The rumour mill is again in action implying that SAP may buy SAGE.
The new Sage MD Guy Berruyer might already have his hands full as he fends off takeover approaches from SAP and possibly Microsoft.
Sage's shares surged to 8.1p to a year's peak of 266.2p as speculators responded to gossip that SAP, the world's largest business software company, is gearing up for a cash bid worth £5.1billion or 390p a share.. SAP is said to be sitting on cash, even after splashing out £3.7billionn on database-software maker Sybase earlier this year.
Some say SAP would struggle to integrate Sage’s different solutions that they have bought, but this could be a great way to offer SaaS accounting software. The relationship Sage has with accountants might be worth a punt and help SAP push their new Business ByDesign software package.
With such a strong foot hold in the small to midsize software market, the leading suppliers of business software SAP could benefit from taking over Sage as software is seen to compete on some levels.
Shares in Sage Group gained sharply on Tuesday, with traders citing talk SAP AG was interested in making a bid for the technology company.
Both companies have declined to comment…
What do you think???
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