SAP to Buy Social Log-In Company Gigya
Gigya offers a consumer identity and access management service to brands such as NBA, Forbes and Tommy Hilfiger
Walldorf, Germany-based enterprise software company SAP SE bought customer management company Gigya Inc., according to two persons familiar with the matter who spoke on condition of anonymity.
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Founded in Tel Aviv in 2006 and headquartered in Palo Alto, California, Gigya offers a consumer identity and access management service to brands such as NBA, Forbes and Tommy Hilfiger. The company has raised $104 million in seven funding rounds from investors such as Intel's investment arm Intel Capital, Adobe Systems Inc., San Francisco-based venture capital firm Benchmark and Owings Mills, Maryland-based venture capital firm Greenspring Associates.
SAP has yet to comment.
This article has been changed to reflect the correct time the partnership between SAP and Gigya started. A previous version stated the companies partnered last year.