IBM and SAP announced cloud collaboration

IBM and SAP announced cloud collaboration

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WEDNESDAY: In tech finance sect, latest reports have brought in amazing announcements by International Business Machines Corp. (NYSE:IBM) and German business software provider, SAP (SE); who are looking to make a partnership for developing/enhancing their cloud services amid complementary technologies and services – another strategy to boost digital economy via modernizing current system infrastructure. The tech companies announced to work upon on-premise offerings, customer/user experience and cognitive capabilities.

The deal aims to combine SAP’s software and cloud platform with IBM’s cognitive capabilities; cloud and power systems. Most importantly, old partners plan to co-locate resources in Palo Alto, Calif and Walldorf, Germany – current base for SAP.

“We’re formalizing a complementary set of capabilities to simplify and speed outcomes for clients evolving to become cognitive enterprises.” – IBM Global Business Services’ senior vice president, Bridget van Kralingen

It’s worth mentioning that IBM has been putting in a lot of effort to re-invent itself on cloud computing platform. SAP that sells software for an easy management of corporate operations – i.e. manufacturing, finance and inventory – is an ideal choice for it in that case.

SAP’s collaboration with the 104-year-old tech giant appeals to established companies that have turned away from outsourcing operations (source: Market Watch). On a similar note, Business Suite 4 SAP HANA software has become one of its popular cloud offerings (source: Thomson Reuters).

INSIGHT: In year 2013, IBM became bigger participant in cloud computing when it acquired SoftLayer Corp. Following this, the companies announced SAP to use IBM-functioned services in addition to its own to deliver SAP software as a sole service over entire internet, during 2014.

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Zac Berry is presently a full time editor at Market Morning. He covers the M&As and follows live market commentary. Before joining Markets Morning, Zac Berry worked with a start-up, where he worked in the capacity of a Team Leader tracking company events and results. Born in the U.A.E, he spent most of his growing up years in Dubai. Currently, he resides in U.S. and is pursuing his charter in Accountancy.

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