SAP acquires Reltio in bid toward less siloed, AI-ready data

The ERP provider has been adding features to its cloud platform as it seeks to expand its enterprise user base.

Dive Brief:

• SAP announced Friday it intends to acquire Reltio, an AI-first master data management provider, to make SAP and non-SAP data work more seamlessly together for AI apps. The company did not return a request for comment about the terms of the deal. 
• The acquisition is expected to close in the second or third quarter of this year, and SAP intends to run Reltio’s data cleaning capabilities as a core capability within SAP’s Business Data Cloud with a flexible commercial model where customers can purchase Reltio as a separate tool or with other SAP products. Reltio’s portfolio will also remain available as a standalone offering for the foreseeable future, the company said.
• The acquisition will help both companies “harmonize, cleanse and govern” SAP and non-SAP data ...