SAP AG (ISIN: DE0007164600, FWB: SAP, NYSE: SAP) is a multinational software development and consulting corporation, which provides enterprise software applications and support to businesses of all sizes globally. Headquartered in Walldorf, Germany, with regional offices around the world, SAP is (as of 2009) the largest software enterprise in Europe and the fourth largest software enterprise in the world. The company's best known product is its S...
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SAP AG (ISIN: DE0007164600, FWB: SAP, NYSE: SAP) is a multinational software development and consulting corporation, which provides enterprise software applications and support to businesses of all sizes globally. Headquartered in Walldorf, Germany, with regional offices around the world, SAP is (as of 2009) the largest software enterprise in Europe and the fourth largest software enterprise in the world. The company's best known product is its SAP Enterprise Resource Planning (SAP ERP) software.
SAP was founded in 1972 as Systemanalyse und Programmentwicklung ("System Analysis and Program Development") by five former IBM engineers in Mannheim, Baden-Württemberg (Dietmar Hopp, Hans-Werner Hector, Hasso Plattner, Klaus E. Tschira, and Claus Wellenreuther).
As part of the Xerox exit strategy from the computer industry, Xerox retained IBM to migrate their business systems to IBM technology. As part of IBM's compensation for the migration, IBM acquired the SDS/SAPE software, reportedly...
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