Start building your own chatbot now >

SAP SE (NYSE: SAP) today announced it is acquiring Recast.AI, a French start-up based in Paris that focuses on conversational user experience technology. The acquisition will allow SAP to accelerate development of its Leonardo machine learning (ML) capabilities that are part of its growing portfolio of intelligent software solutions.

Recast.AI provides a development environment – software, technology and applications – that uses natural language, for example, chatbots. Recast.AI’s technology matches the requirements of conversational chatbots and allows high performance natural language processing that supports more than 20 languages. The acquisition will help SAP enhance the natural language processing capabilities in SAP® applications to help customers enjoy an improved user experience.

SAP aims to simplify complex business interactions and processes by employing conversational user experience technology: the intention is to have applications speak to SAP software users in natural language. SAP created the SAP CoPilot digital assistant, a Web application and an in-house platform to build conversational applications. SAP intends to use this platform across a wide breadth of its portfolio.

Recast.AI was founded in 2015, emerging from French coding school “42”, and is currently located at the incubator “Station F”. The company has grown quickly and today serves international customers in France, including large banks and insurance and tech companies. Recast.AI provides a modern ML-based technical architecture and owns proprietary algorithms that understand natural language. Its team of highly talented data scientists and engineers will strengthen ML development at SAP.

SAP is acquiring Recast.AI through its direct French subsidiary SAP France Holding, a limited liability company. Both companies agreed not to disclose details of the transaction. The acquisition was possible with the assistance of Hekla Finance and Gramond & Associés.

Visit the SAP News Center. Follow SAP on Twitter at @sapnews. Sign up on Recast.AI and follow us at @RecastAI. 

Media Contacts:

Daniel Reinhardt, SAP, +49 6227 7 40201, daniel.reinhardt@sap.com, CET

Justine Baron, Recast.AI, +33 6 77 68 43 26, justine.baron@recast.ai, CET

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2018 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.

Want to build your own conversational bot? Get started with Recast.AI !

  • Sven V

    Hi,
    Nice job!
    Will we still be able to use recast as before?

    • Justine Baron

      Hi Sven,

      Yes, your use of Recast.AI will not change. 🙂

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies

Please confirm that you accept cookies to monitor the performance of our website