Walldorf, Germany—Operations and marketing technology company SAP announced it plans to acquire e-commerce company hybris. Financial terms of the deal were not disclosed.
The acquisition of hybris, based in Zug, Switzerland, will provide SAP customers with an on-premise or cloud-based e-commerce platform that will be integrated with other SAP products, including its analytical, social, customer service and CRM applications, SAP said in a statement.
This deal is expected to be completed by the third quarter. hybris will continue to operate as an independent business with its existing management team, SAP said.