This is the rough valuation that we had expected and published in SAP and Fieldglass: Questions Raised by the $1+ Billion Acquisition, albeit somewhat lower than we thought it could have gone given the size of the market, Fieldglass’s strength as the undisputed number one provider by share in the market, MDCP’s hard nosed eye for a deal, and the exuberance of the market for anything SaaS (which has died down a bit recently). Since Fieldglass itself indicated that the original buyout deal was worth over $220 million, that would put the valuation at roughly $1.1 billion. Since the actual financial terms of the deal won’t be known until SAP discloses the final terms when it files Q214 financial results, the only estimate we’ve seen for now is a Dow Jones piece that cites a net internal rate of return of 56% and that Madison Dearborn “received 5.1 times its money” according to a person with knowledge of the transaction. SAP Fieldglass provides a free demo on its official website in the form of tutorials and illustrations where users can get a closer look at the platform and its functionalities.SAP finally closed its acquisition of services procurement provider (or VMS provider if you like) Fieldglass from Madison Dearborn Partners, according to a quietly released blog entry on the SAP website by Mike Etting, the Global Head of Cloud & On Premise HR. Interested users need to contact SAP vendors directly to get information related to the SAP Fieldglass Pricing. SAP Fieldglass Pricing details are revealed by the company. This allows companies to procure and employ workforces arranged through Statement of Work (SOW) and manage them by comparing labour costs and onboarding new employees after hiring them.
SAP Fieldglass is a software platform that provides a cloud-based Vender Management System (VMS) that allows companies to manage services procurement and external workforces which include independent contractors, contingent workers and temporary workers.
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