M&A Deal Summary

SAP Acquires Litmos

On January 29, 2018, SAP acquired internet software and services company Litmos from Callidus Software for 2.4B USD

Acquisition Highlights
  • This is SAP’s 5th transaction in the Internet Software and Services sector.
  • This is SAP’s 7th largest (disclosed) transaction.
  • This is SAP’s 28th transaction in the United States.
  • This is SAP’s 14th transaction in California.
Investment Fate
  • Litmos was divested to a consortium of buyers in 2022.

M&A Deal Summary
Date 2018-01-29
Target Litmos
Sector Internet Software and Services
Buyer(s) SAP
Sellers(s) Callidus Software
Deal Type Divestiture
Deal Value 2.4B USD

Target

Litmos

San Ramon, California, United States
website
Litmos develops eLearning solutions for top-performing companies. Litmos offers the world’s easiest-to-use LMS – Litmos Training – and a comprehensive course library – Litmos Training Content. Thousands of companies trust the solutions to centralize and deliver transformative training to employees, customers, and partners. Litmos was founded in 2000 and is based in San Ramon, California.

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Buyer(S) 1

Buyer

SAP

Walldorf, Germany

website

Category Company
Founded 1972
Sector Software
Employees103,876
Revenue 30.9B EUR (2022)
DESCRIPTION
SAP office in Downers Grove, Illinois.
SAP office in Downers Grove, Illinois.

SAP is a multinational software company that makes enterprise software to manage business operations and customer relations. SAP was founded in 1972 and is based in Walldorf, Germany.

DEAL STATS #
Overall 48 of 60
Sector (Internet Software and Services) 5 of 10
Type (Divestiture) 1 of 1
State (California) 14 of 18
Country (United States) 28 of 34
Year (2018) 2 of 6
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-24 Recast.AI SAS

Paris, France

Recast.AI SAS is a platform to build, train, deploy and monitor intelligent bots. Recast.AI SAS was established in 2015 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-05 Callidus Software

Dublin, California, United States

Callidus Software, Inc. is a provider of sales and marketing effectiveness software. Callidus Software was founded in 1996 and is based in Dublin, California.

Buy -

Seller(S) 1

SELLER

Callidus Software

Dublin, California, United States

website

Category Company
Founded 1996
Sector Internet Software and Services
Employees806
Revenue 253M USD (2017)
DESCRIPTION

Callidus Software, Inc. is a provider of sales and marketing effectiveness software. Callidus Software was founded in 1996 and is based in Dublin, California.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Learning Seat Pty.

Melbourne, Australia

Learning Seat Pty. Ltd. is a provider of an online courses, training tools and eLearning resources are geared toward compliance, professional development and accredited training. Learning Seat also develops customized online courses for clients. Learning Seat was founded in 2000 and is based in Melbourne, Australia.

Buy $26M
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