US probing SAP, Carahasoft over potential price-fixing- Bloomberg
The Department of Justice has been looking into whether business software maker SAP illegally conspired with Carahsoft to fix higher prices on sales to the U.S. military and other government agencies, Bloomberg reported, citing federal court records filed in Baltimore. The investigation has been ongoing since at least 2022.
Carahsoft- a major vendor of software- saw its offices in Virginia raided on Tuesday by FBI agents and military investigators. SAP is Germany’s biggest firm, with the potential investigation providing a blow to the firm amid an ongoing rally in its shares. Carahsoft is one of the biggest private companies in the world, and is a major player in providing technology to government agencies.
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