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SAP to buy Sybase for $5.8 billion

By Published on .

Walldorf, Germany—Global software company SAP announced that its subsidiary, SAP America, will acquire enterprise software company Sybase in a cash deal valued at approximately $5.8 billion.

The acquisition will expand SAP's reach into mobile markets and “in-memory computing vision,” as well as bring improvements to Sybase's analytic processing capabilities, the companies said. Under the acquisition, Sybase will operate as a standalone unit under the name Sybase, an SAP company, and Sybase's management team will continue to run the business. The board of directors of Sybase has approved the transaction, and the deal is expected to close in the third quarter.

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