SAP acquires hybris in bid to boost cloud credentials
Grazed from CloudPro. Author: Jane McCallion.
SAP has confirmed it is to bolster its cloud offering by acquiring Swiss e-commerce software provider hybris software, with completion expected in the third quarter of 2013. hybris, which was founded in 1997, offers an enterprise commerce suite for both business and consumer facing sales that incorporates web, mobile, call centre and in-store functionality.
Its products, which are delivered either in a Software-as-a-Service (SaaS) model or on premise, help businesses of all sizes increase sales across all vectors irrespective of location, the company claims. According to Forbes, the deal follows years of speculation that SAP would buy hybris, although there had been recent anticipation of a hybris IPO in 2014…

