March 26, 2014 / 2:01 PM / 5 years ago

SAP buys U.S. cloud services firm Fieldglass

Logo of German company SAP is pictured at the CeBit computer fair in Hanover, March, 6, 2012. REUTERS/Fabian Bimmer

FRANKFURT (Reuters) - German business software maker SAP said it was buying technology firm Fieldglass as it continues aggressive growth of its internet-based services offering.

Chicago-based Fieldglass, which has 350 employees, offers cloud-based services for procuring and managing contingent labor and services, SAP said in a statement on Wednesday, without saying how much it was paying for the company.

It said it expected the transaction to close in the second quarter.

Reporting by Maria Sheahan

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