December 16, 2010 – SAP announced plans to beef up its enterprise performance management suite with the proposed acquisition of disclosure management solutions from cundus AG.
Based in SAP’s native Germany, cundus AG offers services for EPM implementations throughout Europe. SAP stated in a news release that its interest in the acquisition was piqued by strong demand for its own financial close portfolio solutions. It plans to introduce a new solution stemming from the acquisition for growing U.S. and international financial disclosure requirements in its BusinessObjects portfolio.
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