SAP Acquires Right Hemisphere for 3-D Visualization Software
September 07, 2011, 3:42 AM EDTBy Aaron Ricadela
Sept. 7 (Bloomberg) -- SAP AG, the largest maker of business applications software, plans to acquire Right Hemisphere, which makes three-dimensional diagrams of products and processes, for an undisclosed amount.
Right Hemisphere, based in San Ramon, California, and Auckland makes software that lets customers create 3-D models of product designs, manufacturing processes and assembly instructions, Walldorf, Germany-based SAP said in a statement yesterday.
SAP supplies applications that let companies manage their accounting and reporting procedures, track inventory levels and plan deliveries. Right Hemisphere’s software would let SAP’s customers see animated views of products to improve design, assembly and support, SAP said.
“Right Hemisphere’s product is highly complementary to SAP’s Business Suite and Business Intelligence offering and will increase clients’ productivity,” Bernd Laux, an analyst at CA Cheuvreux who rates SAP shares “underperform,” wrote in a note.
SAP rose 2.3 percent to 36.61 euros at 9:17 a.m. in Frankfurt trading. The stock has dropped 4 percent this year.
On Sept. 2, a U.S. judge in Oakland, California, threw out a $1.3 billion copyright-infringement verdict against the company in a case brought by its rival, Oracle Corp. A jury had awarded the damages to Oracle in November. U.S. District Judge Phyllis Hamilton ruled that SAP should get a new trial for damages if Oracle rejects her decision to reduce the amount to $272 million.
--Editors: Donna Alvarado, Stephen West
To contact the reporters on this story: Aaron Ricadela in San Francisco at aricadela@bloomberg.net
To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net
