SAP CEO Christian Klein announced the acquisition of WalkMe at SAP Sapphire. Pic: SAP SAP aims to streamline digital adoption with its US$1.5bn purchase of WalkMe, signalling a significant shift in enterprise software strategy German enterprise software giant SAP has announced that it has successfully completed its acquisition of WalkMe , a leading digital adoption platform (DAP) provider. The deal, valued at approximately US$1.5 billion, represents a significant premium of about 45% to WalkMe’s closing share price on 4 June 2024, the day the two companies agreed to binding terms. The acquisition, first announced during SAP’s 2024 Sapphire event in Orlando, Florida , underscores SAP’s commitment to enhancing user experience and driving productivity across its vast ecosystem of enterprise applications. By integrating WalkMe’s innovative technology, which enables seamless workflow execution across business software applications, SAP aims to address one of the most persistent challenges in enterprise software: user adoption and engagement. Christian Klein, CEO and member of the Executive Board of SAP SE, emphasised the strategic importance of this acquisition: “Applications, processes, data and people are the four key elements of a successful business transformation,” he said at the time of the announcement. !By acquiring WalkMe, we are doubling […]
Click here to view original web page at technologymagazine.com
