SAP to Acquire B-2-B Integration Provider to Boost Enterprise Networking Solutions

SAP has announced its intent to acquire business-to-business integration provider Crossgate.

Crossgate’s solutions enable companies to fully integrate and network with trading partners, clients and suppliers. SAP said Crossgate allows electronic data exchange with any business and will enable SAP to provide networking at the enterprise level.

Crossgate also provides e-invoicing services, which SAP said offer an innovative and secure solution covering the entire process of inbound and outbound invoices. These processes include signatures and compliance monitoring, which are integrated with customers’ back-end systems and finance processes.

Munich, Germany-based Crossgate has more than 40,000 business partner clients to whom it provides  business-to-business e-commerce.

“Companies live in an evolving global network of customers and partners and technology from Crossgate allows them to interact in new ways at the enterprise level the same way that social networking has transformed the way people interact as individuals,” said Peter Maier, general manager and head of line of business solutions for SAP AG.

“By acquiring Crossgate’s highly differentiated solution, we help our customers extend their end-to-end business processes running on SAP to their customers and partners. As a result, thousands of SAP customers will join the network to exchange information easier, execute transactions faster and collaborate better.”

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