SAP to buy WalkMe for $1.5 billion

June 5, 2024

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Enterprise software leader SAP is acquiring the “digital adoption” platform provider WalkMe in an all-cash deal valued at $1.5 billion.

WalkMe was valued at under $880 million at the market close yesterday, making the $14 per share offer a 45% premium.

Founded in San Francisco in 2011, WalkMe develops software that companies use to embed on-screen product walkthroughs within their applications. This is used to guide users through new features or assist in onboarding new employees. Features can include balloon overlays or on-screen prompts designed to convert free users into paying customers. The goal is to automate what would otherwise be a labor-intensive process requiring significant human intervention.

Paul Sawers

Paul Sawers is a senior writer based in London, focused largely on the world of UK And European startups. However, he also writes about other subjects that he’s passionate about, such as the business of open source software. Previously, Paul gained more than a decade’s experience covering consumer and enterprise technologies for VentureBeat and The Next Web.