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The business software giant is shelling out $3.4 billion to buy its way further into the cloud.

FORTUNE — Over the weekend, SAP announced the $3.4 billion acquisition of human resources management software provider SuccessFactors — big news by any measure.

The first question (besides why SAP (SAP) chose Saturday morning for the announcement) is whether or not shelling out so much money to buy its way into the cloud makes sense?

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