Today, we're thrilled to share that SAP has entered into an agreement to acquire Dremio, pending regulatory approval. Together, we will deliver one open platform where agents reason over all enterprise data, then decide and act.

We believe it is still early days for the agentic enterprise. Our vision is to enable knowledge workers working with agents and agents operating autonomously, to find, understand, and use enterprise data to answer any question or take any action. This acquisition will give us the scale and backing to accelerate our agentic vision, while also incorporating innovative SAP technologies.

SAP provides a treasure trove of business data and a knowledge graph that makes it easy for Dremio to serve and understand even the most complex enterprise business data, without customers having to build pipelines. SAP's early success with tabular foundation models, anchored by RPT-1, can accurately predict business outcomes from structured business data. Joule Agents use these models to predict what will happen and then autonomously kick off application workflows or build new agents to proactively take action.

Together with SAP, we will, once the transaction has closed, create a leading data platform and the foundation for an enterprise’s agentic future. Dremio customers will benefit from our increased scale and use of SAP's innovative technologies. Our roadmap will only accelerate, and the scope of our vision is exploding.

To our open source community: our commitment to Apache Iceberg, Apache Polaris, and Apache Arrow isn't changing. SAP is fully committed to these projects.

We'll continue to invest in them because enterprises want platforms that provide maximum interoperability and broad ecosystems.

The best part? Customers will get even more value, and we are still just getting started.

Read the full announcement and SAP's Press Release.

- Sendur