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SAP to acquire workforce data firm TechWolf

SAP to acquire workforce data firm TechWolf
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SAP to acquire workforce data firm TechWolf Oct 6 : German software company SAP said on Tuesday it had agreed to buy TechWolf, a Belgian company that analyses workforce data to map employees' skills and tasks, for an undisclosed sum. The deal gives SAP a view of its customers' workforces that its own HR software lacks, at a time when companies reorganise around AI and need to know which skills they have and which they are losing. • SAP expects to close the acquisition in the fourth quarter,...

SAP to acquire workforce data firm TechWolf Oct 6 : German software company SAP said on Tuesday it had agreed to buy TechWolf, a Belgian company that analyses workforce data to map employees' skills and tasks, for an undisclosed sum. The deal gives SAP a view of its customers' workforces that its own HR software lacks, at a time when companies reorganise around AI and need to know which skills they have and which they are losing. • SAP expects to close the acquisition in the fourth quarter, subject to regulatory approval • It plans to make TechWolf the core of its workforce software for planning hiring, retraining and reorganisation • TechWolf will stay independent under CEO Andreas De Neve, keep its Ghent headquarters and continue to serve non-SAP customers • The head of SAP's autonomous software division, Manoj Swaminathan, said TechWolf's data will make SAP's AI assistant cheaper to run and better at answering questions • SAP said the two companies already share customers, but named none and gave no figures
SAP (ORG) TechWolf SAP (ORG) TechWolf Oct 6 (ORG) German (ORG) TechWolf (ORG) Belgian (ORG) AI (ORG) Andreas De Neve (PERSON) Ghent (LOCATION) Manoj Swaminathan (PERSON)
Originally published by Channel News Asia Read original →