SAP Completes Acquisition of Taulia
WALLDORF, Germany — March 10, 2022 — SAP SE (NYSE: SAP) today announced it has completed the acquisition of a majority stake of Taulia, a leading provider of working capital management solutions. J.P. Morgan will continue to maintain its equity stake in the fintech.
“With Taulia now an official part of our solution portfolio, we can help companies gain financial flexibility and stability and contribute to making supply chains more resilient,” said Luka Mucic, CFO of SAP. The acquisition further expands SAP’s Business Network and strengthens SAP’s solutions for the CFO office. Taulia’s solutions will both be tightly integrated into SAP as well as continue to be available standalone. Taulia will operate as an independent company with its own brand in the SAP Group.
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SAP’s strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
Taulia is a fintech provider of working capital management solutions headquartered in San Francisco, California. Taulia helps companies access value tied up in their payables, receivables and inventory. A network of more than two million businesses use Taulia’s platform to determine when they want to pay and be paid. Having built their presence up since 2009, Taulia is one of the early movers in the area of working capital management and supply chain finance and processes more than $500 billion each year. Taulia is privately held and sponsored by investors such as Trinity Ventures, Matrix Partners and Zouk Capital. SAP’s former CEO Léo Apotheker currently serves as independent director and holds Taulia shares. For more information, visit www.taulia.com.
About SAP Fioneer
SAP Fioneer was launched in 2021 as a joint venture between global technology leader SAP and entrepreneurial investor Dediq to become the world’s leading provider of financial services software solutions and platforms. Counting over 800 customers, SAP Fioneer is a global business with 1,000 employees in 17 offices across 14 countries, a strong presence in Europe, North and Latin America, Middle East and Asia-Pacific with a broad ecosystem of partners.
By combining the speed and agility of a start-up with the proven capabilities of a best-in-class software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end.
For more information, visit www.https://www.sapfioneer.com/. Follow SAP Fioneer on Twitter and on LinkedIn.
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