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SAP to acquire SAF for $100 mn

SAP to acquire SAF for $100 mn
PTI
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First Published: Thu, Jul 23 2009. 04 50 PM IST
Updated: Thu, Jul 23 2009. 04 50 PM IST
New Delhi: Global IT firm SAP on Thursday said it is looking to acquire Switzerland-based software developer SAF AG for around $100 million.
“We are in the process of acquiring SAF AG. We are currently in talks and have gone for public bidding. The size of the acquisition is around $100 million,” said SAP Indian Subcontinent managing director Ranjan Das.
Das, however, declined to give further details and the time-frame by which the acquisition will take place.
SAF is a Swiss forecasting and replenishment software developer in the field of retail and wholesale industries.
The company on Thursday launched a software SAP BusinessObject Explorer.
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First Published: Thu, Jul 23 2009. 04 50 PM IST