SAP buys software management company LeanIX

STOCKHOLM (Reuters) – German business software maker SAP on Thursday said it has bought software management company LeanIX from investors to boost its business transformation portfolio.

LeanIX investors include Insight Partners, DTCP, Capnamic Ventures, Iris Capital, Goldman Sachs and Dawn Capital

The transaction is expected to close in the fourth quarter. Terms of the deal were not disclosed.

(This story has been corrected to say DTCP, not Deutsche Telekom Capital Partners, in paragraph 2)

(Reporting by Supantha Mukherjee in Stockholm, editing by Terje Solsvik)