SAP Agrees to Acquire TechWolf
German software maker SAP has agreed to buy Belgian workforce data analytics firm TechWolf to enhance its HR software and artificial intelligence capabilities. The acquisition is expected to close in the fourth quarter pending regulatory approval.
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SAP SE agreed to acquire TechWolf, a Belgium-based workforce data firm, for an undisclosed sum on Tuesday morning. The deal expands the Germany-based software maker's HR capabilities as corporate clients restructure around AI tools. Integrating TechWolf's skills-mapping technology will lower operating costs for SAP's AI assistant, according to management.
