SAP SE (SAP) recently announced that it was set to acquire Israel-based WalkMe in an all-cash deal. The executive and supervisory boards of SAP along with the board of directors of WalkMe had approved the transaction for $14 per share (45% premium to WalkMe's closing share price on Jun 4), bringing the total equity value to $1.5 billion. The acquisition subject to customary closing conditions and regulatory clearances is expected to close in the third quarter of 2024. The buyout is unlikely to have any mate ...

"By acquiring WalkMe, we are doubling down on the support we provide our end users, helping them to quickly adopt new solutions and features to get the maximum value out of their IT investments," Christian Klein, CEO and member of the executive board of SAP, said in the release. SAP plans to acquire WalkMe to add that company's digital adoption platforms (DAPs) and expand its own solutions that help customers on their digital transformation journeys. The two companies entered into a definitive agreement for ...

Key Takeaways German business software developer SAP (SAP) agreed to buy digital adoption platform provider WalkMe (WKME) for $1.5 billion in cash, in a deal set to boost SAP's artificial intelligence (AI) offerings. SAP announced Wednesday that the agreement would pay WalkMe investors $14 per share, a 45.2% premium to WalkMe's closing price Tuesday. WalkMe shares skyrocketed in intraday trading Wednesday, almost reaching the offer price level after the announcement. How WalkMe Will Add to SAP Offerings Tel ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Dan Adika, CEO of Israel-based WalkMe, added that the deal would provide the software-as-service company with the resources and customer base necessary to expand its market reach—pointing to "substantial growth opportunities." The board members of German software company SAP stand behind the company logo at its headquarters in Wa ...

WalkMe was valued at less than $880 million at the close of the markets yesterday, and the offer of $14 per share represents a 45% premium. Enterprise software giant SAP is acquiring "digital adoption" platform providerWalkMe in an all-cash transaction worth $1.5 billion. This is a break story, refresh for updates. Founded out of San Francisco in 2011, companies use WalkMe's software to integrate on-screen product walkthroughs into their software, for instance to guide users through new features or to on-bo ...

WALLDORF, Germany, June 5, 2024 /PRNewswire/ -- SAP SE (NYSE: SAP) and WalkMe Ltd. (NASDAQ: WKME) announced today that the companies have entered into a definitive agreement under which SAP will acquire WalkMe, a leader in digital adoption platforms (DAPs). WalkMe's solutions help organizations navigate constant technology change by providing users with advanced guidance and automation features that enable them to execute workflows seamlessly across any number of applications. This results in higher adoptio ...

SAN FRANCISCO, June 4, 2024 /PRNewswire/ -- Docusign (NASDAQ: DOCU), a global leader in Intelligent Agreement Management, today announced the upcoming launch of its new Docusign Connector for SAP Ariba solutions – a new offering that automates workflows between Docusign CLM and SAP Ariba solutions to help businesses accelerate time to value and eliminate friction in source-to-pay agreement processes. Available globally starting in September, this new connector will be unveiled at SAP Sapphire events in Orla ...

AI-powered solutions help enterprises add intelligence to information throughout their SAP business processes WATERLOO, ON, June 3, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, today showcased a powerful suite of SAP custom solutions with generative AI to revolutionize information management within SAP processes. These new enhanced capabilities enable future knowledge workers using SAP to integrate, search, and apply archived information – while controlling long- term ...

LOS ANGELES, June 03, 2024 (GLOBE NEWSWIRE) -- FloQast, a Finance and Accounting Operations Platform provider created by accountants for accountants, announced today that it is certified by SAP as built on SAP Business Technology Platform (SAP BTP), SAP's platform for the Intelligent Enterprise. "FloQast's expanded integration with SAP S/4HANA now includes private cloud integration with SAP's Business Technology Platform – a game-changer for companies navigating ERP transitions," said Mike Whitmire, CPA, CE ...

Amazon Web Services expanded its partnership with enterprise application programming software firm SAP. The collaboration is designed to make it easier for customers to adopt the RISE with SAP solution on AWS, according to a Wednesday (May 29) press release. The tie-up is also expected to enhance the performance and efficiency of SAP workloads running in the cloud and integrate generative artificial intelligence into an enterprise's business-critical applications. "AWS was the first cloud provider certified ...