View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 8, 2014

SAP to stay independent for the long-term

SAP CEO gives revealing interview to German newspaper.

By Ben Sullivan

SAP, the German software-maker, will be staying independent for the foreseeable future.

Speaking to German newspaper Euro am Sonntag, SAP CEO Bill McDermott said that SAP will ‘absolutely’ remain independent.

He said: "We are an incredibly strong company with regard to globalisation. We have the clearest solution for our customers. And a very lush market capitalisation."

"I believe that as we gain more market share and our strategy and progress are better understood, the market value will also increase rapidly."

"The best way to remain independent as a company is to grow and have a good market capitalisation."

In 2004, SAP was in talks with Microsoft regarding a merger, but the plan was subsequently halted.

SAP is currently the fifth largest company in Germany’s cap DAX index, with a market capitalisaion of 70.5bn euros.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

 

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU