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 approximatel

(I-Newswire) February 25, 2005 - "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 )

(*) 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.

Copyright © 2005 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

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




Company Contact Information




Archive

February 25, 2005

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release. The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies / PR Agencies submit their press releases once per week/month or quarter, make sure check the official company website for accurate release dates as our site displays the I-Newswire.com distribution date only. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information.


Related Releases

86.7% Of People Think It Is A Good Time To Be Investing In Adelaide Property

Adelaide Finance Brokers Urbantech Group recently ran a survey on their website. They asked the simple question: "Do you think it is a good time to be i

The Metro Joins The Hunt For Santa With Ted Burns

Ted Burns, the host of Third Degree, is searching for Santa, also known as the Yuletide Yobbo. And now he's got the support of the Metro, the UK's leading free newspaper.

Punch Tv Remembers Vesta Williams

Punch TV Remembers Vesta Williams Punch TV had a relationship with Vesta Williams. Vesta was truly a beautiful woman inside and out. Punch TV CEO Joseph Collins is deeply sadden by her loss and is in true mourning right now.

Seizing The Option At Bygamer.com For Rift Plat Or Power Leveling

The depiction of Massively Multiplayer Role Playing Game, Rift appears in the realm of Telara.

Buying Cheap Wow Gold At MMOXE.COM

Buying Wow gold becomes convenient as there are many online wow gold sellers online these days.

Latest 10 Headlines

Encinitas-Dentis To Provide List Of Best Dental Service Providers For People In Encinitas, California

Encinitas-Dentist.com, a leading directory of dentists, provides a list of the best dental service providers for people in Encinitas, California.

Do You Want A Flawless Look?

Utilizing the ideal brushes is one trick to a flawless appearance. The ideal brush and brush collection play a crucial part in aiding you accomplish a excellent appearance.

How You Can Sell Your House in Des Moines Iowa

People interested in selling a distressed or ugly property in the greater Des Moines area need only call Grand Vision Homes to see what we can do for you. We are a veteran owned real estate solutions company focused on helping our communities.

Diamonds (and Steel) Are a Skin's Best Friend: Aesthetic VideoSource Presents "Microdermabrasion: Crystal-Free Techniques"

Tina Marie Zillmann demonstrates a complete crystal-free Microdermabrasion protocol for both diamond tip and stainless steel tip units. This treatment decreases the appearance of superficial hyperpigmentation, photo-damage, fine lines, and wrinkles.

Ghost Hunt Weekends Announces New Ghost Hunters Event on July 27th with Stars of Ghost Hunters

Paranormal Event specialist Ghost Hunt Weekends rolls out the new TAPS Fan Event with the stars of Syfy Channel's Ghost Hunters happening at the Sloss Furnace in Birmingham, Alabama on July 27, 2013.

54-40 with Guests Saturday, October 12, 2013

COMMODORE BALLROOM – VANCOUVER, BC Doors: 8:00PM Show: 9:30PM TICKETS ON SALE FRIDAY, MAY 24 @ 10AM

Abacus Worldwide Announces Founding Members

MIAMI, FLORIDA, USA – Abacus Worldwide announces Founding Members: We are happy to announce that Abacus Worldwide has admitted 15 new independent members in its first six months of recruitment as follows:

Chicago State University Welcomes Summer with the Smooth Sounds of Jazz

South Side Campus Kicks Off 4th Annual “Jazz in the Grazz” Concert Series

Skytech Solar and California Rainguard Offers 50% Off a New Roof When Solar Panels Are Installed

Solar Energy Company and Roof Installation Company Pair Up to Provide Big Savings

Peace of Mind Technologies to Donate CCTV System to Children’s Organization

POM Holds Charity Contest to Commemorate 10 Years in Business.

Helpful Articles

Increase Website Traffic By Using Press Releases
Write A Press Release For Big Time News
Get Backlinks From Press Releases
How To Write A Press Release Quick And Easy
Choosing A Press Release Service
Writing A News Press Release
Get More Traffic From Press Releases
Is A Press Release Service Worth It?
Effective Press Release Distribution
Create a Successful Online Press Release
Submit A Press Release and Get More Traffic
How To Write A Press Release
Check This Before You Send A Press Release
Using A Press Release Service For Your News Release

Our Services:

Submit Your Free Press Release Now.

Open Now:
Online Classified Ads at I-Newswire.com
Job Search Engine at I-Newswire.com
Car Search Engine at I-Newswire.com
Real Estate Search at I-Newswire.com
Website News Releases, Announcements and Updates

Other Cool Sites:
Breaking and Latest Automotive News
Learn the secrets on how to become an alpha male and how to meet girls on facebook at Dating-To-Mating.com. Check out the best spinner and instant article factory for your content writing needs.