Sap Se - SAP STOCK NEWS

SAP SE has agreed to sell its 423 million shares of Qualtrics International Inc. to Silver Lake and CPP Investments for US$18.15 per share, valuing Qualtrics at approximately US$12.5 billion. This sale represents a 73% premium over Qualtrics' 30-day average trading price prior to the announcement. The deal, which will net SAP around US$7.7 billion, is expected to close in the second half of 2023, pending regulatory approvals. Since SAP acquired Qualtrics in 2019, the company has tripled its revenue, now servicing over 18,000 brands. SAP intends to remain a partner to Qualtrics post-sale.

SAP SE (NYSE: SAP) announced the launch of SAP Datasphere, a new data management solution aimed at simplifying access to critical business data across various platforms. This innovation allows for seamless integration of SAP and non-SAP data, enhancing business decision-making and insights. Alongside this, SAP has formed strategic partnerships with industry leaders including Collibra, Confluent, Databricks, and DataRobot to enrich the SAP Datasphere platform. The solution aims to eliminate data silos and improve data governance and integration capabilities, positioning SAP Datasphere as a key player in the evolving data landscape.

SAP emphasizes the importance of social responsibility in business, noting that 88% of global supply chains are connected through its platform. This connectivity allows businesses to manage their social impact effectively, aiming for Zero Inequality. SAP provides tools for full visibility into social impact and facilitates compliance and ESG reporting. As a leader in enterprise application software, SAP supports various industries, enabling businesses to operate intelligently and sustainably. Their technology supports machine learning, IoT, and analytics to enhance operational efficiency.

SAP SE (NYSE: SAP) announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2022, with the U.S. SEC on March 2, 2023. The report is available online for investors. Additionally, the SAP Integrated Report 2022 has been released, highlighting the company's social, environmental, and financial performance, marking the 11th such report issued by SAP. PDF versions of both reports are accessible via SAP's Investor Relations website, and hard copies of the financial statements can be requested free of charge.

These documents include forward-looking statements, which carry inherent risks and uncertainties.

SAP recently hosted its Latin America Demo Day at the SAP.iO Foundries Sustainable Agriculture event, showcasing three startups that present innovative solutions aimed at enhancing crop quality, personalizing farming strategies, and optimizing soil management. These advancements are crucial for addressing the global challenge of sustainably feeding 9 billion people in the coming decades. According to Kange Kaneene, VP of SAP.iO Foundries for North and Latin America, collaboration among startups, venture capitalists, and SAP teams is essential for the success of these innovations.

SAP emphasizes the transformation of human resources (HR) to become value-driven and integrated with business operations. The company highlights key trends, including reimagined business processes that improve employee experiences, automated solutions that enhance productivity, and commitments to diversity, equity, inclusion, and belonging (DEI&B). SAP's technology aims to streamline HR functions, demonstrating the need for collaboration between HR and operations. The focus is on leveraging technology to create engaging work environments, ultimately leading to better results for organizations.