SAP To Acquire TopTier

Enterprise resource planning software maker SAP is spending $400 million to acquire portal software vendor TopTier Inc., which produces core components of the mySAP.com Workplace Portal, the key integration and security platform for mySAP.

TopTier also provides core integration components of Microsoft's SharePoint Portal Server, which is used to integrate the portal with enterprise applications from SAP, Siebel Systems, PeopleSoft, and Baan/Invensys. SAP would inherit TopTier customers DaimlerChrysler, Hewlett-Packard, Universal Studios, and Wells Fargo. Under the agreement revealed Friday, SAP will spend 20 times more than TopTier's revenue of $20 million last year. TopTier will become a wholly owned subsidiary of SAP upon closing, expected in the second quarter of this year. SAP and TopTier have worked together under a technology alliance since 1999.