SAP Regrets Over Acquiring TomorrowNow?
From seekingalpha.com
The 451 Group: Inorganic Growth submits:
By Brenon Daly
Hindsight is a wonderful thing. Would SAP (SAP) still have gone ahead with the $10m January 2005 purchase of fledgling third-party apps support player TomorrowNow (TN) had it had any inkling then of the financial cost more than five years later -- a $1.3bn payout to Oracle (ORCL) and a ton of legal fees -- as well as the dent to its previous sterling reputation? TN was always a loss-making business for SAP and at its height attracted less than 400 customers, a tiny proportion of the tens of thousands of Oracle apps customers.
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