| WALLDORF, Germany -
February 20, 2007 - Addressing C-level executive requirements for
comprehensive analytic applications for performance management, SAP
AG (NYSE: SAP) today announced the acquisition of Pilot Software,
a privately-held company specializing in strategy management software.
With this “tuck-in” acquisition, SAP is adding a critical
piece to its portfolio of analytic applications and furthering its
commitment to provide C-level executives with the tools necessary
for effective performance management by fostering alignment across
their organizations. By aligning strategy with execution, organizations
are able to improve corporate performance, accelerate management decision-making,
facilitate collaboration and turn information into value.
Founded in 2002, Pilot Software has more than 150
customers worldwide utilizing its strategy management solutions
across a variety of industries including financial services, public
sector, retail and many others. Pilot’s flagship product,
PilotWorks, helps organizations empower their employees to effectively
execute on strategies by aligning the three cornerstones of strategy
management — goals, initiatives and metrics. Additionally,
PilotWorks addresses executive requirements around managing goals,
initiatives and metrics and codifying strategies to make them relevant
to the daily business processes of information workers. The PilotWorks
product will be integrated with SAP applications and built on the
SAP NetWeaver® platform, allowing SAP customers to leverage
their current investments in SAP solutions to gain new business
value.
“Analytic applications that help organizations
manage their performance effectively represent a strategic area
of investment for SAP as we continue to expand our leadership in
this market,” said Doug Merritt, executive vice president
and general manager, Suite Optimization, SAP. “With the acquisition
of Pilot Software, we are providing an advanced system for defining
and managing strategies that is integrated with the business processes
of information workers. By providing contextually-relevant information
to employees in a highly collaborative user experience, we are making
strategy relevant to every employee in a company, thus bringing
immediate value to a strong cross-section of our customer base.”
Leveraging analytics to improve performance management
has been among the top priorities of senior executives in the last
five years and is an area in which SAP continues to broaden its
portfolio and further strengthen its leadership position in the
analytic applications market. With SAP’s analytic applications,
C-level executives can make the most meaningful, confident decisions
about their businesses by optimizing core business processes critical
to their industries to deliver high performance. More critically,
C-level executives can assure that the strategies codified in SAP’s
analytic applications are translated into execution by their employees
through tight integration with SAP’s core business applications
such as enterprise resource planning (ERP), customer relationship
management (CRM) and supply chain management (SCM). Designed around
Web 2.0 technologies, analytic applications from SAP enable information
workers to leverage their collective intelligence and work collaboratively
to bridge the gap between strategy and execution.
“Pilot Software has had a strong focus on customer
success, and now with the PilotWorks strategy management software
becoming an integral part of SAP’s analytic offerings, organizations
are empowered to achieve successful alignment across their organizations
and achieve their performance objectives,” said Jonathan D.
Becher, CEO and president, Pilot Software. “This is an exciting
time for Pilot Software and its customers who will gain immediate
value from the breadth of SAP’s portfolio.”
The transaction with Pilot Software is continuing
evidence of the SAP strategy to use “fill-in” acquisitions
to add to its broad solution offering by gaining specific technologies
and capabilities that meet the needs of its customers, within industries
or across industries, while maintaining its successful track record
of organic growth.
Headquartered in Mountain View, California, Pilot
Software provides solutions to customers around the world. While
integration plans are still being finalized, SAP said it intended
to continue operations in these offices and that Pilot Software
employees would become part of the worldwide network of SAP Labs.
The acquisition was completed on February 14, 2007. Terms of the
transaction were not disclosed.
About SAP
SAP is the world’s leading provider of business software*.
Today, more than 38,000 customers in more than 120 countries run
SAP® applications—from distinct solutions addressing the
needs of small businesses and midsize companies to suite offerings
for global organizations. Powered by the SAP NetWeaver® platform
to drive innovation and enable business change, SAP software helps
enterprises of all sizes around the world improve customer relationships,
enhance partner collaboration and create efficiencies across their
supply chains and business operations. SAP solution portfolios support
the unique business processes of more than 25 industries, including
high tech, retail, financial services, healthcare and the public
sector. With subsidiaries in more than 50 countries, the company
is listed on several exchanges, including the Frankfurt stock exchange
and NYSE under the symbol “SAP.” (Additional information
at <http://www.sap.com>)
(*) SAP defines business software as comprising enterprise
resource planning and related applications such as supply chain
management, customer relationship management, product life-cycle
management and supplier relationship management.
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