SAP enters the cloud race and purchases web based service provider SuccessFactors for $3.4BN.
SuccessFactors provides cloud based HRM solutions-- with a platform SAP appears to be keen to integrate into its existing Business By Design ERP services. If this is the case, SAP will become a big competitor in the cloud based software industry.
Meanwhile SuccessFactors itself makes an acquisition-- in the shape of applicant tracking software provider Jobs2Web.