German software giant SAP AG this week reached an agreement to purchase Sybase for around $5.8 billion, the largest technology merger in more than a year.
Sybase makes software that manages business inventories, payroll, and other operational processes.
“This combination is a transformative event in the software industry,” Sybase CEO John Chen said in a statement.
“I’m very honored and pleased to join this great team.”
Industry analysts say that the deal will put SAP in a greater position to challenge Oracle, the market leader in business applications.
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