On June 5, 2024, SAP entered into a definitive agreement to acquire WalkMe Ltd., a leader in digital adoption platform (DAPs) for US $14.00 per share in an all-cash transaction, representing an equity value of approximately US $1.5 billion.
How does this help SAP? WalkMe helps users with advanced guidance and automation features that enable them to execute workflows seamlessly across any number of applications resulting in higher adoption of the underlying application. WalkMe complements SAP’s Business Transformation Management portfolio around SAP Signavio and SAP LeanIX solutions to help customers on their transformation journeys. With this acquisition SAP is doubling down on the support they provide their end users, helping them to quickly adopt new solutions and features to get the maximum value out of their SAP investments.
What’s in it for WalkMe? This acquisition provides WalkMe with the resources and customer base necessary to enhance their product offerings and expand their market reach. It also unlocks substantial growth opportunities and deliver even greater value to their customers. WalkMe DAP works on top of an organization’s application landscape, detects where people encounter friction and provides the tailored support and automation they need to complete the job to be done, right in the flow of work, across any application. It is critical to note that WalkMe will continue to fully support non-SAP applications post-acquisition.
Enter WalkMeX copilot. WalkMe will also launch the WalkMeX copilot, which will use WalkMe’s contextual awareness and AI to suggest the best next step for any workflow. WalkMeX has the capability to always be on, serving as an overlay to any application, including copilots from different vendors that companies use in their landscapes. Integrating the strength of WalkMe’s adoption capabilities with SAP’s copilot Joule will boost AI assistant and productivity gains for all SAP customers. Additionally, integrating distinctive e-learning features in the SAP Enable Now solution with WalkMe will form the center of SAP’s people-centric transformation approach.
Additionally, on June 11, 2024, IFS entered into a definitive agreement to acquire Copperleaf Technologies Inc for US $12.00 in cash per share, representing a total equity value of approximately US $1.0 billion.
How does this help IFS? IFS is a strong player in the ERP (enterprise resource planning), FSM (field service management) and EAM (enterprise asset management) world. This acquisition expands IFS customer value through Copperleaf’s Advanced Decision Analytics Software for Asset-Intensive Industries and IFS’s position in Enterprise Asset Management. As the most advanced provider of AI-powered enterprise asset investment planning and management software, Copperleaf offers compelling capabilities that add further depth to IFS’s position as the foremost global enterprise application software provider for asset and service centric industries.
What’s in it for Copperleaf? The combination of Copperleaf and IFS is very complementary, offering organizations an unparalleled breadth and depth of software capabilities. Over two trillion dollars of physical and digital assets around the world are managed using Copperleaf software, which provides data and insights to help customers optimize decisions on where and when to invest in their business. This acquisition allows Copperleaf to enter their next phase of growth as part of IFS enabling them to accelerate even faster and offer customers even greater capabilities.
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