Monday, December 5, 2011

Another Takeover - Cloud Computing Stocks to Watch

This weekend saw another Cloud Computing stock bought by a larger competitor and a high premium.

German software giant SAP ($SAP) has agreed to purchase cloud computing company SuccessFactors ($SFSF) for $3.4 billion or $40/share - a 52% premium from Friday's closing price.

The takeover follows Oracle's ($ORCL) purchase of Rightnow Technologies ($RNOW) in October.

Here are a list of other Cloud Computing names to watch:

Taleo Corp ($TLEO)
Concur Technologies ($CNQR)
Salesforce.com ($CRM)
Netsuite ($N)
Ultimate Software Group ($ULTI)
Liveperson ($LPSN)
Kenexa Corp ($KNXA)
Tangoe ($TNGO)

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