Who or what is LeanIX?
SAP buys strategic partner LeanIX: LeanIX offers software-as-a-service (SaaS) for managing enterprise architecture and multi-cloud environments. This enables companies to make faster data-driven decisions within their IT. (Source: LeanIX)
In the broadest sense, Blissfully is also a tool that we have portrayed here.
A matching study comes from Airtable.
The most important thing in a nutshell:
The planned acquisition of LeanIX by SAP is expected to be completed in the fourth quarter of 2023. This is subject to legal conditions and regulatory approvals. SAP’s objective is to expand its business transformation portfolio and provide customers with access to a comprehensive suite for continuous business transformation.
With the integration of LeanIX, SAP is optimizing business processes with the help of artificial intelligence . LeanIX had been a strategic partner of SAP and SAP Signavio for 10 years prior to the purchase. The purchase would provide SAP with the opportunity to strengthen its enterprise architecture management (EAM) offering. The exact contractual details of the transaction are not yet public.
SAP buys strategic partner LeanIX – The deal in detail:
SAP plans to acquire LeanIX, a leader in enterprise architecture management (EAM).
The acquisition is expected to help SAP expand its business transformation portfolio, giving customers access to a comprehensive suite for continuous business transformation. This facilitates the optimization of business processes with the help of artificial intelligence.
SAP is expanding its portfolio by acquiring Bonn-based software start-up LeanIX. This cloud platform enables companies to gain semi-automated insight into their IT structures.
SAP’s largest acquisition in five years
Among the current investors who will benefit from this deal is Deutsche Telekom. This is the main investor in DTCP, which previously held 22 percent of the company’s shares. Other investors include Insight Partners, Goldman Sachs and Dawn Capital. So far, LeanIX has raised about $120 million in venture capital.
Another unicorn: valuation of 1. billion euros!
LeanIX is valued at close to €1.2 billion in this transaction, which is in line with usual market valuations. The company, which has grown steadily, plans to generate revenues of 100 million euros this year with nearly 600 employees. Both Deutsche Telekom and SAP had no official comment on the purchase price.
What were the acquisitions of SAP, among others?
Qualtrics: A leading provider of experience management software that SAP acquired in 2018 for $8 billion. Whereas Qualtrics has since been sold again.
CallidusCloud: A provider of cloud-based sales, marketing, learning and customer service solutions that SAP acquired in 2018 for $2.4 billion .
Concur Technologies: a provider of integrated travel and expense management solutions that SAP acquired in 2014 for $8.3 billion .
SuccessFactors: A provider of cloud-based human capital management solutions that SAP acquired in 2011 for $3.4 billion .