SAP denies HP takeover

The co-chief executives at SAP are adamant that there is no take over in the pipeline. A HP buy out of the business software company is not needed explained Jim Hagemann and Bill McDermott as sales have been strong since their arrival.

“We get to the point where we appreciate the compliment that we are a jewel in the crown, but we do have some swagger on our own.” Said McDermott who pointed out that HP are only 7bn euros ahead of SAP now (since SAP improved in market capitalisation).

Analysts and industry insiders believed a take over may be on the cards due to poor performance, which could result in SAP’s elderly founders selling their 24 per cent of the company.

Also, Leo Apotheker left SAP when financial results and customer satisfaction were low. Once at HP, he announced a push into software, which, fuelled acquisition rumours further.

SAP director, John Antunes, dismisses the rumours totally, but Gartner analyst, Donald Feinburg, is not so convinced.

“The co-executives don’t normally do press interviews so I am sceptical in that there may be something behind this. HP could have approached SAP,” he said. However, Feinburg does admit that the companies’ valuations in market capitalisation are close, and so, “it would be a stretch.”

It seems if SAP’s performance is up, and HP only a stride ahead, then the rumours cannot be strong. But there may be a grand plan we know nothing about – lets see how the next few months unfold.

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Chris Baker is the Global Sales and Marketing Director responsible for the expansion of Calsoft Enterprise Solutions internationally. Formerly co-owner of acquired business, Inatech, Chris has been responsible for developing and promoting the company’s position as a specialist in Oracle solutions within the global IT industry. Chris co-founded Inatech in November 2002 merging with Calsoft in 2008. In a career spanning 23 years, Chris has held influential positions at Accenture, Easams, and Marconi. He was a Member of the Oracle UK Consulting Board during his time at Oracle Corporation UK, where he spent 15 years. Chris has a Higher National Diploma in Computing Studies from Farnborough College with distinction.