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SAP Acquires Venture-Backed Camilion Solutions

Posted on: March 8, 2013 by Kirk FalconerNo Comments »

Markham, Ontario-based Camilion Solutions Inc., which focuses on product development, product life-cycle and underwriting solutions for the insurance industry, has been bought by SAP AG, a German provider or enterprise application software. The financial terms of the acquisition were not disclosed. Camilion was founded in 2001 with a startup financing led by Canadian venture capital firm Celtic House Venture Partners. Other backers of the company have included GrowthWorks and MMV Capital Partners.

SAP Ventures Sets Its Sights on a New Fund and Internal Expansion as It Balances Strategic and Financial Investing

Posted on: March 8, 2012 by Mark BosletNo Comments »

SAP Ventures is not your typical corporate venture investor. It views its parent company, SAP AG, as an LP rather than a corporate benefactor and raises funds instead of submitting budgets. Six investing directors get carried interest, as they would if they were partners on Sand Hill Road.