By S.Suren
Its finally happened, the much anticipated outcome of the acquisition of TomorrowNow by SAP is finally here. SAP has opted to close down their much troubled subsidiary TomorrowNow, this would come as a major suprise, as this was bound to happen, given ORACLEs continuous lawsuits and the higher management of TomorrowNow moving out one after another.
Its estimated that the 225 customers of TomorrowNow will now be asked to move back to ORACLE for support and future needs. How smooth this transition is going to be, is to be seen.
However, with regard to the lawsuit files by ORACLE, the final hearing is still pending and expected during the mid of next year. I shall keep you updated on the latest on that, with the expected settlement at a $1B, it going to be hard to miss.
With the global recession having its say on Fortune 500 companies too, its understandable that supporting industry are feeling the pinch too and IT is most often considered a supporting industry.
Hope you found this post informative.
Have a nice day !!
ssurenlk@msn.com
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