Interesting article on the impact FinTech start-ups also have on the established IT companies.
In short, and similar to IBM, Tradeshift is building its own ecosystem through the incorporation of third-party apps that compliment their core offering. Given that IBM has recognized and appears to be responding to this market shift, where does this leave SAP? This is when Patel made the statement that SAP is making attempts to “buy its way” into the cloud. I asked Patel if this made Tradeshift an acquisition target, and if it did, what would the company do? He acknowledged that Tradeshift would indeed be an attractive takeover target for SAP. What he does know is that there is a definite trend on the part of companies to “move away from SAP. My take is that SAP is in a state of static oblivion. Specifically, if they don’t do something to successfully “buy their way into the cloud,”