SAP Scoops Up Syclo in Confirmed Acquisition Plans

SAP has formally announced plans to acquire Syclo upon receiving applicable regulatory approval.

“Today’s announcement is the next step in delivering a fully-integrated mobile platform and enterprise application portfolio to both Syclo and SAP customers,” said Syclo CEO Rich Padula.

Although financial terms of the deal were not disclosed, SAP will reportedly focus on enterprise mobility and tap into Syclo’s expansive expertise in building and selling mobile solutions in diverse industries.

The move by SAP comes as businesses increasingly adopt smart devices and enterprise mobility in the workplace. Mobile phones are expected to overtake PCs as the most common Web access device worldwide by 2013, according to Gartner Inc.

The acquisition is the latest step by SAP in its strategy to drive growth and innovation in core applications, analytics, enterprise mobility, cloudand database and technology.

“With this acquisition, SAP adds momentum to our already powerful mobile portfolio, advancing our vision and leadership while accelerating our mobile apps, ” says Sanjay Poonen, president of SAP. “Syclo brings both domain-savvy expertise and industry-leading solutions, as recognized by customers and analysts. This will drive innovation and mobility in the workplace.”