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On July 27, 2010, SAP AG announced the completion of the cash tender offer for all outstanding shares of common stock of Sybase, a partner and a market leader in managing, analyzing, and mobilizing business information. Through this transaction, SAP intends to accelerate the reach of SAP solutions across mobile platforms and drive forward the realization of SAP’s in-memory computing vision.

Based in Dublin, California, Sybase delivers a range of solutions to ensure that customer information is securely managed and mobilized to the point of action, including enterprise and mobile databases, middleware, synchronization, encryption and device management software, and mobile messaging services.

The planned acquisition supports SAP’s strategy of pursuing acquisitions that complement its portfolio and offer additional value to customers worldwide. Through the acquisition of Sybase, the two IT leaders come together to help mutual customers better harness today’s explosion of data by delivering critical and accurate business information on any device, at any time.

SAP and Sybase to Continue Successful Co-Innovation History

SAP and Sybase will build on their successful co-innovation history to present new and exciting solutions to the marketplace. Bringing together in-memory technology from SAP and Sybase’s strong database and mobility products will enable companies to become “unwired enterprises,” in which critical information and applications are available on any device, at any time. Customers will have the ability to take the explosion of data and harness it in a way that is consumable by employees using any device. Employees will be able to make faster, more informed decisions, and companies will benefit from greater productivity, speed, and agility to help their businesses grow.

Sybase will operate as a separate company under the leadership of its current CEO John Chen, and will remain focused on its core business.

VIA [SAP]

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