SAP in Israel:
SAP AG (NYSE, LSE: SAP; XETRA: SAPG) has more than 33,200 customers in over 120 countries. The company employs more than 36,600 people in 50 countries worldwide. The media has reported the following SAP acquisitions in Israel:
§ In 1998, SAP made its initial investment in Israel. SAP invested in the Israeli company OFEK-Tech, which in 2000 became a wholly owned SAP subsidiary by the name SAP Labs Israel.
§ Since 1998, SAP has invested in several Israeli start-up companies both directly and through its venture capital arm, including Top Manage, GUI Machine, Expression and Virtual Locality, Interwise and Zend Technologies.
§ In 2004, SAP acquired Israeli start-up A2i
§ SAP’s largest acquisition of complementary technology and know-how from Israel was that of enterprise portal software provider TopTier Software, Inc. in 2001. TopTier founder Shai Agassi today serves as a member of the SAP Executive Board and is responsible for the company's Product and Technology Group.
§ SAP Labs Israel keeps a constant eye on the Israeli market for innovative start-up companies, ideas and products complementing SAP’s offering.
Highlights:
§ SAP Labs Israel is the company's fourth largest development center worldwide, part of SAP's international development network.
§ In 2001, SAP Labs Israel employed 40 people. Today, the lab in Ra'anana with its new R&D facility in Carmiel employs around 800 people.
§ The development team at SAP Labs Israel participates in some of the SAP's most strategic projects:
o SAP Labs Israel contributes the largest of developer teams working on project “Mendocino,” the first joint-product initiative between SAP and Microsoft – enabling, for the first time, the access to SAP's applications via the Microsoft Office environment.
o SAP Labs Israel plays an important role in the developments of SAP NetWeaver, the platform for SAP applications and a growing number of applications built by SAP partners.
o SAP Labs Israel leads the development of SAP Business One, a comprehensive business management application for small and midsize enterprises (SMEs).
Returns:
§ SAP recorded a total revenue of €8.51 billion in 2005, an increase of 13% compared to the previous year.
§ SAP AG has a market cap of more than $50 billion
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