SAP AG has completed its $3.4 billion acquisition of SuccessFactors.
SAP announced in a press release this morning "the successful completion of SAP AG's cash tender offer, commenced through its indirectly wholly-owned subsidiary Saturn Expansion Corporation, for all issued and outstanding shares of common stock of SuccessFactors, Inc". An SAP spokesperson confirmed to Philly Tech News by email that "the transaction is complete as of today's announcement". However, he said, the review of the deal by the Committee for Foreign Investment in the United States (CIFIUS) is not yet finished, although that process is likely to be completed shortly. SuccessFactors now refers to itself on its website as "an SAP company",
SAP announced its agreement to acquire California-based SuccessFactors on December 3 of last year. Completion of the transaction had been held up for at least a couple of weeks by the CIFIUS review.