SAP acquires Reltio in bid toward less siloed, AI-ready data [Yahoo! Finance]
SAP SE ADS (SAP)
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Source: Yahoo! Finance
Dive Brief: SAP announced Friday it intends to acquire Reltio , an AI-first master data management provider, to make SAP and non-SAP data work more seamlessly together for AI apps. The company did not return a request for comment about the terms of the deal. The acquisition is expected to close in the second or third quarter of this year, and SAP intends to run Reltio's data cleaning capabilities as a core capability within SAP's Business Data Cloud with a flexible commercial model where customers can purchase Reltio as a separate tool or with other SAP products Reltio's portfolio will also remain available as a standalone offering for the foreseeable future, the company said. The acquisition will help both companies “harmonize, cleanse and govern” SAP and non-SAP data for AI use, said Muhammad Alam, member of the Executive Board of SAP SE, SAP Product & Engineeri ng, during a Friday media roundtable. Dive Insight: SAP has spent the last year trying to break down silos with
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