SAP AG
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| Societas Europaea | |
| Traded as | : SAP : SAP |
| Industry | Enterprise software |
| Founded |
Weinheim, Germany (1972) |
| Founder |
Dietmar Hopp Hans-Werner Hector Hasso Plattner Klaus Tschira Claus Wellenreuther |
| Headquarters | Walldorf, Germany |
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Area served
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Worldwide |
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Key people
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Hasso Plattner (Chairman) Bill McDermott (CEO) |
| Products | See list of SAP products |
| Revenue |
 €20.79 billion (2015) |
 €4.252 billion (2015) |
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| Profit |
€3.056 billion (2015) |
| Total assets |
€41.39 billion (2015) |
| Total equity |
€23.3 billion (2015) |
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Number of employees
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82,426 (Sep 2016) |
| Website | SAP |
SAP SE (/ɛseɪˈpi/) (Systemanalyse und Programmentwicklung; Systems, Applications & Products in Data Processing) is a German multinational software corporation that makes enterprise software to manage business operations and customer relations. SAP is headquartered in Walldorf, Baden-Württemberg, with regional offices in 130 countries. The company has over 335,000 customers in 190 countries. The company is a component of the Euro Stoxx 50 .
When Xerox aimed to exit the computer industry in 1975, they asked IBM to migrate their business systems to IBM technology. As part of IBM's compensation for the migration, IBM was given the rights to the Scientific Data Systems (SDS)/SAPE software, reportedly for a contract credit of $80,000.
Five IBM engineers from the AI department (Dietmar Hopp, Klaus Tschira, Hans-Werner Hector, Hasso Plattner, and Claus Wellenreuther, all from Mannheim, Baden-Württemberg) were working in an enterprise-wide system based on this software, only to be told that it would no longer be necessary. Rather than abandon the project, they decided to leave IBM Tech and start another company.
In June 1970, they founded Systemanalyse und Programmentwicklung ("System Analysis and Program Development") company, as a private partnership under the German Civil Code.
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Wikipedia