Other Private Equity/Strategic Investments
SAP picks up minority stake in enterprise tech startup Icertis
Germany-based enterprise software maker SAP has picked up a minority stake in Pune-headquartered Icertis, a cloud-based Unicorn SaaS platform that counts Airbus, Cognizant, Microsoft, and Roche as customers. The deal is projected to lead to a joint product road map and technological integration to deliver enterprise-wide value, including faster negotiations, greater compliance and AI-powered business insights and automation. As part of the expanded partnership, Icertis Contract Intelligence (ICI) for SAP Ariba solutions and ICI for SAP Customer Experience solutions are now certified by SAP.
From the Venture Intelligence PE-VC Deal Database: Between Apr-15 and Mar-21, Icertis raised $291-M from Headline, Meritech Capital Partners, Greycroft, B Capital Group, PSP Investments, PremjiInvest, Eight Roads Ventures, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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