SAP announced today its intent to acquire datango AG, which provides workforce performance support software. SAP intends to acquire both the software and the company's assets.
SAP aims to use the acquisition to bolster its education-related offerings.
"The workforce performance tools market has become increasingly strategic and critical to our customers' success, and datango is a proven leader in this space," said Markus Schwarz, SVP and global head of SAP Education. "By having its own product in this market, SAP can now deliver and accelerate innovations and produce robust content for our customers in the future."
In an overview of the deal (pdf), datango says:
Certain datango employees related to this business are expected to join SAP following the completion of the transaction. datango will retain employees related to its KPS business (acquired from Enlight AB in 2007) and additional employees required to support and service existing client and partner agreements for the datango performance suite solution. The acquisition follows a successful partnership between datango and SAP in support of SAP’s Business ByDesign product.
Until closing, the datango business remains unchanged and continues as usual. You should expect to receive the same level of professional, courteous and knowledgeable assistance as you have always received from datango.
The deal, while subject to regulatory approvals, is expected to close by the end of the quarter. Terms were not disclosed.