[Reuters] SAP splashes out in cloud-computing frenzy

Posted by: UGN Security

[Reuters] SAP splashes out in cloud-computing frenzy - 12/05/11 01:39 PM

FRANKFURT (Reuters) - SAP's $3.4 billion takeover of SuccessFactors will help it keep up with peers in the frenzied race for cloud-computing business, even if the price it paid is very high at first glance, analysts said on Monday.