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SAP Ventures to nurture innovation in corporate India
10 Jun '08
4 min read
In fact, the record-breaking topline growth comprises not just new business wins, but a significant number of competitive win-backs including Moser Baer to Sasken Communications and Greaves Cotton Ltd.
This indicates that companies are increasingly migrating to SAP solutions to foster their growth. The stability, scalability and long-term outlook of SAP solutions has taken the customer satisfaction index to the 91.9% mark.
SAP Ventures Invests in India: Partners Indian Innovation SAP will foster and nurture innovation in corporate India through SAP Ventures. Directly investing in India for the first time, the company will help Indian entrepreneurs build fastgrowing companies with a global footprint.
For over 12 years, SAP Ventures has been investing in companies in USA and Europe that build innovative new technologies and applications.
Investing in India has now become a key focus for SAP Ventures, both since India is one of the fastest growing economies in the world and due to the large talent pool that is at the forefront of the technology revolution.
As Nino Marakovic, SVP and Head of SAP Ventures, comments, “Indian innovation already benefits the global economy. Indian companies have been building products on an out-sourced basis for sometime, but have now started developing and selling directly to value conscious customers worldwide.
We are thrilled to be investing directly in Indian start-ups with a broad investment focus. We look forward to being party to the powerful innovative spirit and ecosystem in this country.”
SAP Ventures operates under two independent but synergistic imperatives. First, it acts autonomously in discovering and pursuing opportunities for outstanding financial returns that may be independent of or central to SAP's corporate strategic focus.
Second, it brings substantial benefit to both its portfolio companies and SAP by facilitating interaction between innovative young companies and the SAP ecosystem.
SAP Business by Design: Supporting Faster Time to Value SAP Business ByDesign, the company's most complete and adaptable on-demand business software solution, is now announced for India.
Complementing the established and very successful SAP solution portfolio for small and midsize companies, the solution is targeted exclusively to mid-market companies ranging from 100 to 500 employees, including growing companies that typically have not invested in these types of integrated business solutions before.
For more information please see press release “SAP India catalyses Nation's SME Boom”. As Ranjan Das, President & CEO SAP Indian Subcontinent comments, “SAP India has emerged as a de-facto partner for corporate India on its journey to global competitiveness. We intend to build on this partnership as India Inc scripts the next phase of its growth.”
This indicates that companies are increasingly migrating to SAP solutions to foster their growth. The stability, scalability and long-term outlook of SAP solutions has taken the customer satisfaction index to the 91.9% mark.
SAP Ventures Invests in India: Partners Indian Innovation SAP will foster and nurture innovation in corporate India through SAP Ventures. Directly investing in India for the first time, the company will help Indian entrepreneurs build fastgrowing companies with a global footprint.
For over 12 years, SAP Ventures has been investing in companies in USA and Europe that build innovative new technologies and applications.
Investing in India has now become a key focus for SAP Ventures, both since India is one of the fastest growing economies in the world and due to the large talent pool that is at the forefront of the technology revolution.
As Nino Marakovic, SVP and Head of SAP Ventures, comments, “Indian innovation already benefits the global economy. Indian companies have been building products on an out-sourced basis for sometime, but have now started developing and selling directly to value conscious customers worldwide.
We are thrilled to be investing directly in Indian start-ups with a broad investment focus. We look forward to being party to the powerful innovative spirit and ecosystem in this country.”
SAP Ventures operates under two independent but synergistic imperatives. First, it acts autonomously in discovering and pursuing opportunities for outstanding financial returns that may be independent of or central to SAP's corporate strategic focus.
Second, it brings substantial benefit to both its portfolio companies and SAP by facilitating interaction between innovative young companies and the SAP ecosystem.
SAP Business by Design: Supporting Faster Time to Value SAP Business ByDesign, the company's most complete and adaptable on-demand business software solution, is now announced for India.
Complementing the established and very successful SAP solution portfolio for small and midsize companies, the solution is targeted exclusively to mid-market companies ranging from 100 to 500 employees, including growing companies that typically have not invested in these types of integrated business solutions before.
For more information please see press release “SAP India catalyses Nation's SME Boom”. As Ranjan Das, President & CEO SAP Indian Subcontinent comments, “SAP India has emerged as a de-facto partner for corporate India on its journey to global competitiveness. We intend to build on this partnership as India Inc scripts the next phase of its growth.”
SAP AG
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