A renewed focus on the cloud is likely to be revealed by leading enterprise resource planning (ERP) software provider SAP this week.
The company recently acquired SuccessFactors and its founder Lars Dalgaard has now moved to SAP in order to oversee its growth in the cloud sector, reports Bloomberg.
Indeed, Mr Dalgaard is expected to speak at the organisation’s conference in Orlando to explain how it can generate €2 billion (£1.2 billion) from cloud software.
“To really make the cloud an opportunity rather than a threat they need to move their traditional functionality to the cloud,” said Leon Cappaert, a manager at KBC Asset Management in Brussels.
In 2011, SAP recorded its best-ever financial results, meaning an improvement in its cloud performance could see it shatter records once again in the years to come.
SAP has a target to achieve €20 billion in revenue from the cloud by 2015 and its recent takeover plans and strategy tweaks have reflected this.