In late January 2018, SAP announced the acquisition of Callidus Software. In total, the deal is worth $2.4 billion. Callidus Software, a leader in cloud technology, will extend the German software company further into cloud computing. The agreement has been secured by SAP offering a purchase price of $36 per share, a 21 percent premium over an average of the last 30 days, a 28 percent premium over a 90-day average, and a 10 percent boost based on Monday close of $32.70. Callidus shares jumped 10% with the acquisition
Trading as CallidusCloud, the company provides cloud-based human resource software, sales, Lead to Money (Quote-to-Cash) systems, marketing, and customer experience solutions. The company counts roughly 5,800 businesses as clients.
- Read more here: SAP acquires Callidus Software in $2.4 billion deal