Five Minute Briefing - Information Management
May 13, 2010
Five Minute Briefing - Information Management: May 13, 2010. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
SAP and Sybase, Inc. announced Wednesday afternoon that SAP's subsidiary, SAP America, Inc., has signed a definitive merger agreement to acquire Sybase for approximately $5.8 billion, in a transaction that will bring the companies together to enable customers to become better-run "unwired enterprises." The transaction is expected to close in July 2010, and Sybase will be run as a standalone company. "This is a strategic moment for SAP, for Sybase, our customers, and the IT industry," said Bill McDermott, co-CEO of SAP and a member of the SAP executive board, in a conference call for analyst and the press. "This acquisition is about accelerating growth for both businesses. This transaction is fully aligned with our strategic objectives to significantly expand our addressable market, opening up new opportunities in mobility, in-memory computing, and analytics."