The announcement comes on the heels of the company raising software support fees by roughly 5% this month, and scaling back updates for on-prem deployments.
“Our new innovations will not be available for on-premises or hosted on-premise ERP customers on hyperscalers,” the company’s CEO Christian Klein said, during a July earnings call. “New ERP capabilities as well as sustainability and carbon accounting solutions, and all our new AI innovations, will only be available in the cloud.”
