SAP AG of Germany has acquired US-based no-code development platform AppGyver Inc., enhancing its portfolio with professional-grade automation and app creation tools.

AcquirerSAP AG (Germany)
TargetAppGyver Inc. (US)
ValueUndisclosed
TypeAcquisition
Closing DateFebruary 15, 2021
Announcement DateFebruary 15, 2021

Deal Mechanics

The acquisition aims to integrate AppGyver's no-code platform into SAP's broader ecosystem of enterprise software and solutions. With a focus on simplifying app development for businesses of all sizes, the move positions SAP to cater more effectively to digital transformation initiatives that require rapid application creation without extensive coding knowledge.

Strategic Rationale

SAP is expanding its reach into the growing no-code market by acquiring AppGyver. The technology enables users to build custom applications quickly and efficiently, reducing time-to-market for software development projects within SAP's customer base.

Financial Context

No specific financial details were disclosed in relation to this acquisition. However, it is part of a broader strategy by SAP to leverage innovative technologies that drive operational efficiencies and accelerate the adoption of digital processes among enterprises.

Advisors

The deal did not involve public disclosure of financial or legal advisors for either side involved.

Outlook

SAP's acquisition of AppGyver underscores its commitment to staying ahead in the evolving landscape of digital solutions. The company expects to leverage this platform to support a wider range of clients seeking simplified app creation and deployment, thereby fostering innovation across various industries.