Leading global business software maker SAP said that it's looking at acquisitions in India. Speaking at the inaugural day of the three-day SAP Summit '07 in Mumbai on Wednesday, Geraldine McBride, President of SAP Asia Pacfic Japan (APJ), said that the company is open to making acquisitions, essentially for acquiring smart technologies. "There are some companies with very smart IP. We are interested in looking at them," McBride
She, however, added that the acquisitions are not meant to acquire revenues or market share. The aim is to acquire IP. The company calls it "tuck-in" acquisition strategy. McBride also revealed that SAP has already identified two companies as potential targets in India. "There are two companies under our radar," she said, without revealing what sector they belonged to or their revenues.
McBride also announced that the company would invest $1 billion over the next three years (by 2010). Its focus area of growth in India will be small and medium enterprises
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