SAP acquires LeanIX to focus on AI-assisted IT modernization

ERP leader SAP has announced plans to acquire German startup LeanIX, a company that provides businesses with a comprehensive view of their software usage. The deal, reportedly worth over $1 billion, is set to close in Q4 2023 and will expand SAP's digital transformation suite, aimed at accelerating modernization for enterprise customers. LeanIX, which has a strong international presence and has raised nearly $120 million in funding, will continue to serve non-SAP landscapes.

LeanIX's data-driven approach helps enterprises visualize their software architecture and identify any applications that may become obsolete. The company's offerings, including a generative AI assistant, will be integrated into SAP’s transformation suite. The combined platform will provide customers with an integrated view of IT applications and business processes, enabling continuous adaptability and improvement. The acquisition will also lay the foundation for AI-enabled modernization, although the specifics of this are yet to be determined.

Key takeaways

SAP has announced its decision to acquire LeanIX, a German startup that provides enterprises with a comprehensive view of their software usage.
The acquisition, which is expected to close in Q4 2023, is part of SAP's broader digital transformation suite aimed at accelerating modernization for enterprise customers.
LeanIX's capabilities will be integrated into SAP’s comprehensive transformation suite, providing customers with an integrated view of IT applications and business processes.
LeanIX, which has a strong international presence and has raised close to $120 million in funding, will continue to serve non-SAP landscapes.

SAP acquires LeanIX to focus on AI-assisted IT modernization

Key takeaways

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