Francisco Partners to Acquire Litmos from SAP

SAP SE Agrees to Acquire Dremio Corporation

May 6, 2026

Data & Analytics

SAP SE has agreed to acquire Dremio Corporation to expand its AI data integration and lakehouse capabilities. The deal is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals, and aims to help address enterprise AI bottlenecks caused by fragmented and disconnected data systems.

SAP Acquires Prior Labs to Scale Tabular Foundation Models in Europe

May 4, 2026

AI & Machine Learning

SAP entered into a definitive agreement to acquire Prior Labs, a pioneer of tabular foundation models (TFMs) for structured enterprise data, and committed to investing more than €1 billion over the next four years to scale its frontier AI lab in Europe. SAP later completed the acquisition, with Prior Labs continuing to operate independently under its existing brand, leadership, and research agenda, while receiving SAP-backed resources and data access.

SAP to Acquire SmartRecruiters

August 1, 2025

Cloud & SaaS

SAP has entered into an agreement to acquire SmartRecruiters, a talent acquisition (TA) software provider. The deal is intended to strengthen SAP’s SuccessFactors human capital management (HCM) suite by integrating SmartRecruiters’ high-volume recruiting and AI-enabled candidate engagement capabilities. The transaction is expected to close in the fourth quarter of 2025, subject to customary regulatory approvals; financial terms were not disclosed.

GFT Technologies Agrees to Acquire SAP Specialist Megawork in Brazil

July 15, 2025

IT Services

GFT Technologies SE has agreed to acquire 100% of Megawork Consultoria e Sistemas Ltda., a Brazilian SAP consultancy, in an all-cash transaction. The deal is intended to accelerate GFT’s SAP ecosystem entry and expand high-value SAP services, including leveraging GFT’s GenAI product Wynxx to improve SAP transformation delivery.

Francisco Partners Completes Acquisition of Sumo Logic

May 12, 2023

Cloud & SaaS

Francisco Partners completed its acquisition of Sumo Logic, a SaaS analytics platform for observability and security, for $12.05 per share in cash. The deal was valued at approximately $1.7 billion and will take Sumo Logic private, with its NASDAQ listing ending.

Francisco Partners Acquires VitalSource from Ingram Content Group

April 14, 2021

Education

Francisco Partners has signed a definitive agreement to acquire VitalSource Technologies LLC from Ingram Content Group. VitalSource is an education technology company (Bookshelf learning platform) serving millions of learners and partnering with publishers and institutions; the deal is expected to close in summer pending regulatory approval and is intended to accelerate VitalSource's product and market growth.