SAP News & Events

SAP and Prior Labs, the pioneer of Tabular Foundation Models, announced that they have entered into a definitive agreement for SAP to purchase Prior Labs, accelerating SAP's success in TFMs that started with SAP-RPT-1, and bringing one of the world's leading TFM research teams into the SAP family. Prior Labs will continue to operate as an independent entity, with SAP committing to invest more than EUR 1B over the next four years to scale it into a globally leading frontier AI lab for the structured data that runs the world's businesses. Terms of the deal were not disclosed. The transaction is still pending regulatory approval. The transaction is expected to close in Q2 or Q3 of 2026, subject to customary closing conditions, including regulatory approvals.

SAP and Dremio announced that SAP has agreed to acquire Dremio, an open, high-performance data lakehouse platform built to accelerate agentic AI and expand SAP Business Data Cloud's ability to combine SAP and non-SAP data to more effectively run analytical and AI workloads in real time. Terms of the deal were not disclosed. The transaction is still pending regulatory approval. The transaction is expected to close in Q3 of 2026, subject to customary closing conditions, including regulatory approvals.