SAP to Acquire Contingent Workforce Cloud Technology Provider

Walldorf, Germany — March 26

SAP AG announced Wednesday plans to acquire Fieldglass, a technology provider for procuring and managing contingent labor and services.

The addition of Fieldglass’ cloud-based Vendor Management System highlights companies’ effort to manage flexible workforces. The acquisition positions SAP to deliver a platform for businesses to manage their entire workforce — both temporary and permanent staff — from initial recruiting and on-boarding to ongoing development, performance management, retention and retirement.

The combination of VMS with SAP aims to transform workforce management by enabling a flexible and comprehensive approach to managing the entire workforce and life cycle, going beyond the traditional focus on the employee record that characterizes many systems today, the company said in a news release.

Source: SAP AG