SAP makes bid worth billions for BlackLine
Summary
SAP has made a $4.5 billion bid for BlackLine, but BlackLine rejected the offer. SAP sees the accounting platform as a strategic extension of its long-standing partnership and a way to strengthen its finance and cloud migration stack. BlackLine’s software is already integrated with SAP systems and helps companies clean up financial data before moving to new environments. The article also notes that SAP users are migrating to the HANA cloud platform, which could benefit from BlackLine’s automation tools. SAP may return with another offer, but no formal new bid or timeline exists yet.
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Financial Software
Accounting Software
