SAP revamps management to focus on cloud computing
May 24, 2013
Grazed from EconomicTimes. Author: Editorial Staff.
German business software maker SAP said it was revamping its management to sharpen its focus on cloud computing as demand for the service which saves clients money grows. SAP and rivals such as IBM and OracleBSE -2.65 % are dashing to meet surging demand for cloud computing, which allows clients to ditch bulky and costly servers for network-based software and storage in remote data centres.
The company said it was now grouping all of its development activities and putting executive board member Vishal Sikka in charge of them from June 1. It also named board member Gerhard Oswald to oversee its new HANA Enterprise Cloud product. "In record time, we went from being a startup in the cloud to being one of the largest companies in the cloud," Co-Chief Executive Jim Hagemann Snabe said during a conference call…
SAP splashed out $7.7 billion last year to buy Ariba and SuccessFactors to push into the cloud computing market, which research firm Gartner has said is expected to grow 18.5 per cent this year to $131 billion worldwide. But it suffered a setback at the start of 2013, when top sales managers in Asia left, giving rivals an edge just as demand for cloud computing was on the rise…
Read more from the source @ http://economictimes.indiatimes.com/news/international-business/sap-revamps-management-to-focus-on-cloud-computing/articleshow/20247740.cms