SAP to acquire Swiss co SAF for $100 mn

Global IT firm SAP today said it was looking to acquire Switzerland-based software developer SAF AG for around $100 million.

SAF is a Swiss forecasting and replenishment software developer in the field of retail and wholesale industries. The company launched a software, SAP BusinessObject Explorer, here and said the Indian retail sector had a lot of potential considering its size and opportunities.

Now the retail sector has extended beyond the traditional stores. It is more organized and companies are coming forward for a better way of management and supply chain organisation.

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