Brief

SAP India named the ‘Jewel in the Crown’

Bill McDermott, President and CEO of SAP Americas and Asia Pacific Japan (Right) and Ranjan Das, President and CEO SAP Indian Subcontinent at the summit

2008 marked the completion of over a decade (12 years) of SAP’s existence in India. In the fifth edition of SAP’s summit, SAP India, which happens to be the fastest growing region within SAP, was named the ‘Jewel in the Crown’ of SAP worldwide. SAP India has continued momentum of over 100% growth both in terms of software license revenue and customer acquisition over the last year.

SAP’s Summit 2008 was a three-day annual business and technology forum that had around 3,500 participants and more than 150 presentations in various tracks.

Bill McDermott, President and CEO of SAP Americas and Asia Pacific Japan mentioned that Business Beyond Boundaries (optimize, transform and execute business) was the theme of this summit. He said, “I am extremely proud to announce that with holistic growth and strong continued momentum, SAP India has emerged as the ‘Jewel in the Crown’ for SAP worldwide. India is the growth engine for SAP and we at SAP pledge to strengthen our commitment to the Indian market and continue to be the catalyzing force behind this unprecedented growth story.”

SAP India clocked growth of 67% in software license revenues during Q1 2008. While small and mid-sized segment revenues grew by 43%, consulting and education revenue grew by 34% and 100%, respectively.

SAP India has emerged as a leading player in the small and mid-sized enterprise space with 27% market share in revenue terms during CY 2007 in India Enterprise Applications.

“Our growing customer numbers clearly show that we have the right strategy of supporting small and mid-sized companies in their quest for success and growth. We continue to foster this growth with our focus on the small and mid-sized sector; we will remain the trusted partner of choice for them. We measure our success from the value that we create for our customers,” said Ranjan Das, President and CEO SAP Indian Subcontinent.

SAP’s ventures Investment plan in India was announced at SAP Summit 2008. The company wants to foster and nurture innovation in corporate India through SAP Ventures. Directly investing in India for the first time, the company will help Indian entrepreneurs build fast-growing companies with a global footprint.

For over 12 years, SAP Ventures has been investing in companies in USA and Europe that build innovative new technologies and applications. Investing in India has now become a key focus for SAP Ventures, both since India is one of the fastest growing economies in the world and due to the large talent pool that is at the forefront of the technology revolution.

The SAP Business ByDesign, an on-demand business software solution was also announced for India. The solution is targeted exclusively to mid-market companies ranging from 100 to 500 employees, including growing companies that typically have not invested in these types of integrated business solutions before.