EMC Corp. said Tuesday it has agreed to buy Virtustream for $1.2 billion. The boards of both EMC and Virtustream have approved the deal. Washington D.C.-based Virtustream provides cloud software and services to enterprise customers. Virtustream has raised funding from investors including SAP, Intel Capital, Noro-Moseley Partners, TDFunds, Columbia Capital and Blue Lagoon Capital.Continue
German software company SAP‘s chief executive once again ruled out any move to acquire Salesforce.com, then went further by saying that its richly valued rival is unlikely to be acquired by any other player in the industry, Reuters News reported.Continue
Enterworks, a portfolio company of Black Dragon Capital LLC, has named Rick Chavie as CEO. Previously, Chavie was senior vice president of global solution management at hybris and SAP’s customer engagement and commerce group. Based in Sterling, Virginia, Enterworks is a provider of software solutions that help customers to manage and communicate their brand and product information across various sales channels.Continue
German business software company SAP (SAPG.DE) said on Friday it is not considering acquiring online rival Salesforce.com Inc (CRM.N), after a news report suggested the leaders of the two companies had held talks about strategic alliances last year, Reuters News reported.Continue
Adams Street Partners has led a $25.5 million Series C funding round in Visier, a platform that provides workforce analytics and planning solutions in the cloud. Existing investors Foundation Capital and Summit Partners participated in the funding round. The majority of the capital, $24 million, was sourced from investors, while $1.5 million came from friends and family. Visier also recently announced the appointment of Adam Binnie, previously senior vice president, emerging products at SAP, as head of new markets and innovation.Continue
P2 Energy Solutions, a portfolio company of Advent International, has named Léo Apotheker to its board of directors. Apotheker is the current chairman of KMD AS and a former co-CEO of SAP. P2 is a provider of software, geospatial data and land management solutions for the upstream oil and gas sector.Continue
Develop the right product at the right time for the right market and, when you [...]Continue
After less than two years, Welsh, Carson, Anderson & Stowe is looking to exit Triple [...]Continue
Want to best understand the big data opportunities within reach of your portfolio companies? Then ask some of the world’s biggest enterprises about their most pressing needs. This was my goal in attending this year’s Sierra Ventures CIO Summit.Continue
Germany’s SAP will pay $3.4 billion in cash to buy Web-based software company SuccessFactors, in a deal that helps the company compete in the realm of cloud computing, Reuters reported. SAP is paying $40 per share for SuccessFactors, a premium of 52% over both its Friday closing price and the one-month volume-weighted average price, Reuters wrote. SuccessFactors went public four years ago, and makes makes human resources software.Continue
Flash Crash: We just had a hearing yesterday; yet another panel is coming. This crash is the best thing to happen for bureaucracy since the Kremlin.
The Fed: Its superpowers remain intact; it will continue to oversee small banks.
SAP: It’s buying Sybase for $5.25 billion. Like so much in life, the deal is really about Oracle.Continue
SAP AG (NYSE: SAP) has agreed to acquire TechniData AG, a German provider of end-to-end solutions for the environment, health and safety sectors. No financial terms were disclosed. Technidata raised funding in 1999 from Dresdner Kleinwort Capital. PRESS RELEASE Continuing its focus on providing market-leading sustainability solutions to customers worldwide, SAP AG (NYSE: SAP) today announced […]Continue
NEW YORK (Reuters) – Germany’s SAP (SAPG.DE) bought privately held Clear Standards, a small maker of software that helps businesses manage greenhouse gas emissions, SAP Co-Chief Executive Leo Apotheker said on Monday. He did not discuss financial terms of the acquisition, which he disclosed at a press conference in New York. Sterling, Virginia-based Clear Standards […]Continue
Coghead Inc., a Mountain View, Calif.-based provider of a Web-based application creation and delivery platform, has ceased operations and sold its intellectual property to SAP. The company had raised around $12 million in VC funding from American Capital Strategies, El Dorado Ventures and SAP Ventures. www.coghead.comContinue