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SAP enters e-commerce space with hybris acquisition

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Walldorf, Germany—Operations and marketing technology company SAP announced it plans to acquire e-commerce company hybris. Financial terms of the deal were not disclosed. The acquisition of hybris, based in Zug, Switzerland, will provide SAP customers with an on-premise or cloud-based e-commerce platform that will be integrated with other SAP products, including its analytical, social, customer service and CRM applications, SAP said in a statement. This deal is expected to be completed by the third quarter. hybris will continue to operate as an independent business with its existing management team, SAP said.
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