SAP to buy U.S. fintech Taulia; eyes metaverse opportunities

Published by
Reuters UK

By Supantha Mukherjee and Nadine Schimroszik STOCKHOLM/BERLIN (Reuters) -SAP said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks 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 i…

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