[Reuters] SAP splashes out in cloud-computing frenzy

Posted by: UGN Security

[Reuters] SAP splashes out in cloud-computing frenzy - 12/05/11 11:27 AM

FRANKFURT/NEW YORK (Reuters) - SAP AG'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 paid is very high at first glance, analysts said on Monday.