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SAP buys software management company LeanIX
  + stars: | 2023-09-07 | by ( ) www.reuters.com   time to read: 1 min
A logo on the SAP exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSTOCKHOLM, Sept 7 (Reuters) - German business software maker SAP (SAPG.DE) on Thursday said it has bought software management company LeanIX from investors to boost its business transformation portfolio. LeanIX investors include Insight Partners, Deutsche Telekom Capital Partners, Capnamic Ventures, Iris Capital, Goldman Sachs and Dawn CapitalThe transaction is expected to close in the fourth quarter. Terms of the deal were not disclosed. Reporting by Supantha Mukherjee in Stockholm, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.
Persons: Benoit Tessier, Iris Capital, Goldman Sachs, Supantha Mukherjee, Terje Solsvik Organizations: Viva Technology, Porte de, REUTERS, Rights, SAP, Insight Partners, Deutsche Telekom Capital Partners, Capnamic Ventures, Iris, Dawn, Thomson Locations: Porte, Paris, France, Rights STOCKHOLM, Stockholm
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Starboard has had a notable track record with web applications companies going back to 2004 with their 13D investment in Register.com. Starboard has extensive experience in helping companies optimize growth and margins, typically from a board level. There is one other similarity between Wix and many other Starboard activist positions. Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and he is the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist 13D investments.
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