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SAP TECHED

SAP SE
Societas Europaea
Traded as SAP
SAP
DAX Component
Industry Enterprise software
Founded Weinheim, Germany
(1972; 45 years ago (1972))
Founder Dietmar Hopp
Hans-Werner Hector
Hasso Plattner
Klaus Tschira
Claus Wellenreuther
Headquarters Walldorf, Germany
Area served
Worldwide
Key people
Products See list of SAP products
Revenue Increase22.062 billion (2016)
Increase €5.121 billion (2016)
Profit Increase €3.618 billion (2016)
Total assets Increase €44.354 billion (2016)
Total equity Increase €26.382 billion (2016)
Number of employees
84,183 (Q4 2016)
Website www.sap.com

SAP SE (/ɛsˈpi/) (Systeme, Anwendungen und Produkte in der Datenverarbeitung; "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 180 countries. The company has over 335,000 customers in over 180 countries. The company is a component of the Euro Stoxx 50 .

When Xerox aimed to exit the computer industry in 1975, it asked IBM to migrate its 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 abandoning the project, they decided to leave IBM Tech and start another company.

In June 1972, they founded Systemanalyse und Programmentwicklung ("System Analysis and Program Development") company, as a private partnership under the German Civil Code.


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