TechCrunch
There's something of a trend around legacy software firms and their soaring valuations: Companies founded in dinosaur times are on a tear, evidenced this week with SAP's shares topping $200 for the first time. The Germany-based enterprise software provider was valued at $92 billion two years ago, and $156 billion 12 months back, meaning its market cap has grown more than 50% in the past year alone. CEO Christian Klein has overseen SAP's turnaround since 2020, focusing on helping customers transition to the cloud while striking useful partnerships with hyperscalers such as Google and Nvidia along the way.