By S.Suren
In this posts I thought I'll mention some of the important events that have taken places during the last couple of months in the ERP Arena !!
The Satyam Saga
Satyam, one of India's largest IT Companies providing outsourcing services for more than 500 customers, had a tough time during the last few months, mainly due to the mismanagement of funds and hence the bogus values shown on their financial statements. The issue came to light when the CEO of the company tried to influence the company to purchase his son's contruction company and thereby fill in the fictious assets reported in the financial statements with real ones. All this led to the CEO being imprisoned and new a board of directors being appointed by the indian government to look into the operations of the company, more like a bail out but with personnels involved.
From an ERP Industry's point of view, Satyam is supposed to be the 2nd largest firm providing services for SAP, with involvement with most of SAP's most profitable and in demand industry solutions. It was also reported, that SAP could perhaps take over Satyam, since this would be the best time given its weak stocks and also considering Satyam's importance to SAP. I shall keep this blog updated with whatever ensues on this.
HCL gets AXON
After all the prolonged negatiations that took place between HCL and AXON, a London court had finally given the go ahead for HCL to acquire AXON. The acquisition was valued at GBP 441.1 million (468.3 million Euro), making it the largest acquisition in tech space by any Indian company. Infosys too was interested in acquiring AXON but HCL overbid them. This acquisition makes HCL one of the largest SAP Implementation companies in the world.
Alloy Out
Its finally been revealed on what SAP and IBM were working on with their new project. Alloy, is the name given to the jointly developed product by SAP and IBM, which combines IBM Lotus Notes software with SAP Business Suite. With the large market share that both these companies have in their respective areas, this product could very well be marketed very aggressively. As of now, its been reported that both these companies will sell this product.
SAP General Update
SAP, now has 25 Industry Solutions and have over 76000 customers (including the customers after the BO buy),and now SAP operates in over 120 countries and is listed on the NYSE and the Frankfurt stock exchange.
Hope you found this post informative. Have a nice day !!
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