Transform 2024 returns this July! Over 400 enterprise leaders will gather in San Francisco from July 9-11 to dive into the advancement of GenAI strategies and engaging in thought-provoking discussions within the community. Find out how you can attend here.
Today, SAP announced it has signed a definitive agreement to acquire WalkMe, an Israeli multinational company providing enterprises with a digital adoption platform or DAP.
Under the terms of the agreement, the all-cash deal will see SAP paying $1.5 billion at $14 per share to WalkMe, marking a 45% premium on the company’s June 4 closing price of $9.64. The move will enable SAP to bolster its Business Transformation Management suite and accelerate the adoption of digital solutions for customers — this will attempt to boost their productivity and ROI.
“Applications, processes, data and people are the four key elements of a successful business transformation. 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 of SAP, said in a press release.
This comes as the third major acquisition from SAP to accelerate business transformation efforts after Signavio and LeanIX.
Transform 2024 Registration is Open
Join enterprise leaders in San Francisco from July 9 to 11 for an exclusive AI event. Connect with peers, explore the opportunities and challenges of Generative AI, and learn how to integrate AI applications into your industry. Register Now
What does WalkMe bring to SAP?
Founded in 2011, WalkMe started as a solution providing real-time, on-screen guidance to simplify website navigation. Over the years, and after multiple acquisitions, the company transformed into the provider of a full-fledged “digital adoption platform” that enables enterprises to navigate constant technology change with personal …
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Transform 2024 returns this July! Over 400 enterprise leaders will gather in San Francisco from July 9-11 to dive into the advancement of GenAI strategies and engaging in thought-provoking discussions within the community. Find out how you can attend here.
Today, SAP announced it has signed a definitive agreement to acquire WalkMe, an Israeli multinational company providing enterprises with a digital adoption platform or DAP.
Under the terms of the agreement, the all-cash deal will see SAP paying $1.5 billion at $14 per share to WalkMe, marking a 45% premium on the company’s June 4 closing price of $9.64. The move will enable SAP to bolster its Business Transformation Management suite and accelerate the adoption of digital solutions for customers — this will attempt to boost their productivity and ROI.
“Applications, processes, data and people are the four key elements of a successful business transformation. 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 of SAP, said in a press release.
This comes as the third major acquisition from SAP to accelerate business transformation efforts after Signavio and LeanIX.
Transform 2024 Registration is Open
Join enterprise leaders in San Francisco from July 9 to 11 for an exclusive AI event. Connect with peers, explore the opportunities and challenges of Generative AI, and learn how to integrate AI applications into your industry. Register Now
What does WalkMe bring to SAP?
Founded in 2011, WalkMe started as a solution providing real-time, on-screen guidance to simplify website navigation. Over the years, and after multiple acquisitions, the company transformed into the provider of a full-fledged “digital adoption platform” that enables enterprises to navigate constant technology change with personal …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]