This version of the story was updated September 16 at 7:45 a.m. ET.
German software powerhouse SAP AG said late Monday that it has agreed to sell the European customer base of its applications hosting business to Deutsche Telekom’s T-Systems corporate services division.
Neither SAP nor Deutsche Telekom revealed financial terms of the agreement, which they hope to conclude next month pending approval by antitrust regulators.
The deal does not include the sale of fixed assets. It transfers about 90 European customers from SAP to T-Systems. The 90 are not the same set of 90 customers using SAP’s struggling software-as-a-service ERP offering, Business ByDesign.