SAP to Establish Research and Development Center in Hungary
SAP AG (NYSE: SAP) today announced that it will launch a new research and development (R&D) center in Hungary. Opening in May 2005 with an initial staff of 50 software developers, SAP Labs Budapest is projected to expand its workforce to approximately 300 by the end of 2006. As part of SAP’s global development strategy in which each location has a clear focus and mission, the tenth SAP Labs center will be encharged with advancing SAP’s supply chain management (SCM) applications. Leading the efforts at SAP Labs Budapest will be Albrecht Diener, senior vice president and head of Supply Chain Development, SAP AG. Laure Le Bars will serve as the center’s managing director.
(I-Newswire) - “Research and development play an essential role at SAP as innovation is the springboard of success for our customers and for SAP itself,” said Claus Heinrich, member of the executive board, SAP AG. “SAP Labs Budapest will be a key driver in expanding the capabilities of our SCM applications to power tomorrow’s adaptive business networks for our customers, their business partners and their customers. Following a comprehensive evaluation process, Hungary was an easy choice given the wealth of local expertise in business processes and technologies as well as a sound infrastructure.”
SAP Labs Budapest will be an integral part of SAP’s global development network and its third European R&D center. In 2004, SAP invested more than one billion euros in R&D, approximately 70 percent of which in Europe. SAP Labs are created to distribute global development efforts and enable SAP to obtain the world’s best IT experts and work closely with high-tech communities around the world. These centers of excellence are encharged with the mission of supporting local and global markets, developing first-class solutions, and driving innovation and competitive advantage for SAP, its customers and its partners.
Currently, SAP AG maintains lab locations in Walldorf, Germany; Palo Alto, California, United States; Bangalore, India; Tokyo, Japan; Sophia Antipolis, France; Sofia, Bulgaria; Montreal, Canada; Tel Aviv, Israel; and Shanghai, China.
“The government awaits such companies that have already proved themselves to come to Hungary,” said Dr. János Kóka, Hungary’s Minister for Economic Affairs and Transport. “These companies provide capital for the country and high-quality jobs for well-trained Hungarian professionals.”
About SAP SAP is the world’s leading provider of business software solutions*. Today, more than 26,150 customers in over 120 countries run more than 88,700 installations of SAP® software — from distinct solutions addressing the needs of small and midsize businesses to enterprise-scale suite solutions for global organizations. Powered by the SAP NetWeaver™ platform to drive innovation and enable business change, mySAP™ Business Suite solutions are helping enterprises around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP industry solutions support the unique business processes of more than 25 industry segments, including high tech, retail, public sector and financial services. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol “SAP.” ( Additional information at <http://www.sap.com> )
( * ) SAP defines business software solutions as comprising enterprise resource planning and related software solutions such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
About SAP Hungary SAP Hungary is one of the largest software vendors of the Hungarian IT market. The remarkable growth it has made over the years marks a true success story in the local financial and business community. The company present in the Hungarian market for nearly 15 years has supplied solutions to almost 60 percent of Hungarian enterprises. Over the past few years it has become a reliable partner also to local SMBs. Its enterprise products are widely used by private and public sector organizations, utility companies, healthcare and higher education institutions, whereas its SMB portfolio ( mySAP All-in-One and SAP Business One solution suite ) enables companies of all sizes and industries to efficiently manage their business processes. The consulting and education services provided by SAP Hungary, a company employing over 140 people, have also contributed to making SAP to be a leading player in the Hungarian IT market. Further information: www.sap.hu
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ( "SEC" ), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 ( 800 ) 872-1SAP ( 1-800-872-1727 )
For more information, press only: Markus Berner, SAP AG, +49 6227 7-42548, markus.berner@sap.com, CET SAP Press Office, +1 ( 610 ) 661-3200, press@sap.com, EST Anikó Exterde, SAP Hungary, +36 1 488 54 19, aniko.exterde@sap.com, CET
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