Dremio
2026
Why
Announced in May 2026 and completed in July 2026, the Dremio deal is meant to make SAP Business Data Cloud an Apache Iceberg-native lakehouse that unifies SAP and non-SAP data for AI agents. Terms were not disclosed.
SAP SE
Enterprise softwareFounded 1972- HQ today: Walldorf, Germany
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
SAP Acquisitions
8
Major Deals Covered
$21.2B
Disclosed Deal Value
What are SAP's biggest acquisitions?
SAP's largest disclosed acquisition here is Concur Technologies for $8.3B in 2014. This page covers 8 major deals from 2008 to 2026, each with its price where disclosed and the reason behind it.
- Major deals covered
- 8
- Largest deal
- Concur Technologies ($8.3B)
- First deal
- 2008
- Most recent
- 2026
| Company | Year | Price | Purpose |
|---|---|---|---|
| SuccessFactors | 2012 | $3.4B | SAP agreed in December 2011 to buy cloud HR software company SuccessFactors for about $3.4 billion and closed the deal in February 2012, gaining a cloud human capital management product to compete with Workday. |
| Concur Technologies | 2014 | $8.3B | SAP bought Concur, the leading travel and expense management software provider, for about $8.3 billion to expand its cloud business and its network of business-spend services. It was SAP's largest software-as-a-service acquisition at the time. |
| Qualtrics | 2019 | $8.0B | SAP bought experience management company Qualtrics for about $8 billion in early 2019, shortly before Qualtrics' planned IPO, to link customer and employee sentiment data with operational data. |
| WalkMe | 2024 | $1.5B | SAP bought digital adoption platform WalkMe for about $1.5 billion to add in-app guidance and workflow automation across SAP and non-SAP applications. |
| Dremio | 2026 | Undisclosed | Announced in May 2026 and completed in July 2026, the Dremio deal is meant to make SAP Business Data Cloud an Apache Iceberg-native lakehouse that unifies SAP and non-SAP data for AI agents. Terms were not disclosed. |
| Prior Labs | 2026 | Undisclosed | SAP acquired German start-up Prior Labs, a developer of tabular foundation models, to form a European frontier AI lab focused on structured business data. The deal closed in July 2026; SAP said the purchase would dilute 2026 non-IFRS operating profit. |
| Business Objects | 2008 | Undisclosed | SAP SE acquired Business Objects in 2008. |
| Fieldglass | 2014 | Undisclosed | SAP SE acquired Fieldglass in 2014. |
- What companies has SAP bought?
- Major acquisitions by SAP documented here include Concur Technologies (2014), Qualtrics (2019), SuccessFactors (2012), WalkMe (2024) and Dremio (2026).
- What is SAP's most recent acquisition?
- The most recent SAP acquisition documented here is Dremio, in 2026.
Prior Labs
2026
Why
SAP acquired German start-up Prior Labs, a developer of tabular foundation models, to form a European frontier AI lab focused on structured business data. The deal closed in July 2026; SAP said the purchase would dilute 2026 non-IFRS operating profit.
WalkMe
2024
$1.5B
Why
SAP bought digital adoption platform WalkMe for about $1.5 billion to add in-app guidance and workflow automation across SAP and non-SAP applications.
Qualtrics
2019
$8.0B
Why
SAP bought experience management company Qualtrics for about $8 billion in early 2019, shortly before Qualtrics' planned IPO, to link customer and employee sentiment data with operational data.
Impact
SAP listed Qualtrics on Nasdaq in January 2021 while keeping a majority stake.
Outcome
In 2023 SAP sold its stake to Silver Lake and CPP Investments, refocusing on cloud ERP.
Concur Technologies
2014
$8.3B
Why
SAP bought Concur, the leading travel and expense management software provider, for about $8.3 billion to expand its cloud business and its network of business-spend services. It was SAP's largest software-as-a-service acquisition at the time.
Fieldglass
2014
Why
SAP SE acquired Fieldglass in 2014.
SuccessFactors
2012
$3.4B
Why
SAP agreed in December 2011 to buy cloud HR software company SuccessFactors for about $3.4 billion and closed the deal in February 2012, gaining a cloud human capital management product to compete with Workday.
Impact
SuccessFactors became SAP's HR cloud suite and an early base for its subscription business.
Outcome
SAP SuccessFactors remains SAP's core HR and payroll product line.
Business Objects
2008
Why
SAP SE acquired Business Objects in 2008.
SAP SE's Growth & Acquisition Strategy
SAP's growth strategy has three parts. First, migrate on-premise ERP customers to cloud through RISE with SAP for large enterprises and GROW with SAP for mid-market companies. Second, sell data and AI on top of that core: SAP Business Data Cloud, the Joule assistant and agents, and the Business AI platform. Third, use targeted acquisitions to fill gaps, including WalkMe in 2024 and Dremio and Prior Labs in 2026.
How SAP SE Makes Money
SAP earns most of its money from recurring fees. Cloud subscriptions (SaaS, PaaS and a small IaaS business) are now the largest line, led by the Cloud ERP Suite, which produced ~$6.21 billion (EUR 5.5 billion) of Q2 2026's ~$7.12 billion (EUR 6.3 billion) cloud revenue. Software support contracts on older on-premise licenses are the second pillar, but they are shrinking as customers migrate through RISE with SAP. New software license sales and professional services make up the remainder. A large partner ecosystem of system integrators such as Accenture, Deloitte and IBM handles much of the implementation work.
SAP Acquisitions FAQ
What was the largest software acquisition in SAP's history?
SAP's largest acquisition was travel and expense management cloud leader Concur Technologies, acquired in December 2014 for $8.3 billion in cash.
What was the acquisition of Ariba in 2012?
In October 2012, SAP acquired cloud-based B2B procurement network pioneer Ariba for $4.3 billion, creating the world's largest corporate procurement and supplier commerce network (SAP Ariba).
What was the acquisition of SuccessFactors in 2011?
In December 2011, SAP acquired cloud human capital management (HCM) pioneer SuccessFactors for $3.4 billion, accelerating SAP's cloud transition and bringing cloud talent to lead SAP SuccessFactors.
What was the acquisition and subsequent divestiture of Qualtrics?
SAP acquired experience management firm Qualtrics in January 2019 for $8.0 billion. In June 2023, under CEO Christian Klein, SAP successfully divested its controlling stake to Silver Lake and CPP Investments for $12.5 billion, netting $7.7 billion in cash.
What was the acquisition of Signavio in 2021?
In March 2021, SAP acquired business process intelligence and process-mining leader Signavio for approximately €1.0 billion, making its automated process modeling software a central component of the "RISE with SAP" offering.
What was the acquisition of LeanIX in 2023?
In November 2023, SAP acquired enterprise architecture management SaaS leader LeanIX for an estimated €1.2 billion, enabling CIOs to visually map corporate software landscapes and automate cloud modernization pipelines.
What was the acquisition of Hybris in 2013?
In 2013, SAP acquired enterprise omnichannel e-commerce platform Hybris, integrating its B2B and B2C digital storefront and catalog software into SAP Commerce Cloud.
What was the acquisition of Sybase in 2010?
In July 2010, SAP acquired enterprise database and mobile middleware leader Sybase for $5.8 billion, acquiring key database IP, in-memory expertise, and mobile enterprise capabilities that assisted in the early development of SAP HANA.
What was the acquisition of Business Objects in 2007?
In 2007, SAP acquired French business intelligence and analytics software pioneer Business Objects for €4.8 billion ($6.8B), marking SAP's first-ever multi-billion-dollar acquisition and establishing its modern analytics portfolio.
What was the acquisition of CallidusCloud in 2018?
In April 2018, SAP acquired sales performance management and configure-price-quote (CPQ) software provider CallidusCloud for $2.4 billion, integrating sales compensation tooling into SAP Customer Experience.
What is SAP's current M&A posture under CEO Christian Klein?
Christian Klein moved away from massive debt-fueled conglomerate buyouts, adopting a disciplined M&A posture focused strictly on targeted tuck-ins that enhance Business AI, process intelligence (Signavio), and enterprise architecture (LeanIX).
How does SAP evaluate build-versus-buy decisions in corporate development?
SAP builds core ERP, accounting, and supply chain applications natively on SAP S/4HANA, acquiring third-party companies only when external specialists provide immediate market leadership in adjacent software categories (travel/expense, procurement, process mining).
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