SAP eyes top spot in 'cloud computing'

BERLIN: The acquisition of US firm Success Factors by SAP will make the German software giant number one in "cloud computing" and show a profit from 2013, a top SAP executive said in an interview published yesterday.

The synergies achieved with the acquisition "are going to help us become number one in the nearly future" in the rapidly growing market of so-called cloud computing, he said.

Success Factors specialises in cloud computing, which involves managing on the Internet data stored on distant servers.