SAP says to buy Indian software company YASU

By Staff
|
Google Oneindia News

FRANKFURT, Oct 17 (Reuters) SAP intends to buy India's YASU Technologies, a software company with 120 staff, for an undisclosed price, it said in a statement on Wednesday.

Privately held YASU specialises in business-rules software, which helps companies act in line with defined goals or constraints and be more efficient. It is especially useful for ensuring compliance with regulations.

SAP, which this month agreed to buy Business Objects for 4.8 billion euros (.8 billion) -- its biggest-ever acquisition -- said buying YASU was in line with its broader strategy of organic growth and small acquisitions.

YASU's customers are mainly in the financial industries, public sector, telecoms, manufacturing, travel and healthcare.

The company was founded in 1999 and is based in Hyderabad, India with sales offices in the United States.

The acquisition is expected to close this month.

REUTERS SI RAI1950

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