SAP (SAP) has agreed to acquire Reltio, a master data management software provider, for an undisclosed sum, the companies said Friday.
The acquisition will boost SAP's Business Data Cloud and accelerate its evolution to a fully interoperable enterprise data platform for agentic artificial intelligence, the companies said.
The deal is expected to close in Q2 or Q3, they said.
SAP shares were down 1.3% in Friday's premarket activity.
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