8 ms·
In 2011 SAP bought Successfactors, for 3.4bn. The "maven" CEO, Lars Dalgaard, was gone in 2013, did a short stint at a16z and runs his own VC firm. SAP took 8b
by shadowtree 8y ago
In 2011 SAP bought Successfactors, for 3.4bn. The "maven" CEO, Lars Dalgaard, was gone in 2013, did a short stint at a16z and runs his own VC firm.
SAP took 8bn to buy more cloud business, which is less money it will take to move ERP customers from on-prem to cloud.
As MSFT is raking in cloud revenue, every other enterprise player is nervous about looking outdated. ORA stopped reporting cloud numbers altogether.
For comparison, ORA bought NetSuite for 9.3bn USD in 2016. Since then they have told NetSuite customers their user licenses prices will be raised by 5%, every year, for the next 5 years.
Expect Qualtrics to pull similar stunts.
- mbesto 8y agoI am VERY critical of SAP. > In 2011 SAP bought Successfactors, for 3.4bn. And their stock price has more than doubled. What's your point?
- jaxtellerSoA 8y ago>As MSFT is raking in cloud revenue, every other enterprise player is nervous about looking outdated. Too late, SAP looked outdated back in early 00's. I don't get why anyone still uses SAP, it performs like crap, is way, way, way more complex than needs to be, and costs a fortune.
- toomuchtodo 8y ago> I don't get why anyone still uses SAP, it performs like crap, is way, way, way more complex than needs to be, and costs a fortune. Because it is the least worst option for businesses who need what it offers.
- jaxtellerSoA 8y ago>Because it is the least worst option for businesses who need what it offers. And what is it offering exactly, relation database? Shit man, PostgeSQL, Maria DB, Firebird, etc.