Deals
SAP Agrees to Acquire Fieldglass in Cloud-Computing Push
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SAP AG agreed to acquire Fieldglass, a U.S. software supplier that specializes in managing contract workforces, furthering the German company’s push into Internet-based applications.
Fieldglass, whose programs help businesses oversee contract employees and projects, would complement earlier acquisitions of personnel software supplier SuccessFactors Inc. and online marketplace Ariba Inc., Walldorf, Germany-based SAP said today. Closely-held Fieldglass in 2010 received an investment from private-equity firm Madison Dearborn Partners LLC valuing the Chicago-based company at more than $220 million.