OutlookSoft to be Acquired by Software Giant SAP - Stamford, CT

OutlookSoft, a Stamford-based provider of financial performance management software for corporations, has signed an agreement to be acquired by SAP, the Germany-based business software giant. "Today's announcement marks another milestone in SAP's multi-year plan to holistically address the increasingly sophisticated requirements of the CFO around driving business performance, managing risk, ensuring compliance and spearheading financial transformation in their organizations," the company said. OutlookSoft employs about 250 people and has offices in the U.S., U.K., France, Switzerland and Italy. Financial terms of the acquisition deal were not disclosed.

http://www.sap.com/company/press/press.epx?pressid=7596