In largest-ever SaaS deal, SAP looks to SuccessFactors for success in the cloud

SAP is paying a double-digit multiple for the HCM vendor after its homegrown SaaS efforts failed to go 'by design,' as it were. The combination faces many challenges, but the infrequent acquirer has seen good early returns from its big purchase of Sybase.

Brenon Daly

Research Director, Financials