Deals
SAP Seen Boosting Cloud to Vindicate SuccessFactors Deal
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SAP AG plans to show this week it has learnt from a flawed venture into Internet-based software five years ago with its new strategy for cloud-computing, months after the $3.4 billion purchase of SuccessFactors Inc.
Investors’ attention at SAP’s Sapphire conference in Orlando, Florida, will be on Lars Dalgaard, the SuccessFactors founder who joined SAP’s global management board last month. Dalgaard plans to explain how SAP can generate 2 billion euros ($2.6 billion) in sales from software delivered over the Web by 2015 to help the Walldorf, Germany-based company reach its 20 billion-euro revenue target by then.