By Scott Priest, managing editor, GRC Expert
SAP announced this morning its acquisition of sustainability and EHS management vendor TechniData AG for an undisclosed amount. From its news release:
This acquisition is in line with SAP’s strategy to complement existing applications and solutions with smart purchases that offer innovative technologies and functional capabilities. The strategy is guided by careful market assessments and focuses on adding value to customers’ investments in SAP, expanding the company’s abilities to support customers and partners in their sustainability approach. Through the acquisition of TechniData, SAP gains both a more comprehensive service offering and the talents of accomplished employees with deep knowledge of customer processes as well as SAP products and integration technologies.
The acquisition is expected to be completed by Q3 of this year.
It isn't surprising that TechniData was a target for SAP, given SAP's emphasis on these areas recently. SAP recently ranked as a leader in the software segment for sustainability in the DJ STOXX index. It also emphasized its interest in expanding the sustainability portion of its software in the key note address at our GRC 2010 conference last month.
Another benefit will be expanding its subscriber list, as a supplementary document to the press release states that while SAP and TechniData shared 1,000 customers, TechniData has 600 customers that were not previously customers of SAP.