SAP said it plans to acquire Syclo, a provider of enterprise mobile applications and technologies. Syclo’s solutions will become part of the SAP mobile solution portfolio, and Syclo’s employees will join SAP. Financial terms of the deal were not disclosed. The transaction is expected to close in the second quarter of 2012.
The move by SAP comes as businesses increasingly adopt smart devices and enterprise mobility in the workplace. Mobile phones are expected to overtake PCs as the most common Web access device worldwide by 2013, according to Gartner. The acquisition is the latest step by SAP in its strategy to drive growth and innovation in core applications, analytics, enterprise mobility, cloudand database and technology, said the company.
Focusing exclusively on enterprise mobility solutions, Syclo has more than 600 customers in 39 countries across all major asset and mobile-intensive industries. An established SAP partner, Syclo offers mobile apps that help companies extend business systems to mobile devices and users .
[Image Courtesy: Syclo]