SAP

German software giant SAP SE is headquartered in Walldorf, Baden-Württemberg. SAP began as a private partnership called Systemanalyse und Programmentwicklung in 1972. To handle client relationships and business processes, it creates enterprise software. The business is the top vendor of enterprise resource planning (ERP) software in the entire world. In terms of market capitalization, SAP is the biggest firm in Germany. The company not only sells ERP software but also database software and technology (especially its own brands), cloud-engineered systems, and other ERP software products like human capital management (HCM) software, customer relationship management (CRM) software (also known as customer experience), enterprise performance management (EPM) software, and many more.

Since 2012, SAP has purchased multiple cloud-based product firms, with some multibillion-dollar purchases considered by analysts as an attempt to compete with Oracle. SAP paid $8.3 billion for Concur Technologies, a supplier of cloud-based travel and expense management software, in 2016, making it SAP's most costly acquisition to that point. Analysts' views to the acquisition were divided, with Commerzbank's Thomas Becker wondering if Concur was the best pick for SAP, while Credit Suisse termed it an "aggressive" move.

SAP, the global leader in enterprise application software, is rethinking ERP and building networks of intelligent companies to provide transparency, robustness, and sustainability throughout supply chains, allowing businesses of all sizes and industries to perform better. Their comprehensive range of apps and services enables their customers to operate profitably, adapt continuously, and make a worldwide impact.

Founded: 1972
Headquarters: Walldorf, Germany
Website: https://www.sap.com/