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For Werner Brandt, CFO of enterprise software company SAP, the biggest challenge of the past few years has been executing, financing and integrating a steady stream of acquisitions. SAP purchased Business Objects for $6.7 billion in 2008, Sybase for $5.8 billion in 2010 and SuccessFactors for $3.4 billion earlier this year. And in May, it agreed to acquire e-commerce company Ariba in a deal valued at $4.3 billion.

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