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HP (NYSE: HPQ) has acquired Hiflex Software, a privately held software solutions provider specializing in web-to-print and management information systems solutions for printing services, HP said in a statement without disclosing the financial terms of the transaction.
Founded in 1991 and headquartered in Germany, Hiflex will continue to evolve its offerings and service its current customers following the acquisition, which will extend HP's portfolio of cloud-based technologies and solutions.
"HP wants to break the traditional barriers of how and where business customers print, making it easy for them to produce custom or personalized materials anywhere, anytime," said Vyomesh Joshi, executive VP of HP's imaging and printing group. "Hiflex's technology provides a powerful platform to deliver on this goal as part of our overall cloud printing strategy."
SAP (NYSE: SAP) has entered into a definitive merger agreement with cloud-based human capital management (HCM) solutions provider SuccessFactors (NYSE: SFSF), which is based in California, SAP said in a statement.
SAP's subsidiary SAP America will offer to acquire all outstanding shares of SuccessFactors' common stock for US$40.00 apiece in cash, representing an enterprise value of some US$3.4bn.
The SuccessFactors board of directors has unanimously approved the transaction. The transaction will be funded from SAP's cash on hand and a 1bn-euro (US$1.34bn) term loan facility.
The offer's closing is conditioned on SuccessFactors' stockholders tendering at least a majority of the outstanding shares of the company's common stock, and clearances by relevant regulatory authorities. The transaction is expected to close in the first quarter of 2012.
The acquisition will strengthen SAP as a provider of cloud applications, platforms and infrastructure. The combination of SAP and SuccessFactors will establish an advanced end-to-end offering of cloud and on-premise solutions for managing business processes.
SuccessFactors provides cloud-based business execution BizX software solutions to organizations. It has more than 15mn global users and some 3,200 customers in 168 countries.
US application software company Adobe Systems (Nasdaq: ADBE) has entered into a definitive agreement to acquire multi-channel ad buying and optimization solutions provider Efficient Frontier, the former said in a statement without providing financial details.
The acquisition of Efficient Frontier will add multi-channel ad campaign forecasting, execution and optimization capabilities to Adobe's existing digital marketing suite.
The completion of the transaction, which is subject to government approvals and other customary conditions, is expected to close in the first quarter of 2012.
Until the transaction closes, each company will continue to operate independently.