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Chronicles

The story behind the story

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SAP has struck a three-year deal where Microsoft will sell a bundle of SAP cloud services directly to customers who run SAP on Azure

Nat Levy / GeekWire :

GeekWire Nat Levy

Context & Ripple Effects

This deal deepens a relationship that has been building since Microsoft and SAP's 2016 expansion, which put Office 365 integrations and HANA on Azure at the center of the alliance. What changes now is the go-to-market layer: Microsoft isn't just hosting SAP workloads, it is putting its own sales force behind a bundled offer of SAP cloud services aimed at customers already running SAP on Azure.

The move also extends a reseller playbook Microsoft has run before — it struck a nearly identical structure when HPE agreed to sell Azure as its preferred cloud, and Adobe gave Azure preferred status around the same time. With SAP, the pattern moves up the stack from infrastructure resale to selling someone else's applications, which is why the three-year term matters.

First-order effects

  • Customers running SAP on Azure can now buy SAP's cloud bundle directly through Microsoft's sales channels, collapsing what was previously two separate vendor motions into one procurement conversation.
  • SAP effectively rents Microsoft's enterprise reach instead of building parallel capacity for those accounts, while Microsoft converts existing SAP-on-Azure deployments into a stickier, higher-value account base it controls commercially.

Second-order effects

  • The deal pressures other enterprise-software vendors to decide whether to accept hyperscaler-led selling or defend direct customer relationships — the same fork Adobe and HPE faced when choosing preferred-cloud alignment.
  • It also raises the stakes for SAP's other infrastructure partners: the recent Intel–SAP data-center partnership shows SAP spreading dependencies across hardware and cloud, but a Microsoft-owned sales motion tilts customer access toward one distributor.

Third-order effects

  • If the pattern holds, hyperscalers become the default distribution layer for enterprise software generally — vendors keep product control while ceding pricing power and customer intimacy to whoever owns the cloud relationship.
  • Three-year terms like this one formalize co-selling into contractual dependence: renewal negotiations become moments where distributors extract more favorable economics, reshaping how enterprise software margins get split across the stack.

The trend: Enterprise software vendors are shifting from co-marketing alliances toward handing hyperscalers direct sales rights over their products, making cloud providers the primary route to enterprise customers.

Discussion

  • @kochdarren Darren Koch on x
    “@Microsoft will bundle SAP cloud services into a bundle we call Embrace, and they'll sell these directly through their field organization to their customers who will run SAP the in @Azure cloud,” said @JenniferBMorgan, @SAP co-CEO, today. https://www.geekwire.com/...
  • @__anoop @__anoop on x
    @Techmeme @NatJLevy So $MSFT is now a Platinum Partner like Accenture and IBM. Very smart on MSFTs part and will be a neat little earnings booster
  • @msftnews @msftnews on x
    .@SAP partners with Microsoft for first-in-market cloud migration offerings: Through a new agreement, companies will accelerate and modernize customer transitions to SAP S/4HANA and SAP Cloud Platform on Microsoft Azure http://msft.social/...