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25.09.2017 02:35:50

SAP To Acquire Gigya; Terms Undisclosed

(RTTNews) - SAP SE (SAP) said that it agreed to acquire Gigya, a market leader for customer identity and access management. Terms of the transaction are not disclosed.

Gigya's customer identity and access management platform helps companies build digital relationships with their customers. Its platform allows companies to manage customers' profile, preference, opt-in and consent settings, with customers maintaining control of their data at all times.

Gigya has more than 300 employees and is headquartered in Mountain View, California. The company's operations will become part of the SAP Hybris business unit for customer engagement and commerce. The transaction is expected to close in the final quarter of 2017, subject to regulatory approval.

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