SAP Acquires Fieldglass To Support The Increasingly Networked Nature Of Business
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.
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