Developer of business software and solutions SAP has signed an agreement to acquire mobile software company Sybase for roughly $US5.8 billion.
SAP co-CEO, Jim Hagemann Snabe, said the merging of SAP and Sybase would provide their customers with the opportunity to give business consumers access to their software on mobile devices.
“Mobile devices are becoming the preferred interaction point with business applications, whether the use is a factory supervisor, a retail manager or an entrepreneur in a developing nation,” Snabe said in a statement.
He added the merger would “remove the decade-old barrier between business applications and business intelligence”.
SAP will combine its business solutions software with Sybase’s mobile software solutions to manage and analyse information for mobile device use. Sybase’s existing messaging network will also keep customers engaged through alerts and transactions.
Under the merger, Sybase will remain a standalone company and will be known as “Sybase, an SAP Company”.
SAP America made a tender offer for Sybases’s remaining shares at $65.00 per share.
The transaction is expected to close during the third quarter of 2010.