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SAP SE is a German multinational software corporation based in Walldorf, Baden-Württemberg, that develops enterprise software to manage business operations and customer relations.
Their machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. Their end-to-end suite of applications and services enables the customers to operate profitably, adapt continuously, and make a difference. Know more about the company profile of SAP SE here in this article.
SAP - Company Highlights
| Startup Name | SAP SE |
|---|---|
| Headquarters | Walldorf, Baden-Württemberg, Germany |
| Industry | Software |
| Founded | 1972 |
| Founders | Dietmar Hopp, Hasso Plattner, Claus Wellenreuther, Klaus Tschira, and Hans-Werner Hector |
| CEO | Christian Klein |
| Area Served | Worldwide |
| Website | www.sap.com |
SAP - About and How it Works?
SAP - Recent News
SAP - Founder and History
SAP - Logo and its Meaning
SAP - Mission
SAP - Business Model
SAP - Revenue and Growth
SAP - Funding and Investors
SAP - Investments
SAP - Acquisitions
SAP - Partnerships
SAP - Competitors
SAP - Future Plans
SAP - FAQs
SAP - About and How it Works?
SAP stands for Systems, Applications, and Products in Data Processing (Anwendungen und Produkte in der Datenverarbeitung in German). SAP was founded in 1972 in Walldorf, Germany and now has offices around the world.
Originally known for leadership in enterprise resource planning (ERP) software, SAP has evolved to become a market leader in end-to-end enterprise application software, database, analytics, intelligent technologies, and experience management. A top cloud company with 200 million users worldwide, SAP helps businesses of all sizes and in all industries to operate profitably, adapt continuously, and achieve their purpose.
- The company's official name became SAP AG (a public limited company) after the 2005 annual general meeting. On 21 May 2014, SAP AG announced during the Annual General Meeting of Shareholders held on the same day, 99% of the shareholder votes approved the conversion of legal form to a European stock corporation (Societas Europaea, SE) and at the same time, elected the first Supervisory Board of SAP SE. The conversion of the company's legal form would take place upon entry in the commercial register, expected to be in July 2014.
- On 7 July 2014, SAP announced it had changed its legal form to a European Company (Societas Europaea, SE). As a result, its German subsidiary was renamed to SAP Deutschland SE & Co. KG.the conversion cost the company approximately €4 million.
SAP - Recent News
As of January 2021, SAP SE Extends Executive Board: Julia White Joins as Chief Marketing and Solutions Officer, Scott Russell Takes Over Customer Success.
SAP - Founder and History
On April 1, 1972, five former IBM employees –Dietmar Hopp, Hasso Plattner, Claus Wellenreuther, Klaus Tschira, and Hans-Werner Hector –started the company SystemAnalyse Programmentwicklung(System Analysis and Program Development), with a vision of creating a standard application software for real-time business processing. SAP stands for Systems Applications and Products in Data Processing.
Their idea was to create standard enterprise software that integrated all business processes and enabled data processing in real time. SAP's founders and employees worked closely with customers –often sitting side-by-side with employees in customers’ offices to learn their business needs and processes. By 1975, they had built applications for financial accounting (RF), invoice verification, and inventory management (RM). Some of their early customers were the nylon factory belonging to ICI in Östringen, Germany, Knoll, Burda, Linde, and Schott.
The blend of real-time data processing, standardization, and integration were the basis for SAP’s transformation from a small German company into a global leader in business software.
Arbaaz sayed
SAP - Logo and its Meaning
SAP decided to run simpler by mastering complexity so their customers can run at their best. The new logo which was explored was supposed to represent this transformation in a warm and friendly way which it does.
SAP - Mission
SAP's mission is to help every customer become a best-run business. They do this by delivering technology innovations that address the challenges of today and tomorrow without disrupting their customers' business operations.
SAP - Business Model
SAP has a mass market business model, with little differentiation between customers. Its customers are any enterprises that wants software for the purpose of managing operations and employees. The SAP business model entails designing and developing new software products.
SAP has a value-driven structure, that aims to provide a premium proposition by adding its products with training and consulting services. Its biggest cost driver is sales/marketing expenses, a fixed cost.
Sarika Anand
SAP - Revenue and Growth
The SAP revenue streams are as follows:
- Cloud subscription sales
- Software licensing fees
- Service (training and consulting) fees
SAP - Funding and Investors
SAP has raised a total of $1.3B in funding over 2 rounds. Their latest funding was raised on Apr 24, 2019 from a Post-IPO Equity round. SAP is funded by 2 investors. Elliott Management Corp. and EASME - EU Executive Agency for SMEs are the most recent investors.
| Date | Round | Amount | Lead Investors |
|---|---|---|---|
| Apr 24, 2019 | Post IPO Equity | $1.3B | Elliot Management Corp. |
| Jun 1, 2015 | Grant | €1.3M | - |
SAP - Investments
SAP has made 26 investments. Their most recent investment was on Aug 4, 2020.
| Date | Organization Name | Round | Amount |
|---|---|---|---|
| Aug 4, 2020 | Vistex | Corporate Round | - |
| Feb 3, 2020 | PlainID | Corporate Round | - |
| Apr 25, 2019 | Ruum | Corporate Round | €10M |
| Dec 1, 2018 | Inversation | Corporate Round | - |
| Aug 26, 2016 | Vivanda | Funding Round | - |
| Dec 1, 2015 | ThreatConnect | Series B | $16M |
| Jan 20, 2015 | Alchemist Accelerator | Venture Round | $2.1M |
| Sep 3, 2014 | BlackDuck | Series F | $20M |
| Sep 10, 2013 | Virtustream | Series D | $40M |
| Oct 12, 2011 | BlackDuck | Series E | $12M |
SAP - Acquisitions
SAP has acquired 46 organizations. Their most recent acquisition was Emarsys on Oct 1, 2020.
| Acquiree Name | Date | Amount | About Acquiree |
|---|---|---|---|
| Emarsys | Oct 1, 2020 | - | Emarsys enables brands around the world to deliver truly personal customer interactions across email, mobile, social, and web – at scale. |
| Contextor | Nov 19, 2018 | - | Contextor is an independant software vendor, pioneer in robotic process automation & robotic desktop automation. |
| Qualtrics | Nov 10, 2018 | $8B | Qualtrics is a single system of record for all experience data, managing customer, product, employee, and brand experiences on one platform. |
| Coresystems | Jun 5, 2018 | - | Coresystems builds mobile and cloud-based field service management solutions to give customers the ultimate real-time service experience. |
| CallidusCloud | Jan 29, 2018 | $2.4B | Callidus Software Inc provides sales effectiveness software and services. |
| Recast.AI | Jan 22, 2018 | - | Recast.AI offers a chatbot development platform. |
| Gigya | Sep 24, 2017 | $350M | Gigya offers a Customer Identity Management Platform that businesses can use to identify customers, aggregate data & personalize campaigns. |
| Abakus | Dec 14, 2016 | - | Abakus provides online and offline media marketing software solutions for advertisers and consumers. |
| PLAT.ONE | Sep 28, 2016 | - | PLAT.ONE is the First Enterprise-Grade IoT Application Platform |
| Altiscale | Aug 25, 2016 | $125M | Altiscale is a Big Data platform that operates through the cloud service. |
SAP - Partnerships
SAP partners include Global Services Partners with cross-industry multinational consulting capabilities, Global Software Partners providing integrated products that complement SAP Business Suite solutions, and Global Technology Partners providing user companies with a wide range of products to support SAP technology, including vendors of hardware, database, storage systems, networks, and mobile computing technology.
Extensions partners are companies which provide functionality that complements SAP product capabilities. Their products are certified, sold, and supported by SAP. These partner companies include Adobe, CA Technologies, GK Software, Tricentis, Hewlett-Packard, IDS Scheer, Mendix, OpenText, Knoa Software, and BackOffice Associates.
SAP has also partnered with Apple to work on the mobile experience for SAP enterprise customers. As part of the partnership, a new SAP HANA Cloud Platform SDK would be delivered exclusively for iOS. As a result, developers can build applications based on the SAP HANA Cloud Platform for the iPhone and iPad devices. The partnership was announced in May 2016.
In 2019, SAP announced a three-year partnership "Embrace" with Microsoft that should allow its clients to move their business process into the cloud. SAP teams up on cloud sales with Microsoft
In 2020 SAP announced that together with Wipro it will co-develop and market "solutions for the retail and fashion industry."
SAP - Competitors
The top 10 competitors in SAP's competitive set are Microsoft, IBM, Oracle, Salesforce, Adobe, VMware, Workday, ServiceNow, Symantec and Tableau.
Sarika Anand
SAP - Future Plans
SAP knows that to fulfill the expectations of new customers, its required to have the flexible IT systems. It also comes along with changing the business models, which need to be adopted in a very quick manner to stay on top of the market.
- From a techie-perspective, SAP is engaging in a highly integrated but modular approach to provide an integrated, intelligent suite for customers, for sure based on cloud-native technologies. And here, this will help them to deliver continuous innovations and services to customers.
- From a business process perspective, ERP is becoming a process as a service, and we will offer the business capabilities that will help companies to run at their best which means SAP enables new business models like consumption-based billing, subscription-based businesses, etc.
SAP - FAQs
What does SAP do?
Originally known for leadership in enterprise resource planning (ERP) software, SAP has evolved to become a market leader in end-to-end enterprise application software, database, analytics, intelligent technologies, and experience management.
Who founded SAP?
On April 1, 1972, five former IBM employees –Dietmar Hopp, Hasso Plattner, Claus Wellenreuther, Klaus Tschira, and Hans-Werner Hector –started the company SystemAnalyse Programmentwicklung(System Analysis and Program Development).
What companies do SAP compete with?
The top 10 competitors in SAP's competitive set are Microsoft, IBM, Oracle, Salesforce, Adobe, VMware, Workday, ServiceNow, Symantec and Tableau.
How does SAP make money?
SAP has a mass market business model, with little differentiation between customers. Its customers are any enterprises that wants software for the purpose of managing operations and employees.
Author: Sarika Anand
Source : https://startuptalky.com/sap-success-story/
Date : 2021-04-19T15:49:00.000Z