SAP to acquire workforce data firm TechWolf
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
Oct 6 : German software company SAP said on Tuesday it had agreed to buy TechWolf, a Belgian company that analyses workforce data to map employees' skills and tasks, for an undisclosed sum.
The deal gives SAP a view of its customers' workforces that its own HR software lacks, at a time when companies reorganise around AI and need to know which skills they have and which they are losing.
• SAP expects to close the acquisition in the fourth quarter, subject to regulatory approval
• It plans to make TechWolf the core of its workforce software for planning hiring, retraining and reorganisation
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Show More
Show Less
• TechWolf will stay independent under CEO Andreas De Neve, keep its Ghent headquarters and continue to serve non-SAP customers
• The head of SAP's autonomous software division, Manoj Swaminathan, said TechWolf's data will make SAP's AI assistant cheaper to run and better at answering questions
• SAP said the two companies already share customers, but named none and gave no figures
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app