German enterprise software company SAP AG (NYSE: SAP) said Tuesday that it has acquired the privately held analytical tools firm Pilot Software.
The German company called the purchase of Pilot Software a tuck-in acquisition meant to address the needs of C-level executives interested in analytic applications for performance management. Terms of the transaction were not disclosed.
With the acquisition of Pilot Software, we are providing an advanced system for defining and managing strategies that is integrated with the business processes of information workers, said Doug Merritt, executive vice president and general manager, Suite Optimization, SAP.
By providing contextually-relevant information to employees in a highly collaborative user experience, we are making strategy relevant to every employee in a company, thus bringing immediate value to a strong cross-section of our customer base, Merritt continued.
SAP plans to integrate PilotWorks with its core business applications, such as enterprise resource planning, customer relationship management, and supply chain management.
Pilot operations will continue to operate in Mountain View, Calif. Its software employees will become a part of the worldwide network of SAP Labs.
U.S.-traded depository shares of SAP fell 0.55 percent, or 26 cents, to close at $46.85 in Tuesday trading on the New York Stock Exchange.