Monday, April 03, 2006

Tech-Confidential - SAP acquisition

"German software giant SAP AG said Monday it would buy Virsa Systems Inc., a regulatory-compliance and risk-management software company based in Fremont, Calif. Virsa is one of SAP's partners and investment portfolio companies. The two have signed a marketing, sales and development agreement whereby Virsa's core product, Compliance Calibrator, has been resold as an add-on to mySAP ERP, CNET reported.
The deal marks the first acquisition this year for SAP. In November, it acquired Khimetrics Inc., a Scottsdale, Ariz. maker of a price optimization software, according to The Deal. "

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