SAP is acquiring digital adoption platform WalkMe for a jaw-losing $1.5B

Today time, SAP presented it has signed a definitive agreement to rep WalkMe, an Israeli multinational company providing enterprises with a digital adoption platform or DAP.

Under the phrases of the agreement, the all-money deal will see SAP paying $1.5 billion at $14 per share to WalkMe, marking a 45% top rate on the company’s June 4 closing trace of $9.64. The transfer will enable SAP to bolster its Change Transformation Administration suite and whisk up the adoption of digital solutions for customers — this can strive to retract their productivity and ROI.

“Capabilities, processes, files and participants are the four key parts of a winning swap transformation. By acquiring WalkMe, we’re doubling down on the abet we offer our stop customers, serving to them to immediate undertake novel solutions and aspects to fetch doubtlessly the most worth out of their IT investments,” Christian Klein, CEO of SAP, said in a press initiating.

This comes as the third predominant acquisition from SAP to whisk up swap transformation efforts after Signavio and LeanIX. 

What does WalkMe bring to SAP?

Based in 2011, WalkMe started as an answer providing exact-time, on-display conceal conceal steering to simplify web boom navigation. Over time, and after multiple acquisitions, the company transformed into the provider of a elephantine-fledged “digital adoption platform” that enables enterprises to navigate fixed technology swap with custom-made steering to customers, workflow automations and AI-powered insights.

Basically, the DAP sits on high of the entire capabilities a company has in its tech stack and overlays custom-made steering, nudges and automations to help customers kill the these receive of providers. This could be anything from serving to them navigate an app to addressing friction aspects fancy signal-up errors. 

For customers, every little thing occurs correct in the float of labor. Admins, meanwhile, fetch AI-powered insights into the interaction across the entire providers, along side particulars on the place customers are going by technique of problems. This allows them to energy downstream workflow automations and steering, thereby accelerating digital transformations and better realizing the worth of their application investments. Closing month, the company furthermore expanded its offering with WalkMeX, an continuously-on copilot that provides customers with the excellent subsequent steps for any workflow, in any app, using the contextual files and intelligence the platform has.

While WalkMe has been working with SAP for rather a whereas, with its DAP powering SAP SuccessFactors HCM workflows, the acquisition will see the German big using the technology as an add-on to its Change Transformation Administration portfolio, aimed against serving to organizations navigate and attain their digital transformation journeys. 

Previously, the company acquired two varied tech vendors to whisk up endeavor modernization efforts. One became once Signavio, a swap course of automation platform, and the varied became once LeanIX, which makes spend of a files-pushed and computerized means to visualize endeavor application architecture and flag any capabilities that will grow to be extinct and threaten the swap. WalkMe is anticipated to complement these choices.

To boot to, the technology from the company is furthermore anticipated to energy varied SAP capabilities, along side S/4 HANA ERP swap suite. Dan Adika, CEO of WalkMe, even shared a demo video showcasing how the offering could energy S/4 HANA and provide customers nudges to kill varied jobs on the appliance, fancy organising an invoice affirm. The WalkMeX copilot will furthermore kill its choice to SAP by technique of an integration with the company’s Joule gen AI assistant.

The deal remains arena to passe closing cases, along side approval from WalkMe’s existing shareholders, and is anticipated to be closed by the third quarter of 2024.