SAP: completes takeover of Callidus Software
(CercleFinance.com) - SAP has completed the acquisition of Callidus Software, a California-based software publisher that is known for its applications in sales performance management and configure-price-quote (CPQ).
The move will provide SAP with a cloud-based customer relationship management (CRM) solution putting the German corporate software group in a good position to compete in the 46 billion-dollar CRM market, it said.
After the transaction, Bryan Garnier has reiterated its "buy" rating on the stock and has raised its "fair value" from 110 euros to 112 euros, saying that SAP has now renewed aims in CRM following the acquisitions of Callidus and Gigya.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The move will provide SAP with a cloud-based customer relationship management (CRM) solution putting the German corporate software group in a good position to compete in the 46 billion-dollar CRM market, it said.
After the transaction, Bryan Garnier has reiterated its "buy" rating on the stock and has raised its "fair value" from 110 euros to 112 euros, saying that SAP has now renewed aims in CRM following the acquisitions of Callidus and Gigya.
Copyright (c) 2018 CercleFinance.com. All rights reserved.