SAP has closed the acquisition and taken over of the loss-making software company Callidus earlier than expected. Callidus was acquired on 30 January for a total of US$2.4bn and the deal was closed 66 days later. The business of Callidus will be integrated into the cloud business. Unfortunately, SAP will not be able to consolidate Callidus in the first quarter. At first glance, this is good news. Management is able to integrate the company in the fast lane, however, Callidus has already coope

06 Apr 2018
Be prepared!

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Be prepared!
SAP SE (SAP:WBO) | 0 0 0.2% | Mkt Cap: 103,244m
- Published:
06 Apr 2018 -
Author:
Heinz Steffen -
Pages:
2 -
SAP has closed the acquisition and taken over of the loss-making software company Callidus earlier than expected. Callidus was acquired on 30 January for a total of US$2.4bn and the deal was closed 66 days later. The business of Callidus will be integrated into the cloud business. Unfortunately, SAP will not be able to consolidate Callidus in the first quarter. At first glance, this is good news. Management is able to integrate the company in the fast lane, however, Callidus has already coope