On March 27, 2026, SAP, a global leader in enterprise applications and business AI, announced its acquisition of Reltio, a leading master data management (MDM) software provider, to help customers make their SAP and non-SAP enterprise data AI-ready. Terms of the deal were not disclosed. Wilson Sonsini Goodrich & Rosati advised Reltio on the transaction.
Once closed, the acquisition will strengthen SAP Business Data Cloud (SAP BDC)—integral for SAP's AI-First and Suite-First strategy—and accelerate the evolution of SAP BDC to a fully interoperable enterprise data platform for enterprise-wide agentic AI.
The Wilson Sonsini team that advised Reltio was led by Ethan Lutske, Erin Malone-Shkurkin, and Mark Baudler. The team also included:
Corporate
Melissa Rick
Delaware Law and Governance
Ryan Greecher
Ryan Hart
Teddy Kotler
M&A
Orlando V. Hodges Jr.
Robert Gunn
Jessica Li
Jeremy Sharp
National Security and Trade
Joshua Gruenspecht
Seth Cowell
Bryan Poellot
Regulatory
Jahna Hartwig
Kimberley Biagioli
Waqas Shahid
Technology Transactions
John McGaraghan
James Clessuras
Morgan Kasenchak
Isabel Annino
Erica Hur
Anna Weber
Ariel Friedman
Jennifer Cheng
Bryce McKay
Mary O’Brien
Stephanie Stark
Litigation
Matthew Gorman
Chimene Cooper
Antitrust and Competition
Ben Labow
Deirdre Carroll
Laurine Daïnesi Signoret
John Sack
Employee Benefits and Compensation
Sriram Krishnamurthy
Jason Chan
Emma Wilcox
Han Bae
Data, Privacy, and Cybersecurity
Matthew Staples
Michael O’Brien
Chany Kim
For more information, please see SAP’s news release.
