SAP to Buy Software Optimization Firm WalkMe for $1.5 Billion

SAP SE will acquire WalkMe Ltd., an Israel-based software company that collects and analyzes data about how employees use apps, in an all-cash transaction with an equity value of about $1.5 billion.

The boards approved the deal for $14 per share, representing a premium of 45% to WalkMe’s closing price on Tuesday, the companies said in a joint statement Wednesday.

“By acquiring WalkMe, we are doubling down on the support we provide our end users, helping them to quickly adopt new solutions and features to get the maximum value out of their IT investments,” SAP Chief Executive Officer Christian ...