SAP - SAP will acquire LeanIX an architecture management software

2023-09-07 03:41:03 ET

SAP SE ( NYSE: SAP ) will buy LeanIX, an architecture management software provider, expanding its business transformation portfolio and facilitating AI-enabled process optimization.

LeanIX, a privately held company, has been a strategic partner of SAP and for SAP Signavio solutions for 10 years.

LeanIX complements the transformation capabilities of SAP Signavio solutions and will give SAP customers the unique clarity on IT landscapes that they need to reap the full benefit of business transformation.

Transaction closing is expected to occur in Q4 2023.

Christian Klein, CEO and member of the executive board of SAP SE, commented, "Together with LeanIX, we want to offer a first-of-its-kind transformation suite to provide holistic support to our customers on their business transformation journeys." He added, "...we'll embed generative AI to offer self-optimizing applications and processes that can help businesses achieve key goals such as maximizing cash flow while minimizing their environmental impact."

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