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SEPTEMBER 1, 2026
SAP SE acquires Reltio
TARGET
Reltio
Cloud-native master data management platform unifying and cleansing enterprise-wide SAP and non-SAP data to support agentic AI, analytics, and digital transformation for large enterprises.
Revenue$185M ARR
OwnershipVC-backed · Brighton Park Capital, New Enterprise Associates, Crosslink Capital, NewView Capital, .406 Ventures
Capital raised$237M
Headcount251-500 FTEs
HeadquartersRedwood City, California
Leadership
Chris Hylen, Chief Executive Officer
Sell-side advisor
ACQUIRER
SAP SE
provides enterprise resource planning, financial management, supply chain, human resources, and AI-enabled business application software to organizations of all sizes worldwide
OwnershipPublicly traded (NYSE: SAP)
Headcount111,397 FTEs
HeadquartersWalldorf, Germany
Deal team
Vivek K. Chandy, Joint Managing Partner (JSA Advocates & Solicitors)
Leadership
Christian Klein, Chief Executive Officer and chairman of the Executive Board
Buy-side advisor
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    MORE IN HORIZONTAL SAAS
Barndoor AI acquires Diaphora Enterprise AI PlatformsSEP 16
Diaphora – LLM-native AI service engine that turns prompts and skills into deterministic, schema-validated, API- and MCP-callable production services for enterprise workflows 
Vitruvian Partners invests in Smartling (Battery Ventures) Content & Document ManagementSEP 15
Smartling – AI-powered translation management platform that automates multilingual content workflows for global enterprises across websites, apps, and documents 
MTS Exolve (MTS PJSC) acquires MightyCall Enterprise Russian Edition Customer Service & CXSEP 15
MightyCall Enterprise Russian Edition – russian-developed on-premise and cloud contact-center software automating inbound and outbound call flows, IVR, CRM integration, and analytics for large and mid-sized enterprises in banking, healthcare, insurance, retail, and government 
Allyant (Thompson Street) acquires Braille Works Content & Document ManagementSEP 14
Braille Works – braille, large print, audio, and accessible PDF document production and conversion services for businesses serving blind and visually impaired customers 
Superhuman acquires Fathom Collaboration & CommunicationsSEP 14
Fathom – AI meeting notetaker that records, transcribes, and summarizes Zoom, Google Meet, and Teams calls, syncing action items and insights into CRMs, Slack, and other productivity tools for sales, CS, and knowledge-worker teams 
Francisco Partners, KKR take a minority stake in TeamSystem (Hellman & Friedman) ERP & Business ManagementSEP 11
Est. €8–10B Valuation · TeamSystem – ERP, accounting, payroll, HR, invoicing, and AI-enhanced business management software for SMEs, accountants, labour consultants, and professionals, primarily in Italy and Southern Europe. Valuation: €8–10 billion 
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