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SAP to acquire Sybase, Inc.
Posted on 13-May-2010 11:28 | Tags Filed under: News



SAP and Sybase, Inc. have announced that SAP’s subsidiary, SAP America, Inc., has signed a definitive merger agreement to acquire Sybase, Inc.

The companies say as a result of this transaction customers will be able to better harness today’s explosion of data and deliver information and insight in real time to business consumers wherever they work so they can make faster, more informed decisions.

Under the terms and conditions of the merger agreement, SAP America, Inc. will make an all cash tender offer for all of the outstanding shares of Sybase common stock at $65.00 per share, representing an enterprise value of approximately US$5.8 billion.

The Sybase board of directors has unanimously approved the transaction. The closing of the tender offer is conditioned on the tender of a majority of the outstanding shares of Sybase’s common stock on a fully diluted basis and clearance by the relevant antitrust authorities.

SAP will accelerate the reach of its solutions across mobile platforms and drive forward the realisation of its in-memory computing vision. In addition, Sybase’s mobile platform can connect all applications and data (SAP and non-SAP) and enable them on mobile devices.

SAP, Sybase and their customers will be able to tap into Sybase’s messaging network to reach 4 billion mobile subscribers through 850+ operator relationships worldwide and engage their consumers via alerts, transactions and promotions on their mobile devices.

For Sybase, SAP in-memory technology will provide the opportunity for performance improvements to its analytic processing capabilities. Sybase will also be able to bring its complex event processing and analytics expertise, which was built in the financial sector, to customers in other industries, markets and product areas in which SAP has a complementary, strong presence. Finally, Sybase’s core database business will be enhanced by SAP in-memory technology to deliver integrated transactional and analytical capabilities.

SAP said it will continue to support each organisation’s product road map while enhancing products. It also stated that both companies’ development organisations would remain intact, with the opportunity to cross-collaborate to increase innovation for customers.

Sybase will operate as a standalone unit under the name “Sybase, an SAP Company.” Sybase’s management team will continue to run the business. The SAP Executive Board plans to propose to the Supervisory Board to appoint the Chairman and CEO of Sybase to SAP’s Executive Board.






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