SAP agrees to buy LeanIX

• DTCP invested in LeanIX in 2017
• The transaction is expected to close in Q4 of 2023
• DTCP is an independent investment management firm

SAP has agreed to buy LeanIX, an enterprise architecture management (EAM) software provider.

LeanIX’s investors include Insight Partners, DTCP, Capnamic Ventures, Iris Capital, Goldman Sachs and Dawn Capital.

The LeanIX acquisition will help SAP expand its business transformation portfolio that will give customers access to the tools required for continuous business transformation and facilitating AI-enabled process optimisation, according to a release.

“The transaction is a great indicator that Europe is catching the US when it comes to product and quality of Enterprise SaaS businesses,” said Thomas Preuss, managing partner, DTCP. “In Europe, we are seeing third generation investors and entrepreneurs coming through the ecosystem, building category leading businesses in tech hubs that now rival those in the US. I am certain that we will see more exciting activity in the space in the future.”

The transaction is expected to close in Q4 of 2023, subject to regulatory approvals.

DTCP is an independent investment management firm focused on digital transformation with €2.2 billion in assets under management. The firm is based in Hamburg, Germany. DTCP invested in LeanIX in 2017.

LeanIX is headquartered in Bonn, Germany. SAP is an enterprise software company based in Walldorf, Germany.

No financial details of the transaction were disclosed.

Editor’s note: This article was updated to include more of LeanIX’s investors.