Software giant SAP announced the acquisition of digital adoption platform WalkMe for $1.5 billion in cash. WalkMe, an Israel-based software company, collects and analyzes data on employee app usage. The deal is seen as a move to enhance SAP's process and workflow automation efforts. WalkMe's only competitor is the homegrown SaaS startup Whatfix, backed by Peak XV, Stellaris, and Helion.
In Orlando last week at @SAP #Sapphire2024, @jonerp heard about its intentions to acquire WalkMe for $1.5 billion. Here's his early and unvarnished take on the surprise announcement: https://t.co/IVfXbfdl7X https://t.co/ENdfSTEiUa
SAP Sapphire 2024 - why does SAP plan to acquire WalkMe? An early unvarnished take - by @jonerp https://t.co/PmuVLl0nyR (via @jonerp) https://t.co/0aW3e1N6In
SAP to acquire WalkMe in all-cash deal valued at about $1.5 billion https://t.co/8QBDiwYAVe
SAP acquires application usability specialist WalkMe for $1.5B https://t.co/L0LInNGuUC
Good outcome for WalkMe. As a public company they were struggling to grow and had a sub-scale market cap (~$850M). We will likely see more of this happen. Interesting that SAP is paying a 45% premium. https://t.co/YRnFvA9e1s via @techcrunch
SAP is acquiring digital adoption platform WalkMe for a jaw-dropping $1.5B: While WalkMe has been working with SAP for quite some time, the acquisition will see the German giant using the technology as an add-on to its Business… https://t.co/zoX7IfGGSn #AI #Automation
SAP is acquiring digital adoption platform WalkMe for a jaw-dropping $1.5B https://t.co/SU6emGPyhf
A big win for Walkme. Great team but growth has been tough since IPO https://t.co/I0JXYYO1TX
40% premium for WalkMe…Qatalyst still has it
Walkme is a really bizarre deal
SAP to acquire digital adoption platform WalkMe for $1.5B https://t.co/fehGzM7Wdb via @techcrunch
.@SAP acquires @WalkMe for $1.5 billion https://t.co/Pv8Fve5stB SAP said it will acquire WalkMe in a deal valued at $1.5 billion in a move that could make implementations easier and complement its process and workflow automation efforts.
SAP will acquire WalkMe, an Israel-based software company that collects and analyzes data about how employees use apps https://t.co/bA4sF6FOQT
🚨🚨 ICYMI Software giant SAP today said it is acquiring digital adoption platform WalkMe, $1.5 bn cash Super interesting given that the only competitior that the Israel-origin company has is homegrown SaaS startup @Whatfix, backed by Peak XV, Stellaris and Helion @ETtech