SAP gains $35 mln Postal Service deal
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LOS ANGELES (CBS.MW) -- SAP won a multi-year deal to provide technology to overhaul the US Postal Service&#39;s human-resources system, the German corporate software giant said Monday.
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OWEGO, United States : A group of technology and telecommunications heavyweights led by Lockheed Martin Corp has won a potential three billion dollar contract from the US Postal Service to revamp its vast data communication networks, Lockheed Martin said.
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SAP America Inc. won a $35 million contract to replace the US Postal Service&#39;s 25-year-old human resources software. The contract covers $14 million in license and maintenance fees for the MySAP Business Suite
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If the proposed merger of the regulatory operations of NASD and the New York Stock Exchange is completed, every NASD members will receive a $35,000 payment.
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Platinum Equity is buying Covad Communications for about $304 million.
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SAP is buying a small Indian software company to help beef up the business process management capabilities in its NetWeaver applications platform.It is purchasing Yasu Technologies, a maker of business rules management software, which helps ensure that business processes automated through software are in compliance with a company&#39;s rules and regulations.SAP characterized the deal, announced at its Tech Ed conference in Munich, Germany, on Wednesday, as a &quot;fill in&quot; acquisition that would bridge a gap in its technologies. The deal is due to close this month and financial terms were not disclosed.Several vendors, including SAP, are providing software tools that allow companies to automate common business processes, such as issuing a purchase order or checking inventory levels, with the goal of making them more efficient.But SAP does not yet offer tools for managing these processes, and buying Yasu will help it to add such BPM (business process management) capabilities to NetWeaver.SAP will begin pilot tests of its first BPM product, code-named Galaxy, in the first quarter of next year. The technology acquired from Yasu will be integrated with Galaxy around the middle of next year, said Klaus Kreplin, SAP&#39;s head of NetWeaver technology.Yasu&#39;s software helps companies to enforce the rules that their business processes must abide by. If a company automates a project approval process, for example, Yasu will send projects under a certain budget to a midlevel manager for approval, and more costly projects to a senior manager.&quot;The nice thing is, you can define rules and make them available as a service that can be integrated with other applications,&quot; Kreplin said.Yasu was founded in 1999 and has about 120 employees. Customers include the automaker BMW, according to its Web site.BPM is one of several areas SAP is entering to compete better with its main applications rival, Oracle. SAP will also offer software for building composite applications, called the NetWeaver Composition Environment, and developing hosted applications for smaller companies, called SAP Business ByDesign.The Galaxy software will be integrated with NetWeaver Composition Environment next year. Eventually that, in turn, will be offered as a part of Business ByDesign, Kreplin said, although he wouldn&#39;t say when.Last week SAP said it would&#160;buy business intelligence vendor Business Objects&#160;for S$6.8 billion. A few days later&#160;Oracle offered to buy BEA Systems, whose software competes with SAP&#39;s NetWeaver, for $6.7 billion, but BEA called the offer too low.SAP CEO Henning Kagermann told the Financial Times of London over the weekend that SAP won&#39;t enter a bidding war for BEA, and that its strategy is still to grow its two core businesses -- applications and middleware -- organically.But he wouldn&#39;t rule out further big acquisitions in areas where SAP is not already strong. &quot;We are categorically not excluding further big acquisitions,&quot; Kagermann said, according to the Financial Times.The company also continues to snap up smaller companies. SAP has bought more than a dozen vendors in the past three years, according to IDC, including five in 2005, three in 2006, and six so far in 2007, including Yasu and Business Objects. That compares to more than 30 acquisitions for Oracle, a few of which were much larger deals.
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Yahoo Inc. said Monday it would buy e-mail software maker Zimbra Inc. for about $350 million.
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Purchase of Pilot Software part of SAP's ongoing strategy to expand product line via acquisitions.
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Germany's SAP, the world's largest maker of business-management software, reported Thursday a third-quarter rise in revenue and net income, boosted by strong sales in the Europe, Middle East and Africa (EMEA) region and continued growth in the U.S.
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Intuit Inc.  said on Thursday  it will buy Digital Insight Corp.  for $1.35 billion, a  move that expands the maker of the popular TurboTax and Quicken  financial software into online banking services.
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Lockheed Martin of Bethesda has won a four-year, $33 million contract to upgrade an Internal Revenue Service program that helps professional tax preparers and others conduct business with the agency over the Internet.
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Platinum Equity will acquire Covad Communications for about $304 million, making the communications services company the latest technology company to sell to a private equity firm.
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Sprint has agreed to buy mobile telephone company Nextel Communications in a deal worth $35.17 billion, combining the No. 3 and No. 5 U.S. wireless carriers and creating a new company with about 40 million customers.
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FRANKFURT/BOSTON  - SAP AG  will unveil  on Wednesday a line of business management programs to be  delivered over the Web, becoming the first major software  company to make a big bet on software as a service.
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Beating analysts&#39; expectations and citing strong performance worldwide, SAP released preliminary fourth-quarter financial results on Monday, showing revenue will be about &#8364;3.25 billion ($4.8 billion), a rise of 10 percent compared to the same period last year.Fourth-quarter software and software-related services revenue will be about &#8364;2.48 billion, an increase of about 13 percent year-over-year, according to SAP.Total revenue for 2007 is expected to grow roughly 9 percent to &#8364;10.26 billion. Full-year 2007 software and software-related service revenue is expected to be about &#8364;7.44 billion, a jump of around 13 percent over 2006.Analysts polled by Thomson First Call had predicted on average that total fourth-quarter revenue would come in at $4.7 billion.Exchange rates took a toll on SAP&#39;s results, for as the dollar weakens against the euro, SAP&#39;s U.S. sales are worth less. At constant currency rates, fourth-quarter software and software-related services revenue growth will be about 17 percent year-over-year and total revenue growth will be 13 percent compared to 2006, SAP said.SAP&#39;s results were driven by performance across all regions, but the company showed particular strength in the Asia-Pacific-Japan market, it said. Fourth-quarter software and software-related service revenue rose about 27 percent there to &#8364;.30 billion and is expected to stand at about &#8364;.96 billion for the year, a rise of about 19 percent.SAP estimated fourth-quarter software and software-related service revenue in the EMEA region will be about &#8364;1.40 billion, a jump of roughly 13 percent and &#8364;3.98 billion for the year, which is also about a 13 percent rise.Growth was slower in the Americas, where software and software-related service revenue rose 7 percent in the fourth quarter to &#8364;.78 billion and is expected to be roughly &#8364;2.5 billion for the year overall, a year-to-year increase of 9 percent, according to SAP.However, SAP expects its operating margin to fall slightly for 2007, to 26.5 percent, compared to 27.3 percent in 2006. It attributed the decline to investments made in its Business ByDesign ERP suite targeted at the mid-market.SAP plans to provide more details on its 2007 earnings on Jan. 30.
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The world's leading provider of business software, SAP, said Wednesday it expected sustained growth this year following a 3.0-percent rise in net profit in 2007.
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Business software maker SAP AG said Thursday that its second-quarter profit grew 8 percent, citing market share gains and strong sales growth in all three major markets &#151; Europe, Asia and the United States.