SAP Looks for Acquisitions in China to Pick Up Software Talent

SAP AG, the largest maker of business-management software, is seeking acquisitions in China to tap into the nation’s growing pool of programmers, Co-Chief Executive Officer Jim Hagemann Snabe said in an interview.

“We are investing in China not just in terms of sales capacity, but innovation in China for China and the rest of the world,” Snabe told Bloomberg Television in Beijing. “We are also looking here for possible targets of acquisitions.”