German software giant SAP has boosted its cloud computing portfolio by buying US firm Fieldglass. Financial details of the deal were not disclosed.
Fieldglass, founded in 1999, specialises in providing contingent workforce management (CWM) tools to help firms manage temporary staff such as freelancers.
It has 350 staff members and boasts notable customers such as Johnson & Johnson, Rio Tinto, Salesforce and GlaxoSmithKline.
SAP’s co-chief executives Bill McDermott and Jim Hagemann Snabe, said the move was vital to help ensure the company can meet the needs of more flexible businesses.
“The acquisition of Fieldglass creates a compelling advantage for SAP customers as they access, attract and manage talent via the networked economy,” they said in a joint statement. “Combining Fieldglass with SAP is a significant milestone in our strategy to help businesses simplify everything.”
The CEO of Fieldglass Jai Shekhawat said being acquired by SAP would help the company grow and reach more customers worldwide.
“Joining with SAP will allow us to dramatically accelerate our global growth plans and pace of innovation at the unique intersection of the human capital and procurement sectors,” he said. “SAP’s innovations in cloud, in-memory and mobile technology are transforming workforce management.”
The deal underlines the growing push by SAP to enhance its cloud portfolio. Last year it puts its big data-crunching tool HANA into the cloud as part of this shift, while it also bought e-commerce specialist Hybris in June last year.
The deal is the latest announced this week after Dell picked up big data software specialist StatSoft and Palo Alto Networks paid $200m for endpoint security firm Cyvera.
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