"We rate SAP SE (SAP) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.
On Thursday after hours, SAP SE ADR (NYSE: SAP) and Concur Technologies Inc. (NASDAQ: CNQR) announced that SAP's Subsidiary, SAP America Inc. has entered into an agreement to acquire Concur Technologies in a deal valued at $8.3 billion.
SAP to Buy Concur for Enterprise Value of About $8.3 Billion.SAP SE (SAP), the biggest maker of business-management software, agreed to buy Concur Technologies Inc. (CNQR) in a deal valued at $8.3 billion, bolstering its cloud business.
SAP SE's finance chief said the company's Web-delivered computing software will outpace traditional software licenses by 2020 as it works to convince investors that the cloud business can turn a profit.
SAP SE (Systems Applications Products Societas Europaea), a European multinational software corporation, will invest up to $500 million in Africa over the next seven years, the company announced at a press briefing on Tuesday.