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SAP Scoops Up Taulia as it Looks to Hop Into the 'Metaverse'

SAP will acquire a majority stake in the U.S. fintech Taulia with the hope of expanding its footprint in the working capital management and supply-chain financing spaces. So reports Reuters.

TauliaAdditionally, the German software company is hoping to hop into the metaverse arena and leverage opportunities for users to “work, play and socialize.” The specifics of the deal were not disclosed, however, the acquisition was confirmed to be less than $1 billion.

Read the full article from Reuters.

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