SAP is a large European software company known for its enterprise resource planning software. In 2010, SAP acquired Sybase, an enterprise software company specializing in databases and data warehousing, for $5.8 billion. The acquisition was intended to accelerate SAP's mobile and in-memory computing strategies by combining SAP's software with Sybase's database and analytics expertise. Both companies planned to continue independent product development while also collaborating to enhance their solutions and drive more value for shared customers.