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SAP Buys into Cloud

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SAP enters the cloud race and purchases web based service provider SuccessFactors for $3.4BN. 

SAPSuccessFactors 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. 

Go SAP Commences SuccessFactors Acquisition