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Sap Introduction


Submitted By zqr0022004
Words 428
Pages 2
Qirui Zhong,
Acct 2250 (01)
Professor Miller,
Oct, 19th, 2013

SAP Introduction
SAP was founded in 1972 and today they are recognized as the world's largest inter-enterprise software company. Five former IBM employees start a company they call SAP Systemanalyse und Programmentwicklung ("System Analysis and Program Development). Its products vision is Standard application software for real-time data processing is developed. Taking the initial form of a private partnership under the German Civil Code, the company establishes its headquarters in Weinheim, Germany, and opens an office in nearby Mannheim. However, SAP's five founders spend most of their time in the data centers of their first customers, which include the German branch of Imperial Chemical Industries in Östringen.(1).
Their products cater to various sectors of industry and every dynamic market. Their various software systems have put them as the third largest independent software supplier and their continuing excellence makes them an excellent software company. The great technological advances they have achieved in software have allowed SAP to maintain a high regard of respect from other major corporations in their industry. By implementing user-friendly software programs they have crafted a service and development resource that has made those major corporations to create an efficient and effective supply chain and developed customer relations in their respective fields of business. To date SAP currently employs over 248,500 personnel in their facilities which span out over 50 countries. SAP can be found in Europe, the America's, and Asia. Their main headquarters is in Walldorf. Although, SAP has grown in mass proportion since their beginning, they never left their grassroots. The pride in their home country speaks volumes that they never left to create this premier software company. Although the company has been around for 41 years the company still exhibits an enormous desire to maintain their presence for another three decades. SAP has taken advantage of their financial growth and since 1996 has started investing in companies that share the same desire for innovation in technology. The name of this department is appropriately called SAP Ventures. Composed of five investment professionals, they seek out to build businesses to create a shareholder value for everyone involved. The process of which company to choose is extremely selective, but the premise is the same in that they are seeking companies that are emerging in technology. On Oct 2nd, it also showed on Bloomberg’s TV show: Money Moves, presented that SAP Ventures, raised more than $650 million for its latest fund, bringing the total amount it manages to $1.4 billion.(2)

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