SAP announced Wednesday its plans to acquire the VMS solution provider Fieldglass, a move that SAP said strengthens its cloud portfolio with a business that hits the sweet spot between Ariba and SuccessFactors, offering companies an end-to-end solution for total workforce management.
Fieldglass' VMS allows companies to automate their contingent workforce management and services procurement programs, with the goal of helping companies gain visibility into complex services spend, improve worker quality, enforce corporate and external compliance and realize greater contingent workforce program efficiencies.
According to an announcement from SAP, the fast-growing contingent workforce management field is a $3.3 trillion market, as companies move to more variable operating models that enable them to scale their infrastructure, talent and expertise.
"The acquisition of Fieldglass creates a compelling advantage for SAP customers as they access, attract and manage talent via the networked economy," said Bill McDermott and Jim Hagemann Snabe, co-CEOs and members of the Executive Board of SAP AG, in a joint statement. "This move reaffirms SAP as the undisputed leader of integrated human resources and procurement in the cloud for businesses of all sizes and industries."
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