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

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
European Technology Leadership: Deutsche Bank CTO Gordon Mackechnie
Print’s role in driving the environmental agenda
What finance leaders get wrong about digital transformation

 

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. 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.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU