Europe’s largest software manufacturer SAP wants to take over the US service provider Taulia and thus expand the financial sector. How much the deal will cost, said top management on Thursday, January 27, 2022, in Walldorf the presentation of the business figures for 2021 not. CFO Luka Mucic only said that the price was below the billion mark. Taulia provides financial solutions that get suppliers paid very quickly, helping make supply chains more resilient.
The start-up, based in San Francisco, California, employs around 350 people, according to Mucic. At the end of 2021, SAP had more than 107,000 employees. The Walldorfer wanted to keep about 95 percent of Taulia. Another shareholder is the US bank JP Morgan. SAP sees itself as the world market leader in software for controlling companies.
During the online presentation, CEO Christian Klein and CFO Mucic confirmed key figures that were already published in the middle of the month. Accordingly, group sales rose last year by two percent to 27.84 billion euros. The bottom line is that net profit also grew by two percent to 5.38 billion euros.
“2021 was a record year for SAP,” summarized Klein. Many customers have switched to so-called cloud software – i.e. to programs for use over the network. “We are confident that cloud revenues will accelerate,” said the CEO, looking ahead to the new year. According to additional information, SAP is also concerned with not being left behind in the market for business software. Subscription cloud software for use over the network is considered the future of the industry and is already standard in many areas.
The stock initially declined significantly in the stock market on Thursday, January 27, 2022, in the wake of a global sell-off in technology stocks. Klein announced that the Dax heavyweight would remember its founding 50 years ago. “We’re going to celebrate.” What that should look like in detail remained open at first. On April 1, 1972, five former IBM employees founded the company called Systemanalyse Programmentwicklung. (dpa/rw)