SAP to Acquire Disclosure Management Solutions from cundus AG

Adding to its portfolio of solutions that create instant value for customers worldwide, SAP AG  today announced its intent to acquire disclosure management solutions from cundus AG — headquartered in Duisburg, Germany — comprising cundus Financial Statement Factory and cundus informationCollector, including intellectual property, customer contracts and certain employees. As a result of this acquisition, SAP will extend its market-leading portfolio of finance solutions with a collaborative offering that helps enterprises achieve a timely, accurate and more cost-effective financial close process.