HR collaboration and communication has been a hot area for VC investment, and new SAP is funding an internal startup to compete squarely in that space.
WALLDORF, Germany, April 25, 2019 /PRNewswire/ — SAP SE (NYSE: SAP) will invest an additional €10 million in Ruum by SAP™ to help the solution grow its business quickly.Ruum is the simplest software-as-a-service (SaaS) solution that connects enterprise business processes with team productivity, enabling one billion SAP® software users to connect business data with an intuitive, adaptable collaboration suite. Ruum integrates with the core SAP product portfolio as well as popular collaboration platforms, such as Microsoft Teams and Box Inc.
Source: SAP to Fund Internal Collaboration Startup Ruum With €10 Million