The business software company SAP to acquire the U.S. company SuccessFactors, which specializes in cloud computing solutions in Human Capital Management for $ 3.4 billion U.S. dollars.
The tender offer is made in cash U.S. $ 40 * per share, representing a premium of 52% compared to the value of the action of SuccessFactors to the close of business on December 2.
The Board of Directors of SuccessFactors approved the offer unanimously.
SAP intends to finance the transaction with cash and with a term loan of $ 1 billion.
The transaction is expected to close in the first quarter of 2012 and contribute to net income of SAP in 2013.
Who Success Factors?
Based in San Mateo, California, SuccessFactors has 1,450 employees and serves over 3,500 customers in 168 countries.
In the third quarter ended September 30, SuccessFactors has announced revenues of $ 91.2 million, representing an increase of 77% compared to 51.5 million reported for the same period last year.
However, the company suffered a net loss of $ 25 million during the quarter, which was $ 2.8 million a year earlier. Excluding non-recurring items, SuccessFactors would have recorded net earnings of $ 8.6 million.
Success Factors in turn buys
The to be bought by SAP did not prevent Success Factors of an acquisition in turn. This has indeed proceed with the purchase of Jobs2Web, offering recruitment solutions in software mode service, for an amount that was not disclosed.
* All amounts are in U.S. dollars, unless otherwise indicated.
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