SAP Acquires Coghead’s Technology As It Looks Towards The Cloud
Yesterday we reported on the shutdown of Coghead, a web-based enterprise software editor that featured an unusually intuitive interface. Today, we were contacted by the company’s CEO Paul McNamara, who informed us that software giant SAP, which previously had invested in the company, has acquired Coghead’s intellectual property assets. While Coghead will cease operations, much of the company’s team will join SAP (though McNamara will not be joining the company).
While SAP had previously invested in the company, its ultimate acquisition of Coghead is sure to raise a few eyebrows. SAP has long been associated with local enterprise software suites that require time-consuming upgrades and IT teams, which have been losing ground to relatively maintenance-free offerings from SaaS services like Salesforce.com.
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