SAP is the world's leading enterprise resource planning software vendor.
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SAP is the world's leading enterprise resource planning software vendor.
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SAP is the largest non-American software company by revenue, the world's third-largest publicly traded software company by revenue, and the second largest German company by market capitalization.
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SAP is headquartered in Walldorf, Baden-Wurttemberg, Germany with regional offices in 180 countries.
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SAP has over 425, 000 customers in over 180 countries and is a component of the Euro Stoxx 50 stock market index.
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In 1995, SAP was included in the German stock index DAX and, on 22 September 2003, SAP was included in the STOXX Europe 50.
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On 7 July 2014, SAP announced it had changed its legal form to a European Company.
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Since 2012, SAP has and acquired several companies that sell cloud-based products, with several multi-billion-dollar acquisitions seen by analysts as an attempt to challenge competitor Oracle.
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In 2016 SAP bought Concur Technologies, a provider of cloud-based travel and expense management software, for $8.
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Likewise, in 2015, SAP partnered with HPE to provide secure hybrid cloud-based services running the SAP platform.
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SAP has announced additional partnerships with Microsoft in order to give customers tools for data visualization, as well as improved mobile applications.
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SAP exceeded its revenue projections due to the expansion in its cloud business and the success of SAP HANA.
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Since 2017, SAP is a founding member of the EU Cloud Code of Conduct.
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Since May 2021 SAP has listed selected Cloud Service adherent to the EU Cloud Code of Conduct as one of the first Cloud Service Providers.
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On 29 January 2019, SAP announced plans to cut approximately 4, 000 positions at the company in a strategic plan to shift to more modern cloud-based technologies such as blockchain, quantum computing, machine learning, Internet of Things, and artificial intelligence.
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SAP brought its products, organizational units and the sales network into the business and holds 20 percent of the shares.
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Fiscal year 2017, SAP reported earnings of €4 billion, with an annual revenue of €23.
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SAP's shares traded at over US$105 per share, and its market capitalization was valued at US$128 billion in December 2018.
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In 2022, SAP was the second most valuable company in Germany by market capitalisation.
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SAP focuses on 25 industries and six industry sectors: process industries, discrete industries, consumer industries, service industries, financial services and public services.
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SAP has positioned Enterprise SOA to deliver the benefits offered by service-oriented architecture, including enabling both flexibility and business efficiency.
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SAP has partnered with Apple to work on the mobile experience for SAP enterprise customers.
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In 2019, SAP announced a three-year partnership "Embrace" with Microsoft that should allow its clients to move their business process into the cloud, although significant portions of that partnership were reduced to two years.
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In 2020 SAP announced that together with Wipro it will co-develop and market "solutions for the retail and fashion industry.
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SAP uses a two-tier structure of boards, with an executive board and a supervisory board.
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SAP Labs are research and development locations that develop and improve SAP core products.
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SAP Labs are strategically located in high-tech clusters around the globe.
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At the beginning, the focus of SAP's expansion was entering highly developed IT markets; in 1993, Palo Alto became a part of SAP Labs.
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SAP provoked controversy and frustration among its users in 2008 by raising the cost of its maintenance contracts.
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SAP is in partnership with Cloud Foundry for a beta offering of SAP Cloud Platform that enables customers to test out and give feedback for the functionalities coming with Cloud Foundry.
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In 2016, SAP introduced SAP HANA, Express Edition which is meant to run on personal computers or on cloud computing platforms for students and other small-scale developers.
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SAP Enterprise Learning is a learning management system, for large and medium-sized enterprises, from SAP, and it contains a virtual learning room feature powered by Adobe Connect.
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SAP uses this for delivering online training as a Learning on Demand offering; some of this content is freely available as e-books or simulations.
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SAP has a book on this subject, available since June 2009.
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SAP launched the SAP Store in March 2015 as its principal e-commerce property to allow customers to buy its products directly on the Web rather than through traditional sales channels.
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SAP competitors are primarily in the enterprise resource planning software industry.
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In December 2009, SAP delayed its Enterprise Support price rises until agreement had been reached on the benchmarks and KPIs.
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In January 2010, SAP reversed its direction on Enterprise Support and reintroduced its standard support package for customers.
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SAP has donated several millions of dollars to a variety of global health causes including the Product Red campaign and the Global Fund.
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SAP encourages employees to volunteer through social sabbaticals, sending teams of people to different countries to aid non-profits.
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SAP employees have volunteered in China, India, Brazil, and South Africa.
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SAP ambassadors include German tennis player Angelique Kerber, German eventing rider Ingrid Klimke, and South African golfers Ernie Els, Gary Player and Branden Grace.
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In 2021, SAP admitted in a United States court that it exported software to firms in Iran, contrary to US sanctions against Iran, which led to a fine of $8 million.
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An anonymous whistle-blower claims, through a firm of attorneys, that SAP used Twenty Third Century Systems to bribe officials at the Tanzania Ports Authority (TPA) to win a US$6.
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In July 2017, allegations were made that SAP had been involved in business transactions with the controversial and politically influential Gupta family in South Africa.
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SAP denied the allegations, claiming that the money was paid as "an extension of the sales force", despite CAD House having no prior SAP experience.
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SAP's then complained and was placed under "performance management" - a pre-cursor to being asked to leave the company.
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Several female executives, including the Co-CEO left the company, adding to concerns that women were negatively treated, despite SAP then hiring several other senior women from Microsoft.
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