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SAP announced Wednesday that it has agreed to acquire Fieldglass, a provider of cloud-based vendor and labour management services

SAP announced Wednesday that it has agreed to acquire Fieldglass, a provider of cloud-based vendor and labour management services

German software giant SAP announced Wednesday that it has entered into an agreement to acquire Fieldglass, a provider of cloud-based vendor and labour management services. SAP said the acquisition will help bolster the company’s enterprise resource management offerings amongst businesses that require strong contingency-based resource management capabilities.

“The acquisition of Fieldglass creates a compelling advantage for SAP customers as they access, attract and manage talent via the networked economy,” said Bill McDermott and Jim Hagemann Snabe, co-CEOs and members of the executive board of SAP AG in prepared remarks.

SAP said integrating Fieldglass’s vendor and labour management suite combined with its own solutions will make enterprise resource management more flexible, particularly when combined with other complimentary labour-management offerings acquired by the company over recent years – SuccessFactors and Ariba.

“This move reaffirms SAP as the undisputed leader of integrated human resources and procurement in the cloud for businesses of all sizes and industries. Combining Fieldglass with SAP is a significant milestone in our strategy to help businesses simplify everything,” they added.

SAP said it expects contingent workforces to grow by nearly 30 per cent over the next three years, and that the contingent labour and statement-of-work services will swell to $3.3tn this year. If the acquisition is approved by the relevant regulatory authorities the acquisition will help strengthen SAP’s grip on the ERP and HCM market, giving the incumbent access to over 100 new markets.

“Joining with SAP will allow us to dramatically accelerate our global growth plans and pace of innovation at the unique intersection of the human capital and procurement sectors,” said Jai Shekhawat, chief executive officer and co-founder of Fieldglass.

“SAP’s innovations in cloud, in-memory and mobile technology are transforming workforce management. We look forward to extending our leadership position, increasing our sales and delivery capacity and introducing our winning strategy to new markets.”

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