SAP, a German enterprise application software company, is supposedly in discussion with Moelis & Co, an investment bank, to sell its profitable corporate learning software business SAP Litmos, which is currently valued at USD 1 billion.  

Through the divestment, the company intends to streamline its business processes and focus on cloud-based revenue streams. Sources claimed that Moelis & Co is expected to start the auction process in the coming weeks and is targeting tech-driven private equity funds based in the US and Europe. 

SAP reacquired Litmos from Callidus, a cloud software firm, for USD 2.4 billion in 2018, and rebranded the platform as SAP Litmos. SAP Litmos currently serves more than 30 million users across 150 countries. 

Founded in 1972, SAP is a German enterprise application software company best known for its enterprise resource planning (ERP) software. SAP offers two cloud solutions for corporate learning: SAP Litmos and SAP SuccessFactors. SAP Litmos includes a learning management system (LMS) and online training courses. SAP Litmos Training is a stand-alone LMS solution that can be integrated with other HR data systems, while SAP SuccessFactors offers training to users to use its own platform.