SAP AG, the largest maker of business-management software, agreed to buy SuccessFactors Inc. for $3.4 billion in cash, stepping up competition with archrival Oracle Corp. in the cloud-computing market.
Hewlett-Packard Co. appointed former SAP AG Chief Executive Officer Leo Apotheker as CEO and president, turning to an external candidate who resigned from his last job in February after sales and profit slumped.
Last week, under questioning by a prosecutor, former McKinsey & Co. director Anil Kumar told jurors that he was pressured by Raj Rajaratnam to leak stock tips. This week, defense lawyers will try in cross-examination to depict Kumar as a “monstrous” liar.
Leo Apotheker , Hewlett-Packard Co. ’s new chief executive officer, brings two decades of software expertise that may help the biggest computer maker add applications to hardware and step up rivalry with Oracle Corp.
Software AG , Germany’s second-largest software maker, has had takeover offers, although its biggest shareholder is unlikely to bite unless the price and timing are right, the company’s chief executive officer said.