The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK ( Trefis) -- SAP ( SAP), one of the largest enterprise software makers, has acquired SuccessFactors, a leading provider of cloud-based human resource management solutions. SuccessFactors provides a set of on-demand services and tools which help companies manage performance, goals, objectives, compensation and other employee related issues. SAP will be integrating SuccessFactors' technology into its Business ByDesign ERP suite. SAP competes primarily with Oracle ( ORCL), Microsoft ( MSFT) and Salesforce.com ( CRM) in the ERP (enterprise resource planning) market. ERP software currently accounts for nearly 38% of
SAP's $63 Trefis price estimate , which stands close to its current market price. Check out our complete price analysis for SAP here.