From Nasdaq: 2024-06-06 10:44:00

SAP SE is set to acquire Israeli company WalkMe in a $1.5 billion all-cash deal. WalkMe specializes in digital adoption platforms and has a strong client base, making it a valuable addition to SAP’s portfolio. The acquisition is expected to close in the third quarter of 2024, pending regulatory approvals.

The acquisition of WalkMe will enhance SAP’s support for end users and strengthen their digital transformation offerings. SAP has been seeing growth in their cloud business, with a 27% increase in current cloud backlog. Despite concerns about global economic conditions, SAP is reaffirming their guidance for cloud revenues and total revenues.

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Read more at Nasdaq: SAP Set to Acquire Israel-based WalkMe in Deal Worth $1.5B