Tuesday evening, SAP AG (SAP), a provider of business software solutions, said it has decided to purchase OutlookSoft Corp., reflecting its ongoing efforts to provide extended solutions for the CFO. The acquisition of OutlookSoft, a provider of integrated planning and consolidation software, reflects SAP's commitment to its multi-year plan to address the sophisticated requirements of the CFO, including driving business performance, managing risk, ensuring compliance and organizing financial transformation, added the company. SAP did not reveal the terms of the transaction, which is expected to close in June 2007.SAP, headquartered at Walldorf in Germany, expects CFOs to enjoy optimum benefit from the most comprehensive financial business process through the company's build/partner approach that is ideally supported by its strategic `fill-in' acquisitions. Further, the latest acquisition of OutlookSoft reflects SAP's continuing strategy of initiating strategic mergers and delivering comprehensive solution by gaining innovative technologies.OutlookSoft was established to provide the standard for latest solutions, with substantial convenience for the business user and unified experience across all performance management processes.SAP ended Tuesday regular trading session at $47.11, down $0.43 or 0.90%, on a volume of 1.13 million shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.