WalkMe Ltd. Ordinary Shares - WKME STOCK NEWS

WalkMe, a leading digital adoption solutions provider, has been recognized as the leader in generative AI capabilities within the Digital Adoption Platform (DAP) market. Recent industry analyst reports highlight WalkMe's position as the most comprehensive DAP solution for enterprises. The integration of generative AI, particularly WalkMe's creation of the first proactive contextual AI copilot, WalkMeX, has ushered in a new era for DAPs.

Key points:

• WalkMe is the only vendor meeting all vendor capabilities analyzed by Gartner in their Market Guide for Digital Adoption Platforms
• WalkMe's GenAI feature uses context sensitivity and 12 years of user behavior data to provide proactive suggestions
• SAP's $1.5 billion acquisition of WalkMe validates the company's essential role in the enterprise
• WalkMe continues to lead the DAP category into the AI transformation era

SAP SE has completed its acquisition of WalkMe , a digital adoption platform company, for an equity value of approximately US$1.5 billion. The deal offers WalkMe shareholders US$14.00 per share, representing a 45% premium to WalkMe's closing price on June 4, 2024. WalkMe's Nasdaq-listed shares will be suspended and delisted.

This acquisition aims to enhance SAP's offerings by integrating WalkMe's technology, which improves user experience and adoption across business software applications. Notably, WalkMe's AI capabilities will enhance SAP's copilot Joule with context-aware and proactive assistance, potentially boosting user productivity across workflows.

WalkMe (NASDAQ: WKME) has announced new capabilities in its Summer '24 product release, focusing on AI innovation. The company's WalkMeX, a context-aware copilot for cross-application workflows, has received four industry awards for AI innovation. New features include tools for building copilot experiences and on-demand AI chat for task automation.

WalkMeX combines general-purpose LLMs with WalkMe's proprietary DeepUI technology to provide context-aware assistance across the digital workplace. The Summer '24 release also includes enhancements to Workflow solutions, a New Content Manager for digital adoption content, and improvements to WalkMe Insights analytics.

WalkMe (NASDAQ:WKME) announced its Q2 2024 financial results, showing positive growth and improved profitability. Key highlights include:

- Subscription revenue increased 7% year-over-year to $65.7 million
- Total revenue grew 5% to $69.5 million
- Non-GAAP Operating Income of $4.9 million (7% of total revenues), compared to a loss in Q2 2023
- Free Cash Flow of $11.1 million (16% of total revenues), up from $5.2 million in Q2 2023
- Non-GAAP Gross Margin improved to 86%

The company also noted its pending acquisition by SAP, expected to close in 2024, subject to regulatory approvals and other conditions.

WalkMe's annual DAP Professionals Survey reveals the important role of Digital Adoption Platform (DAP) professionals in driving AI transformation and innovation. Key findings include:

- Nearly 60% of DAP professionals use AI in daily tasks
- Top AI use cases: Task Automation (29.4%), Streamlining Workflows (28.3%), Application Walkthroughs (21%)
- 38% of organizations have GenAI adoption, indicating growth opportunities
- DAP professionals in North America see rapid salary increases, with 68% earning above median
- Over 7,000 professionals list WalkMe on LinkedIn, a 169% increase since 2020

WalkMe is offering free certification exams through the Digital Adoption Institute. The company also announced the opening of nominations for the 2024 DAPP100, recognizing top DAP professionals across industries.

WalkMe, a leader in digital adoption solutions, announced the winners of its annual Realizer Awards at its flagship event, Realize, held on June 18, 2024. The awards honor companies and individuals who have excelled in leveraging technology for business transformation. ServiceNow won the Best Employee Experience award, while State Farm received the Transformational Business Impact award. Tom Cupit, from Aetna Clinical Services, was recognized as the Digital Adoption Professional of the Year. The awards highlight the significant ROI, improved employee productivity, and enhanced user experiences achieved through innovative use of WalkMe technology. For detailed information on winners and finalists, visit WalkMe's event page.

WalkMe (NASDAQ: WKME) disclosed results from a June 2024 survey of over 1,000 Americans, highlighting challenges in AI adoption at work. Key findings reveal that 91% of employees failed to use AI effectively on the first attempt, and only 15% consider themselves AI experts. Despite 54% using AI tools and 51% reporting manager encouragement, only 7% had extensive AI training. A striking 86% expressed a desire for AI tools to offer proactive guidance. WalkMe introduced WalkMeX, a contextual copilot, to address these challenges and democratize AI usage. Additionally, 41% use AI daily, and 84% see AI as important for career advancement.

WalkMe (NASDAQ: WKME) has launched WalkMeX, a contextual AI copilot designed for enterprise use. Announced on June 18, 2024, WalkMeX aims to democratize AI usage across all employee levels, enhancing productivity without the need for app-switching or extensive user input. WalkMeX uses deep contextual understanding to provide proactive AI assistance within any application workflow. CEO Dan Adika highlighted its integration with WalkMe's patented AI technology, DeepUI. The copilot offers a universal, always-on AI experience that is contextual, proactive, accessible, and actionable, significantly boosting efficiency and accuracy in tasks. WalkMeX builds on WalkMe’s Digital Adoption Platform, allowing customization with DAP analytics for managing adoption and results. Key endorsements came from Deloitte, KPMG, and Cisco, emphasizing WalkMeX's potential in accelerating digital transformation and effective generative AI adoption.

SAP SE (NYSE: SAP) will acquire WalkMe (NASDAQ: WKME) for $14.00 per share in an all-cash transaction valued at approximately $1.5 billion. This acquisition, approved by both companies' boards, represents a 45% premium over WalkMe's closing share price on June 4, 2024. WalkMe's digital adoption platforms (DAPs) boost software use through advanced guidance and automation, enhancing enterprise productivity. The acquisition will strengthen SAP's Business Transformation Management portfolio, including SAP Signavio and SAP LeanIX solutions. WalkMe will continue supporting non-SAP applications and plans to launch WalkMeX copilot, leveraging AI for workflow optimization. The transaction, subject to regulatory clearances and shareholder approval, is expected to close in Q3 2024 and will have an immaterial impact on SAP's non-IFRS earnings per share for fiscal 2024.