SAP to Acquire Syclo, Extends Leadership in Mobilizing the Enterprise
Leading Provider of Mobile Asset Management and Field Service Solutions to Boost Portfolio of Applications on the SAP® Mobile Platform, Adds Mobile Enterprise Strength for Asset-Intensive Industries and Line-of-Business Functions
SAN FRANCISCO, April 10, 2012 /PRNewswire/ -- In a move that will drive innovation in mobile solutions for businesses of all sizes, SAP AG (NYSE: SAP) today announced plans to acquire Syclo, a leading provider of enterprise mobile applications and technologies. The addition of Syclo's expertise in building and selling mobile solutions in industries such as utilities, oil & gas, life sciences and manufacturing will immediately enhance SAP mobile solutions. It will also accelerate the adoption and deployment of new mobile asset management and field service solutions on Sybase® Unwired Platform, part of the SAP® mobile platform and the company's infrastructure for developing and managing mobile apps. The announcement was made at a press conference held this morning in San Francisco.
"With this acquisition, SAP adds momentum to our already powerful mobile portfolio, advancing our vision and leadership while accelerating our mobile apps," said Sanjay Poonen, president, Global Solutions, SAP. "Syclo brings both domain-savvy expertise and industry-leading solutions, as recognized by customers and analysts. This will drive innovation and mobility in the workplace."
Focusing exclusively on enterprise mobility solutions, Syclo has more than 600 customers in 39 countries across all major asset and mobile-intensive industries. An established SAP partner, Syclo offers mobile apps that help companies extend business systems to a wide range of mobile devices and users. Syclo's expertise and technology offers a mature set of applications that complement SAP in key mobile areas such as enterprise asset management (EAM), field services, inventory management and approvals/workflow, and represents a significant growth opportunity for SAP. Following the close of the transaction, Syclo apps will be integrated with the SAP mobile platform and SAP® Afaria® for mobile device management and security. The combination of SAP and Syclo will create a unique solution provider in the industry with market-leading mobile enterprise applications integrated with a world-class business suite.
"Syclo and SAP have cultivated a strong partnership, and today's announcement is the next step in delivering a fully-integrated mobile platform and enterprise application portfolio to both Syclo and SAP customers," said Rich Padula, CEO, Syclo. "Together, we will expand and accelerate our ability to help businesses run better through mobility."
Enterprise Apps to Unwire the Enterprise As companies increasingly enable their employees to do more of their work on smart and "ruggedized" devices, the combination of SAP and Syclo promises businesses a growing selection of enterprise-grade mobile apps. Building on Syclo's Smart Mobile Applications Suite and SAP® Business Suite software, the combined companies will serve traditional mobile employees as well as an increasing number of employees in other roles who are embracing smart devices in the workplace. The infusion of expertise from both Syclo and its partner network to the open SAP ecosystem will increase opportunities for co-innovation, creating new solutions for customers and opportunities for partners in markets around the world.
Upon receipt of applicable regulatory approvals and satisfaction of certain other conditions, SAP will acquire 100 percent of Syclo's equity. Syclo's solutions will become part of the SAP mobile solution portfolio, and Syclo's employees will join SAP. Financial terms of the deal were not disclosed. The transaction is expected to close in the second quarter of 2012.
About SAP As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 183,000 customers (includes customers from the acquisition of Sybase) to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
SAP and the SAP logo are registered trademarks of SAP AG in Germany and other countries. Business Objects and the Business Objects logo are trademarks or registered trademarks of Business Objects Software Ltd. Business Objects is an SAP company. Sybase and the Sybase logo are registered trademarks of Sybase Inc. Sybase is an SAP company. Crossgate is a registered trademark of Crossgate AG in Germany and other countries. Crossgate is an SAP company.