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.