SAP to acquire datango, a German software firm

With U.S. stock and bond markets closed on this federal holiday, the domestic news flow from the business world is thin.

So we turn to Germany where SAP AG said it plans to acquire datango AG, which provides "workforce performance support software." No terms were disclosed for this transaction expected to close in the first quarter.

Based in Berlin, datango was founded in 1999. SAP, which has North American headquarters in Newtown Square, said that datango will expand its offerings for education tools.

Meanwhile, Blue Bell-based Unisys Corp. is trumpeting another contract for its cloud-based information technology services. This time, California State University picked Unisys to help it provide administrative tasks to the students, faculty and staff at its 23 campuses.

Unisys had been hosting the university's databases and applications at a Salt Lake City, Utah data center. This initial contract, for four years until April 2016, moves into Unisys' private cloud-computing service.