SAP SE (SAP) is facing an intensified investigation by U.S. prosecutors for possible price-fixing alongside Carahsoft Technology Corp. The investigation now includes their work with almost 100 government agencies, as revealed in a Bloomberg report. Citing federal court records filed in Baltimore, Bloomberg added the Justice Department has issued a legal demand to Carahsoft for documents related to its dealings with 94 civilian government agencies relating to SAP products. Earlier, Carahsoft refused to provi ...

SAP SE's (SAP) shares have been performing well on the trading front, with a gain of 14.9% in the past six months. The stock has outperformed its sub-industry, Zacks Computer and Technology sector and the S&P 500 composite's growth of 1%, 10.5% and 9.6%, respectively. SAP stock's good run on the trading front can be attributed to the sustained momentum in the cloud business, which is aiding the top-line performance. Image Source: Zacks Investment Research SAP stock closed the last trading session at $220.47 ...

SAP SE (SAP) has joined forces with Ambipar to launch Net Zero as a Service, aimed at addressing climate change. This initiative integrates SAP's powerful cloud solutions with Ambipar's extensive expertise in carbon credit generation and trading, helping customers effectively track and mitigate their carbon emissions. With Net Zero as a Service and its alliance with Ambipar, SAP is enhancing its dedication to offering holistic sustainability management solutions, enabling customers to prepare for the future ...

Core Insights - NNIT has signed a significant strategic contract with ATP for the delivery of their critical SAP Debtor system, which is essential for managing public benefits in Denmark [1][3] - The contract is valued at DKK 240 million, with an initial duration of six years and options for two additional two-year extensions [2] - This project aligns with NNIT's strategic focus on public digitalization and aims to modernize SAP systems, enhancing their long-standing relationship with ATP [3] Financial Implications - The new contract does not affect NNIT's financial guidance for the full year of 2024 [4] Company Overview - NNIT is a leading provider of IT solutions, focusing on high complexity industries, particularly in life sciences and public sectors [4][5] - The company employs over 1,700 people across Europe, Asia, and the USA, and emphasizes building sustainable digital solutions tailored to business needs [5][6]

NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of SAP SE ("SAP" or "the Company") (NYSE: SAP). Investors who purchased SAP securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SAP. Investigation Details On September 25, 2024, Bloomberg News reported that the U.S. Department of Justice was investigating SAP and other compan ...

SAP SE (SAP) , along with Carahsoft Technologies, is being investigated by U.S. officials for conspiring to overcharge government agencies, according to a Bloomberg report. Following this development, shares of SAP fell 3.3% and closed yesterday's trading session at $223.29. Citing federal court records filed in Baltimore, Bloomberg added that since 2022, the Department of Justice's ("DOJ") attorneys have been investigating whether SAP colluded with Carahsoft to fix prices on sales to the military and other ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Key Takeaways Shares of German technology firm SAP listed in the U.S. fell Wednesday morning following reports the company is being investigated for potentially overcharging the U.S. government. U.S. regulators are looking into whether SAP and other companies may have conspired with Carahsoft, which sells IT hardware, software, and consulting services, to illegally fix prices. The Department of Justice is suing Carahsoft to obtain communications related to the sale of SAP software and hardware. U.S.-listed ...

SAP SE (SAP) has acquired WalkMe Ltd. for approximately $1.5 billion. This deal represents an approximate 45% premium to WalkMe's closing share price on June 4, 2024, the day when SAP and WalkMe agreed to the binding terms of the acquisition. Following the acquisition, each ordinary and outstanding share of WalkMe has been converted into the right for shareholders to receive $14.00 per share in cash, subject to adjustments. The completion of the acquisition has been officially reported to the Nasdaq stock m ...

WALLDORF, Sept. 12, 2024 (GLOBE NEWSWIRE) -- SAP SE (NYSE: SAP) today announced it has successfully completed its acquisition of WalkMe Ltd., a leading digital adoption platform company listed on the Nasdaq Global Select Market (NASDAQ: WKME). WalkMe's innovative technology enables seamless workflow execution across business software applications, improving user experience and adoption and supporting business transformation. WalkeMeX's AI capabilities will supercharge SAP's copilot Joule with context-aware ...