European software stocks rally after Reuters' report on Silver Lake-Workday deal talks

Capgemini SE

14/08/2026 08:52

** European software companies rise sharply after Reuters exclusively reports, citing sources, private equity firm Silver Lake is in talks to acquire Workday WDAY.O
** Citi says Silver Lake's potential interest could increase investor interest in the sector, making them re-examine AI-driven concerns that caused the recent selloff
** The broker says application software companies have largely continued to deliver resilient financial performance, despite the rapid pace of AI development and disruption concerns
** It adds valuations across the sector still imply a "growth-cratering" scenario while possible "go private" candidates are arguably limited
** SAP SAPG.DE, TeamViewer TMV.DE and Nemetschek NEKG.DE jump 4.3%, 6.4% and 8.7%, respectively
** Capgemini CAPP.PA, Dassault Systemes DAST.PA, Temenos TEMN.S and Wolters Kluwer WLSNc.AS are up between 2.2% and 4% 
** OVH OVH.PA, Sopra Steria SOPR.PA and Planisware PLNW.PA rise 2.3%-3%
** Softcat SCTS.L, Bytes Technology BYIT.L and Sage SGE.L are up 1.7%, 1.9% and 4%, respectively

(Reporting by Ozan Ergenay)
((ozan.ergenay@thomsonreuters.com))