SAP to Acquire DataSoft for $1.5B

SAP is acquiring DataSoft, a data management software and services provider, for $931 million.

DataSoft has more than 35 years of experience in the field of data and enterprise technology and is best known for its enterprise software solutions.

SAP said in a statement that it intends to invest in DataSoft and its technology and focus on its core business, data analytics.

“The acquisition of DataSoft enables us to accelerate the rapid adoption of our SAP Data and Enterprise Technology products across SAP’s portfolio and accelerate our continued evolution as a leader in cloud computing,” said SAP CEO John Donahoe.

“We are excited to be investing in this innovative company that will help us accelerate our ability to deliver the fastest, most agile and flexible data management and analysis solutions.”

The company, based in San Francisco, has grown into a data and analytics powerhouse in the enterprise with over 2,000 employees and a presence in more than 80 countries.

In addition to SAP, the transaction is expected to close in the second half of 2017.

DataSoftware was acquired by SAP in 2012.