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BOZEMAN/WALLDORF - SAP SE (NYSE:SAP), a prominent player in the Software industry with a market capitalization of $302.9 billion, and Snowflake (NYSE:SNOW) announced a strategic partnership to integrate their data platforms, according to a press release issued Tuesday. InvestingPro data shows SAP currently trades near its Fair Value, with a perfect Piotroski Score of 9 indicating strong financial health.
The collaboration will make Snowflake’s AI Data Cloud available as a solution extension for SAP Business Data Cloud customers. The new offering, called SAP Snowflake solution extension for SAP Business Data Cloud, aims to combine SAP’s business process expertise with Snowflake’s AI and machine learning capabilities.
A key feature of the partnership is zero-copy data sharing between the platforms, allowing organizations to access and analyze data without duplication.
"By tightly integrating SAP and Snowflake, we’re making it simple for enterprises to connect their critical business data with its rich context in SAP with the power of seamless AI app and data agent development at scale in Snowflake," said Christian Kleinerman, EVP of Product at Snowflake.
Irfan Khan, President and Chief Product Officer for SAP Data and Analytics, noted that the partnership "empowers our customers with openness and choice" while extending "the value of business data across the entire ecosystem."
The companies stated that customers will be able to build AI-ready data foundations, accelerate AI business value with semantically rich data, and develop intelligent applications grounded in mission-critical business information.
In addition to the solution extension, the partnership includes SAP Business Data Cloud Connect for Snowflake, enabling bidirectional data sharing for enterprises already using Snowflake.
AstraZeneca was highlighted as an existing customer of both companies. Russell Smith, Vice President of ERP Transformation Technology at AstraZeneca, said the partnership "will accelerate our mission" of using data and AI to develop medicines.
The SAP Snowflake solution extension is planned for general availability in Q1 2026, while SAP Business Data Cloud Connect for Snowflake is expected to be available in the first half of 2026.
In other recent news, SAP has been at the center of several significant developments. A Bloomberg report revealed that SAP made a takeover approach to BlackLine earlier this year, valuing the company in the high $60s per share. However, BlackLine rejected the offer, and there are currently no active discussions between the two companies. On the financial front, SAP’s third-quarter results have led to various analyst reactions. Berenberg lowered its price target for SAP to EUR280, citing foreign exchange impacts, while Barclays raised its target to €348, highlighting optimism about cloud growth and improvements in the U.S. public sector. TD Cowen also adjusted its price target to $330, noting mixed results with Cloud & Services growth slightly below expectations. Additionally, BMO Capital reduced its target to EUR320, mentioning solid third-quarter results but expressing disappointment in the fourth-quarter guidance. These recent developments provide a comprehensive view of SAP’s current market position and future prospects.
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