Author Topic: SAP History  (Read 166 times)

0 Members and 1 Guest are viewing this topic.

Offline Transformer10

  • Full Member
  • *
  • Posts: 104
  • Karma: +0/-0
    • View Profile
SAP History
« on: October 17, 2008, 08:04:09 PM »
A little History about SAP... This is interesting especially those who want to make shift to SAP.

SAP was founded in the year 1972 as Systemanalyse und Programmentwicklung ("System Analysis and Program Development")by five former IBM engineers in Mannheim, Baden-Württemberg (Dietmar Hopp, Hans-Werner Hector, Hasso Plattner, Klaus E. Tschira, and Claus Wellenreuther).

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, reportedly 8%. It may be noted that, at the time they left IBM, the ex-employees were quite senior engineers in IBM Germany rather than founding engineers in the sense of Hewlett-Packard\'s founders.

The acronym was later changed to stand for Systeme, Anwendungen und Produkte in der Datenverarbeitung ("Systems, Applications and Products in Data Processing").

In 1976 "SAP GmbH" was founded and the following year it moved headquarters to Walldorf. SAP AG became the company\'s official name after the 2005 annual general meeting (AG is short for Aktiengesellschaft).

In August 1988, SAP GmbH transferred into SAP AG (a corporation by German law), and public trading started November 4. Shares are listed on the Frankfurt and Stuttgart stock exchange.[4]

Four of the founding members -- Hopp, Plattner, Tschira and Hector -- form the executive board. In 1995, SAP was included in the German stock index DAX. On September 22, 2003, SAP was included in the Dow Jones STOXX 50.[5] In 1991, Prof. Dr. Henning Kagermann joined the board; Dr. Peter Zencke became a board member in 1993.[6] Claus Heinrich,[7] and Gerhard Oswald [8] have been members of the SAP Executive Board since 1996. Two years later, in 1998, the first change at the helm took place. Dietmar Hopp and Klaus Tschira moved to the supervisory board and Dietmar Hopp was appointed Chairman of the supervisory board. Henning Kagermann was appointed as Co-Chairman and CEO of SAP next to Hasso Plattner. Werner Brandt joined SAP in 2001 as a member of the SAP Executive Board and Chief Financial Officer. Léo Apotheker has been a member of the SAP Executive Board and president of Global Customer Solutions & Operations since 2002, was appointed Deputy CEO in 2007, and then became co-CEO alongside Kagermann in 2008.

Henning Kagermann became the sole CEO of SAP in 2003.[10] In February 2007 his contract was extended until 2009. After continuous disputes over the responsibility of the development organization, Shai Agassi, a member of the executive board who had been named as a potential successor to Kagermann, left the organization.


http://en.wikipedia.org/wiki/SAP_AG

Techronnati | where technology never sleeps

SAP History
« on: October 17, 2008, 08:04:09 PM »

Mountain View

 

Related Topics

  Subject / Started by Replies Last post
7 Replies
259 Views
Last post October 22, 2008, 06:26:43 PM
by CyborgRepublic
0 Replies
176 Views
Last post October 17, 2008, 08:07:31 PM
by MoneyRepublic
0 Replies
78 Views
Last post August 07, 2014, 03:02:42 AM
by MoneyRepublic
0 Replies
83 Views
Last post July 21, 2016, 02:24:06 AM
by LadyProgrammer
0 Replies
93 Views
Last post August 23, 2016, 02:19:34 AM
by MrSpecialist

Posting Disclaimer: Any individual may post a message in this forum and may do so anonymously. Therefore, the sole author is exclusively and entirely responsible for all opinions in that message. They do not represent the official opinions of Techronnati, its administrators or moderators or the Techronnati Management. Techronnati is merely acting as an impartial conduit for constitutionally protected free speech and is not responsible and will not be held liable for the content of such messages. All images and service logos are trademarks of their respective owners.