SAP plans to increase its total revenue to at least €22 billion (US$30 billion), with revenue from its cloud business expected to grow up to €3.5 billion by 2017.
SAP's business is gradually shifting to the SaaS (software as a service) model while sales of its Hana in-memory database platform continue to grow quickly, according to preliminary fourth-quarter and year-end results the company released Friday.
Microsoft is rounding out its Dynamics CRM (customer relationship management) product by acquiring Parature, maker of cloud-based software companies can use to create self-service portals for customers.
While the bulk of enterprise software is still deployed on-premises, SaaS (software as a service) continues to undergo rapid growth. Gartner has said the total market will top $22 billion through 2015, up from more than $14 billion in 2012.
Oracle is set to acquire business-to-consumer marketing software vendor Responsys for US$1.5 billion in a bid to flesh out its own capabilities as well as strike back at rivals such as Salesforce.com and Microsoft.
Building products manufacturer Quanex has stopped the rollout of an SAP ERP (enterprise resource planning) implementation, but due to a shift in corporate strategy rather than major problems with the software.
The head of SAP has been appointed to a top European Union group tasked with coming up with new ways to tax the digital economy it was announced on Thursday.
Avon Products has halted the rollout of a global SAP implementation, with the cosmetics maker saying in a regulatory filing that a pilot program in Canada caused "significant business disruption in that market, and did not show a clear return on inve...
Oracle has launched the fifth version of its Exadata database appliance, claiming the release provides in many areas double the performance of previous-generation machines.
SAP has made a series of announcements aimed at bringing more software developers into its fold, making their jobs easier and bolstering the reach of its HANA in-memory computing platform.
Trends come and go in the technology industry but some things, such as IT system failures, bloom eternal.
It's been another busy year in the enterprise software industry, marked by high-profile acquisitions and IPOs, the rise of in-memory computing, a red-hot HCM (human capital management) market, and even the apparent settling of a long-running Silicon ...
SAP has been slapped with a lawsuit by California's state controller over a payroll software implementation the office says cost taxpayers a vast sum of money, but has never worked correctly.
A recently discovered malicious program steals log-in passwords and other sensitive information from SAP client applications and allows cybercriminals to access SAP servers from infected workstations.
Red Hat is cutting prices on the commercial version of its OpenShift Online PaaS (platform as a service) and making it available in more European countries, moves aimed at gaining a stronger foothold in one of the enterprise software industry's hotte...
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