SAP SE announced it has successfully completed its acquisition of WalkMe Ltd., a leading digital adoption platform company listed on the Nasdaq Global Select Market. WalkMe’s innovative technology enables seamless workflow execution across business software applications, improving user experience and adoption and supporting business transformation. WalkeMeX’s AI capabilities will supercharge SAP’s copilot Joule with context-aware and proactive help across workflows, allowing users to become more productive.
As a result of the acquisition, each ordinary issued and outstanding share of WalkMe Ltd. has been converted into the right for its shareholders to receive US$14.00, subject to adjustment, per share in cash. The completion of the acquisition has been duly reported to the Nasdaq Stock Market, and trading of WalkMe’s ordinary shares is expected to be suspended at the close of market pending delisting. With an equity value of about US$1.5 billion, this represents an approximate 45% premium to WalkMe’s closing share price on June 4, 2024, the day SAP and WalkMe agreed to binding terms of the acquisition.
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WalkMe provides digital adoption solutions designed to help organizations implement and use software more effectively. Their platform offers tools for creating interactive guides, on-screen assistance, and analytics to facilitate user onboarding, training, and support. By leveraging WalkMe’s services, companies aim to improve user engagement, reduce training time, and enhance overall software adoption.
The SAP website provides information about SAP’s enterprise software solutions, including:
- ERP (Enterprise Resource Planning): Integrated software for managing business processes.
- CRM (Customer Relationship Management): Tools for managing customer interactions.
- Data Management and Analytics: Solutions for data integration and business intelligence.
- Cloud Services: Cloud-based applications and platforms for flexible business operations.
Source: GlobeNewsWire