SAP

SAP is a global software provider of Enterprise Resource Planning software applications which support business process of all sizes. SAP’s Products focus on Enterprise Resource Planning and the current version is ERP 6.0. While SAP’s products were primarily targets fortune 500 companies and now it is actively targeting small and medium sized enterprises with it’s SAP business one and SAP Business All-in-One.

SAP the company was founded in Germany in 1972 by five ex-IBM engineers.SAP stands forSystems, Applications, Products in Data Processing. Being incorporated in Germany, the full name of the parent company is SAP AG. It is located in Walldorf, Germany which is close to the beautiful town of Heidelberg. SAP has subsidiaries in over 50 countries around the world from Argentina to Venezuela SAP America is located just outside Philadelphia, PA. 

SAP was founded in June 1972 as Systemanalyse und Programmentwicklung ("System Analysis and Program Development") by five former IBM engineers in Mannheim, Baden-Württemberg (Dietmar Hopp, Klaus Tschira, Hans-Werner Hector, Hasso Plattner, and Claus Wellenreuther) The acronym was later changed to stand for ( Systeme, Anwendungen und Produkte in der Datenverarbeitung) Systems, Applications and Products in Data Processing.
 
As part of the Xerox exit strategy from the computer industry, Xerox retained IBM to migrate their business systems to IBM technology. As part of IBM's compensation for the migration, IBM acquired the SDS/SAPE software, reportedly for a contract credit of $80,000. The SAPE software was given by IBM to the founding ex-IBM employees in exchange for founding stock provided to IBM

SAP is the world's largest business software company and the third-highest revenue independent software provider It operates in four geographic regions: EMEA (Europe, Middle East, Africa), America (United States and Canada), LAC (Latin America and Caribbean), and APJ (Asia Pacific and Japan), which represents Japan, Korea, Australia and New Zealand, India, Greater China, and Southeast Asian countries. In addition, SAP operates a network of 115 subsidiaries, and has R&D (Research & Development) facilities around the globe in Germany, India, US, Canada, France, Brazil, Turkey, China, Hungary, Israel, Ireland and Bulgaria.

SAP focuses on six industry sectors: process industries, discrete industries, consumer industries, service industries, financial services, and public services. It offers integrated product sets for large enterprisesand midsize companies and small businesses.