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