SAP to acquire data platform Dremio

Software giant SAP has announced its intention to acquire Dremio, a leading data lakehouse platform, in a move to bolster its enterprise AI offerings.

The acquisition will enable SAP to integrate Dremio's Apache Iceberg-native technology, allowing customers to unify disparate data sources for complex AI and analytics workloads.

This strategic deal aims to provide a more seamless data management experience for large corporations looking to leverage generative AI within their existing SAP ecosystems.

The terms of the acquisition were not disclosed, but analysts suggest it is a key part of SAP's broader strategy to compete in the rapidly evolving AI software market.