SAP SE has completed the acquisition of a majority stake of Taulia, a provider of working capital management solutions. J.P. Morgan will continue to maintain its equity stake in the fintech.
“With Taulia now an official part of our solution portfolio, we can help companies gain financial flexibility and stability and contribute to making supply chains more resilient,” said Luka Mucic, CFO of SAP.
The acquisition further expands SAP’s business network and strengthens SAP’s solutions for the CFO office. Taulia’s solutions will both be tightly integrated into SAP software as well as continue to be available standalone. Taulia will operate as an independent company with its own brand within the SAP Group.
SAP’s strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce.
The company’s machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises.
SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. The company is simplifying technology for companies so they can consume our software the way they want – without disruption.
Its end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives.
