybase publicly announced that SAP had signed an agreement to acquire Sybase for $5.8 Billion and SAP’s Co-CEO Bill McDermott participated in an exclusive phone interview with Bloomberg TV to talk about SAP’s key reasons for the acquisition which include:
- Synergies between SAP and Sybase technologies will translate into exceptional value for customers. Companies will be able to connect workers to the applications, functionality and information they need to perform their jobs anywhere, using nearly any device.
- Synergies between SAP and Sybase will benefit both companies. SAP will be able to accelerate the reach of its solutions across mobile platforms and more quickly realize its in-memory vision.
- Sybase will be able to use SAP’s in-memory technology to improve its analytic processing capabilities performance, while extending its experience to areas in which SAP has a strong presence.
- SAP will also look to enhance Sybase’s strong set of database products with SAP in-memory technology to deliver integrated transactional and analytical capabilities. This will not only result in enhanced support for Sybase customers but also spur innovation in the database market. SAP remains committed to their agnostic approach in supporting leading database vendors.
- SAP has demonstrated with the acquisition of Business Objects that it can acquire and successfully integrate an acquisition. This is an acquisition of innovation that will spur both organizations’ growth.
- This strategic move sparks new energy and new ways of thinking for SAP and Sybase employees. While Sybase will remain an independent business unit, collaboration between the development organizations will naturally lead to new value for customers and partners.
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