The acquisition would further expand SAP’s Business Network and strengthens SAP’s solutions for the CFO office, according to SAP. Taulia would operate as an independent company with its own brand in the SAP Group.

Taulia offers early payment through supply chain finance, dynamic discounting and accounts receivable finance. Challenging economic conditions and disruptions in supply chains have significantly increased demand for early payment and the market for working capital management has seen strong growth.

SAP and Taulia agreed not to disclose financial details of the pending transaction.

Pillsbury has represented Taulia since drafting its founders’ agreement in 2010, advising Taulia as to its general corporate matters, including its fundraising, over the past decade. The Pillsbury team advising Taulia in the SAP merger was led by Silicon Valley Corporate partner Steve Wurzburg, and included senior associate Mediha Ali, associates Lana Persaud, Jake Sendar and Chantele Karim; Executive Compensation & Benefits partner Cindy Schlaefer and counsel Colleen Lamarre; Intellectual Property partner David Jakopin; Tax partner Brian Wainwright; Regulatory partner Nancy Fischer and counsel Matthew Rabinowitz; Litigation and Insurance Recovery & Advisory partner Alex Lathrop; Antitrust partner Michael Sibarium and attorney Evan Storm, and Employment partner Paula Weber.