Are Data Centers A Thing Of The Past?
By Benzinga:
By Brandon Pilzner
SAP AG (SAP) announced on Saturday that it will acquire cloud software maker SuccessFactors (SFSF) for $3.4 billion in cash, a major move that puts the dominant maker of business applications squarely into cloud computing. It is a transaction that may signal more acquisitions of this type to come as traditional software and business service companies strive to remain relevant and innovative by acquisition. Many cloud-based companies saw bullish action after this blockbuster acquisition. Some of these companies included: Taleo Corporation (TLEO), Ariba (ARBA), Concur Technologies (CNQR), and Saba Software (SABA). All of these companies traded over 15% higher, as investors believe that cloud-computing companies could be ripe for the picking. Within the past handful of years, many corporations would outsource its internal networking systems to data center providers. Companies that are in the Data Center Industry build out, develop, manage, and store in-house networks and serversComplete Story »
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