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SAP to acquire SuccessFactors for $3.4 billion

Published on .

San Mateo, Calif.—SAP America has agreed to acquire SuccessFactors, a cloud-based human capital management solutions provider, in a deal valued at about $3.4 billion. Under the terms of the deal, SuccessFactors' staff and technology solutions would be merged into SAP America, expanding its portfolio of cloud-based applications and infrastructure. The deal is expected to close in the first quarter.
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