In the past 15 months, enterprise software companies have spent roughly $4 billion acquiring AI workflow specialists. Workday paid $1.1 billion for Sana. ServiceNow paid $2.85 billion for Moveworks. SAP ran a dual acquisition of Dremio and Prior Labs in what analysts are calling a billion-euro AI push. Anthropic partnered with Goldman Sachs and Blackstone to form a $1.5 billion enterprise AI services firm explicitly built to embed Claude into the operational workflows of hundreds of companies.
That is not a trend. That is a restructuring of the enterprise software map.
And if you run finance at a mid-to-large enterprise, you should pay close attention to what is happening, and to what has not happened yet.