SAP will use the acquisition to expand its presence in supply-chain financing and working capital management. SAP, which makes software for managing business processes and gets much of its revenue in recurring form, said it was also looking at opportunities in the 'metaverse' - virtual online worlds where people can work, play and socialize.
"We have big partners reaching out to us asking for partnerships in the metaverse because of a lot of interesting B2B (business-to-business) scenarios - think about learning, commerce and a few other business scenarios," Chief Executive Officer Christian Klein said in an interview.