SAP AG is a German software corporation that makes enterprise software to manage business operations and customer relations. Headquartered in Walldorf, Baden-Württemberg, with regional offices around the world, SAP is the market leader in enterprise application software. The company's best known products are its enterprise resource planning application , SAP BusinessObjects software, and most recently, Sybase mobile products and in-memory computing appliance SAP HANA. SAP was founded in June 1972 as Systemanalyse und Programmentwicklung by five former IBM engineers in Mannheim,... Baden-Württemberg . The acronym was later changed to stand for Systeme, Anwendungen und Produkte in der Datenverarbeitung . As part of the Xerox exit strategy from the computer industry, Xerox retained IBM to migrate their business systems to IBM technology.
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| NYSE symbol: | SAP |
| Founded: | 1972 |
| Founders: | Hasso Plattner, Klaus Tschira, Dietmar Hopp, Hans-Werner Hector |
| Headquarters: | Walldorf, Germany |
| Annual revenue: | $12,408,000,000 |
| Operating income: | $3,593,800,000 |
| Employees: | 51,200 |
| Industries: | Computer software, Enterprise resource planning |