Deals

SAP Makes Biggest Deal Since 2014, CEO Backs Trump's Tax Plan

Europe’s largest software firm agrees to buy Callidus
SAP CEO McDermott says Trump’s tax plan helps investments

Callidus was too good to pass up, SAP CEO Bill McDermott tells Bloomberg.Markets: European Open." (Source: Bloomberg)

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By Stefan Nicola

January 30, 2018 at 5:04 AM UTC

Updated on

January 30, 2018 at 8:56 AM UTC

This article is for subscribers only.

SAP SE Chief Executive Officer Bill McDermott has backed U.S. President Donald Trump’s tax plan, and revealed a $2.4 billion deal for Callidus Software Inc., its biggest acquisition in more than three years.

SAP said Tuesday it will pay $36 a share for Dublin, California-based Callidus, known as CallidusCloud, to give Europe’s biggest software company access to new sales analytic and customer engagement tools.