SAP Agrees to Buy Working Capital Finance Firm Taulia
Summary
SAP announced a deal to acquire a majority stake in Taulia, a San Francisco-based venture-backed provider of working capital management software and services. According to Crunchbase, Taulia has raised almost $217 million in venture capital from a group that includes J.P. Morgan, Saudi Aramco, Zouk Capital, Matrix Partners and others. SAP said J.P. Morgan will remain a minority investor in Taulia after completion of the deal, as will Taulia CEO Cedric Bru. Taulia and J.P. Morgan had announced a strategic alliance in April...
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