SAP, the German software-maker, will be staying independent for the foreseeable future.
Speaking to German newspaper Euro am Sonntag, SAP CEO Bill McDermott said that SAP will ‘absolutely’ remain independent.
He said: "We are an incredibly strong company with regard to globalisation. We have the clearest solution for our customers. And a very lush market capitalisation."
"I believe that as we gain more market share and our strategy and progress are better understood, the market value will also increase rapidly."
"The best way to remain independent as a company is to grow and have a good market capitalisation."
In 2004, SAP was in talks with Microsoft regarding a merger, but the plan was subsequently halted.
SAP is currently the fifth largest company in Germany’s cap DAX index, with a market capitalisaion of 70.5bn euros.