1 minute read | June.05.2024
SAP SE (NYSE: SAP) will acquire WalkMe (NASDAQ: WKME), a leader in digital adoption platform solutions, in an all-cash transaction valued at approximately US $1.5 billion. WalkMe’s solutions help organizations navigate constant technology change by providing users with advanced guidance and automation features that enable them to execute workflows seamlessly across any number of applications. The transaction, subject to customary closing conditions, is expected to close in the third quarter of 2024.
Matthew Gemello and Spencer Cohen led the Orrick team advising SAP. Orrick was supported on Israeli law matters by Chaim Friedland and Netanel Kahane of Gornitzky & Co.
In the last 12 months, Orrick has advised on more than 70 M&A deals globally involving AI & Machine Learning companies, as well as on 200+ financings for AI & ML companies and venture investors for a combined value of more than $18B.