Together they will deliver a state-of-the-art enterprise portal solution that enables companies to improve productivity and create efficiencies by providing employees, customers and partners with a single place to access all the information, applications and services they need from both internal and external sources. The joint enterprise portal solution provides both stickiness and empowerment.

Under the agreement, the companies will work together to develop a joint enterprise portal and market it directly to their customers and through their respective sales channels. SAP Portals, the new SAP subsidiary devoted to creating enterprise portals and information solutions (see today’s related release), will work with both SAP and Yahoo! to provide an unparalleled combination of an enterprise portal platform and open access to applications, services and rich personalized external content.

The combined solution will leverage Yahoo!’s position as the No. 1 most visited Web site in the workplace according to Nielsen//NetRatings latest rankings as well as SAP’s clear leadership in the e-business solutions market. The enterprise portal by Yahoo! and SAP will be a natural extension of what both companies already do well: provide scalable and customized content and solutions on a global basis with the individual in mind. It will provide people with a single point of access to information, applications and services from both SAP and Yahoo!, as well as third-party components, including e-business applications and services, online exchanges, enterprise content and global Internet content available in 13 languages from Yahoo!’s 2,000 content and service providers.

This agreement will further solidify Yahoo!’s position as a major player in the enterprise portal market, and advances the Yahoo! platform that has been adopted by major companies, including McDonald’s, Honeywell and Seagate Technology, said Tim Koogle, chairman and chief executive officer of Yahoo! Inc. Working in tandem with SAP, we see a tremendous opportunity to extend our platform through delivering the joint enterprise portal solution through our combined channels.

The combination of SAP and Yahoo! will provide the best solution for all companies in terms of content, scalability and application integration, said Hasso Plattner, co-chairman of the executive board, CEO and co-founder of SAP AG. Ours will be the best available enterprise portal that combines robust content and functionality with an intuitive user interface. We expect the joint product will be the enterprise portal of choice for business.