SAP Acquires Fieldglass To Support The Increasingly Networked Nature Of Business

[Wade Bones]

SAP announced yesterday that it intends to acquire Fieldglass, a Chicago-based provider of Vendor Management System (VMS) services deployed in the cloud. Terms of the deal, which SAP expects to close next quarter, were not disclosed. Fieldglass was valued at $220 million in 2010, when it was bought by private equity firm Madison Dearborn Partners LLC.