DEC 4, 2011 1:05am ET

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SAP Bids $3.4B for SuccessFactors

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Germany-based enterprise software provider SAP has placed its largest bet yet on service-based cloud computing with a $3.4 billion bid for U.S. based SuccessFactors, which provides human resources software on demand. News of the proposal was unusual for arriving on a Saturday when analysts and customers of the companies would be mostly unaware of such an announcement.

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