Apple Music Karaoke Mode Musk Briefly Not Richest COVID Variants Call of Duty and Nintendo 'Avatar 2' Director 19 Gizmo and Gadget Gifts Gifts $30 and Under Anker MagGo for iPhones
Want CNET to notify you of price drops and the latest stories?
No, thank you

SAP Ventures to invest in start-up WebEx

The German giant will tomorrow announce an investment in the meeting software start-up, and plans to incorporate the technology into business portal.

SAP Ventures will announce tomorrow that it is investing in meeting software start-up WebEx, and the company plans to incorporate WebEx technology into business portal

Representatives from WebEx said SAP Ventures--the venture arm of German business software maker SAP AG--has invested between $1 million and $5 million in WebEx. WebEx is also expected to announce tomorrow a $26 million Series D round of funding from investors including SAP, Yahoo and Tibco.

The deal comes as the market for business-to-business services ramps up. It also follows speculation that SAP faces slowing revenues because of its weakened online strategy. Shares in SAP fell sharply today after a roadshow in the United States pointed to waning enthusiasm for its Web business.

Through the proposed partnership, will offer a cobranded area on its site for its business-to-business customers to set up and conduct meetings through WebEx.

WebEx's software lets people conduct Web-based meetings enhanced by phone conferencing, audio and video. Attendees can share documents on their computers, browse the Web together and annotate Web sites with full view by all participants.

WebEx has partnerships with more than 1,000 online companies, most of which are business-to-business upstarts, including

Through, launched last September, SAP hopes to expand its stake in the business-to-business e-commerce market, competing with such players as Commerce One, Ariba and Oracle.

WebEx raised $25 million in a third round of funding in December from NEA, Walden Ventures, Summit and Oracle, among others.