October 7, 2007 - SAP announced that it will acquire Business Objects, the market leader in business intelligence software, for $6.8 billion.
Together, SAP and Business Objects intend to offer high-value solutions for process- and business-oriented professionals. The solutions will be designed to enable companies to strengthen decision processes, increase customer value and create sustainable competitive advantage through real-time, multi-dimensional business intelligence. SAP and Business Objects believe that customers will gain significant business benefits through the combination of new, innovative offerings of enterprise-wide business intelligence solutions along with embedded analytics in transactional applications. Additionally, the joint partner ecosystems will be fueled by the industry’s most powerful business process platform providing customers with the best enterprise information management platform available for SAP and non-SAP environments.
SAP is the world’s leading provider of business software with more than 41,200 customers in more than 120 countries running SAP applications—from distinct solutions addressing the needs of small and midsize enterprises to suite offerings for global organizations. A key component of SAP’s growth strategy is to significantly increase its revenues from new products including addressing the growing demands of Business Users.
“We are highly committed to the next generation of applications serving Business Users,”said Henning Kagermann, CEO of SAP AG. “The combination of SAP and Business Objects in their respective domains will benefit customers, prospects, partners, employees and shareholders. At SAP, we are excited about the prospect of having Business Objects join the SAP Group.”
October 18, 2007 - SAP announced that Wal-Mart Stores, Inc. (NYSE: WMT) will enhance its financial information systems using SAP.
Wal-Mart chose SAP® ERP Financials for its ability to support the retailer’s global expansion and its need to efficiently respond to changes in the business and regulatory landscape.
Wal-Mart recently conducted a thorough evaluation of its financial information systems to determine what was needed to support the company’s $350 billion business as well as its next stage of growth. Wal-Mart plans to implement SAP globally in phases, with the first phase expected to be completed in calendar year 2010. This solution will replace some legacy systems while integrating with other internal Wal-Mart systems.
“Technology has played a central role in the growth and success of our business,” said Rollin Ford, executive vice president and chief information officer, Wal-Mart. “We believe SAP’s experience in helping global companies with their financial systems will bring more flexibility and scalability to our growing business.”
“SAP has a proven track record of helping retail customers worldwide achieve their goals for leadership and growth, resulting in competitive advantage with happier consumers and lower overall business costs,” said Bill McDermott, president and CEO, SAP Americas and Asia Pacific Japan. “Today’s announcement is further evidence of SAP’s dedication to its customers by providing top-rated solutions that address complex retail business needs. We are extremely excited to add the world’s largest company to our growing family.”