FRANKFURT Jan 25 German business software maker
SAP could start looking at large acquisition targets
again, particularly among cloud computing firms, its finance
chief was quoted as saying by weekly Euro am Sonntag.
"We could look at almost any size," SAP's Chief Financial
Officer Werner Brandt was quoted as saying. Brandt, who will
retire in May, declined to name any potential targets.
SAP on Tuesday pushed back its profit target by two years as
it waits for subscription revenue from cloud computing to gather
pace and invests more in the business to keep up with a
Cloud computing helps businesses cut costs by ditching bulky
servers for network-based software in their own offices, instead
using remote data centres run by technology companies.
IBM Markets Intelligence estimates the cloud computing
market could be as big as $200 billion by 2020.
SAP entered cloud computing in 2012 after spending $7.7
billion on buying internet-based computing companies Ariba and
SuccessFactors. Analysts have said SAP may need more
acquisitions to reach its 2017 revenue target of 3-3.5 billion
euros for the business.
(Reporting by Harro ten Wolde; Editing by Hugh Lawson)