Ratcheting up the competition with archrival Oracle, SAP has disclosed plans to purchase TechniData, a German developer of environmental, health and product-safety applications for the enterprise.
The move comes just days after Oracle made a big acquisition of its own, scooping up Phase Forward for $685 million.
The acquisitions mark the latest turn in the two firms’ battle for hegemony in the business-application market.
Datamation has the story on SAP’s purchase of TechniData.
SAP announced it will acquire TechniData AG, a longtime partner and developer of environmental, health and product safety applications, a move designed to help differentiate it from competitors such as IBM and Oracle in the fast-growing industry.
Financial terms of the deal were not disclosed but SAP (NYSE: SAP) officials said they expect the acquisition to be completed and approved by regulators by the beginning of the third quarter.
“Sustainability is about holistically managing economic, environmental and social risks and opportunities,” said Peter Graf, SAP’s chief sustainability officer, in a statement. “IT can help organizations execute their sustainability strategies in a way that drives short- and long-term profitability.”