UPDATED 12:16 EDT / AUGUST 06 2013

SAP Completes Acquisition of Cloud Ecommerce Specialist Hybris

SAP has finally completed the acquisition of hybris, a Switzerland-based provider of cross-platform commerce and transaction management solutions. Terms of the deal, which was originally announced in June, were not disclosed.

“SAP and hybris will deliver the next-generation customer experience for businesses and consumers in a world where digital and physical converge seamlessly,” said Bill McDermott and Jim Hagemann Snabe, the co-CEOs of SAP, in a statement. “With the addition of the hybris commerce platform, we intend to help enterprises achieve unprecedented intimacy with customers in real time and across all devices, delivery channels and touchpoints.”

General Electric, Thomson Reuters, H&M and Ericsson are among the more than 500 enterprises that leverage hybris’ software to handle purchases. SAP intends to marry the company’s technology with its cloud, mobile and Big Data portfolio to deliver real-time transaction management capabilities across a wide range of mediums, “whether in person or via devices, and without regard to channel or location.”

The German BI giant announced that it has completed the buyout on the heels of Cisco’s acquisition of Sourcefire for $2.7 billion in cash. The cybersecurity firm offers a wide range of hardware and software solutions, including network protection appliances and cloud-based intrusion detection.

Cisco picked up Sourcefire shortly after VMware revealed that it sold Zimbra, a provider of email and collaboration solutions it bought from Yahoo in 2010, to Telligent. The social enterprise vendor intends to merge with Zimbra to “enable customers to maximize productivity, innovation and customer experience.” The combined company will raise funding from Intel Ventures, NXT Capital Venture Finance and other prominent investors to realize its vision of “true unified collaboration.” Telligent chief exec Patrick Brandt defines this term as the combination of traditional document sharing technologies and social networking.


A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU