Share price of the premium application software company SAP SE (SAP - Free Report) rose 1.4% to $76.77 per share, following its announcement of acquiring Roambi and its related primary assets on Feb 16, 2016. With this acquisition, SAP intends to bring mobile access to analytics for the common mass.
In addition, SAP revealed certain new, unique predictive capabilities to analysts, partners and developers through the SAP Predictive Analytics software, to be launched soon. Along with these two announcements, the company also declared that its latest specialized trade-in-promotion is now commercially available. This would attract new vendors toward SAP offerings which provide user-friendly analytics solutions without any necessary line-of-business or information technology requirements.
According to SAP, the contemporary digital realities cannot be properly integrated with conventional analytics strategy-to-execution loop, which is neither agile nor comprehensive. The company, as a global leader in analytics, plans to offer a wide range of consumer-grade analytics solutions at enterprise-scale level across various industries. These all-in-one analytics solutions would be available in cloud and designed on a ubiquitous, real-time basis.
WIth the latest buyout, SAP will be able to offer innovative analytics solutions that would help retrieve valuable data at any place and in any point of time. This is because Roambi features a popular data-visualization and mobile-centric solution that will serve to redesign the method through which the world utilizes critical information. The solution will allow executives and managers to view and modify data or share the same in any time and at any place. In addition, the company’s latest version of SAP Predictive Analytics aims to offer a new set of functions to data scientists and analytics across the globe.
Stocks to Consider
SAP presently carries a Zacks Rank #4 (Sell). Better-ranked stocks in the industry include Aspen Technology, Inc. (AZPN - Free Report) , Autodesk, Inc. (ADSK - Free Report) and Avid Technology, Inc. (AVID - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy).
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