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Sap Acquires Outlooksoft Corporation

  • May 16 2007, 1:00am EDT

A provider of solutions for the CFO, SAP AG announced its intention to acquire OutlookSoft Corporation, a privately held provider of integrated planning, budgeting, forecasting and consolidation software. SAP stated that the acquisition is expected to be completed in June 2007.

OutlookSoft's standards-based solution is built on a service-oriented architecture (SOA), thus enabling customers to take advantage of OutlookSoft 5 and extend the value of their SAP solutions by leveraging integration with SAP's service-enabled applications via a common technology platform, SAP NetWeaver. In particular, SAP NetWeaver Business Intelligence (SAP NetWeaver BI), with over 14,000 installations, will provide the BI infrastructure powering the OutlookSoft 5 application and deliver a common user experience to the business user.

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