SAP Buying SuccessFactors for $3.4 Billion

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SAP America is paying US$3.4 billion for SuccessFactors, a provider of cloud-based human capital management. Lars Dalgaard, founder and CEO of SuccessFactors, will join SAP to lead its cloud business, while continuing to head SuccessFactors, which will be run as an independent company.

(See "SAP Pays $34 Billion for Cloud Vendor SuccessFactors" for update.)

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