SAP to acquire SWISS CO SAF for $100 million

New Delhi
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Global IT firm SAP today said it was looking to acquire Switzerland-based software developer SAF AG for around $100 million.

“We are in the process of acquiring SAF AG. We are in talks and have gone for public bidding. The size of the acquisition is around $100 million,” SAP Indian Subcontinent Managing Director Ranjan Das said here on the sidelines of an event. Das, however, declined to give further details and the time-frame by which the acquisition would take place.

SAF is a Swiss forecasting and replenishment software developer in the field of retail and wholesale industries. The company today launched a software, SAP BusinessObject Explorer, here and said the Indian retail sector had a lot of potential considering its size and opportunities.

“Now the retail sector has extended beyond the traditional stores. It is more organised and companies are coming forward for a better way of management and supply chain organisation. This is where our solutions can help,” SAP Asia Pacific Japan vice-president (Service Industries, Industries and Solutions Group) Sandeep Shirodkar said.

Talking about its new product, the company said the new software would help them go beyond just being a Business Intelligence provider. The software will also help organisations take decisions at the managerial level as well.