SAP: to step up investment in in-house startup
(CercleFinance.com) - German enterprise software giant SAP said that it will invest an additional 10 million euros in Ruum to help the startup grow its business quickly.
Ruum is a collaboration and productivity software firm that was initiated as part of SAP.iO Venture Studio, a SAP incubator that launches new ventures that tap into SAP's data, technologies, and customer relationships.
Ruum's main product is a software-as-a-service (SaaS) solution that focuses on enterprise business processes, enabling SAP users to connect business data with an intuitive, adaptable suite.
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