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SAP buying SuccessFactors for $3.4 billion

By Elizabeth Heichler
December 3, 2011 01:27 PM ET

IDG News Service - SAP America is paying US$3.4 billion for SuccessFactors, a provider of cloud-based human capital management. Lars Dalgaard, founder and CEO of SuccessFactors, will join SAP to lead its cloud business, while continuing to head SuccessFactors, which will be run as an independent company.

(More to come.)

Reprinted with permission from IDG.net. Story copyright 2014 International Data Group. All rights reserved.
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