SAP Helps Customers In Driving Business Transformation With LeanIX Buyout

SAP SE SAP penned a deal to acquire privately-held LeanIX, an enterprise architecture management (EAM) software provider, for an undisclosed term. 

The acquisition is expected to boost SAP's business transformation portfolio, offering customers access to comprehensive tools for continued business transformation and enabling AI-enabled process optimization. 

LeanIX complements SAP's Signavio solutions and is poised to offer SAP customers clarity on IT landscapes for business transformation. 

Notably, LeanIX has been a strategic partner of SAP and for SAP Signavio solutions for ten years.

The transaction is expected to close in Q4 2023, subject to customary closing conditions and regulatory approvals.

"Systems and processes go hand in hand. Together with LeanIX, we want to offer a first-of-its-kind transformation suite to provide holistic support to our customers on their business transformation journeys. Building on our decades of expertise, we'll embed generative AI to offer self-optimizing applications and processes that can help businesses achieve key goals such as maximizing cash flow while minimizing their environmental impact," said Christian Klein, CEO and Member of the Executive Board of SAP.

As of June 30, SAP held €14.1 billion in cash and equivalents. 

Price Action: SAP shares are trading higher by 0.45% at $139.37 premarket on the last check Thursday.