Deals
SAP to Buy Israeli Software Firm WalkMe for $1.5 Billion
- Software-as-a-service market has struggled with boom in AI
- WalkMe was valued at $2.6 billion when it went public in 2021
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SAP SE will acquire WalkMe Ltd., an Israel-based software company that collects and analyzes data about how employees use apps, in an all-cash transaction with an equity value of about $1.5 billion.
The boards approved the deal for $14 per share, representing a premium of 45% to WalkMe’s closing price on Tuesday, the companies said in a joint statement Wednesday.