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Sap AG To Buy Swiss Firm Hybris-Reuters

Wednesday, 5 Jun 2013 06:56pm EDT 

Reuters reported that SAP AG has bought Swiss software developer hybris to expand its customer management platform. The two companies announced the deal on Wednesday, but did not divulge financial details. SAP paid between $1 billion and $1.5 billion for the company. The SAP-hybris transaction is expected to close in the third quarter of this year. 

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-0.7 -1.20%
17 Apr 2014