Abaco Extends Successful SAP Mobile Technology Relationship With OEM Agreement.Business Editors ATLANTA--(BUSINESS WIRE)--June 3, 2002 E-Business and Mobile Business Solutions Providers Deliver Global Standards for Mobile Business Applications via a Standard Mobile Platform Abaco, the leading provider of mobile enterprise business solutions today announced the extension of its collaborative development relationship with SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America. (NYSE NYSE See: New York Stock Exchange : SAP) for mobile business technology. The companies have entered into an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement, whereby SAP will OEM part of Abaco's mobile enterprise framework within the SAP Mobile Engine. The announcement comes less than a year after SAP and Abaco entered into an OEM Agreement to provide middle tier (1) Generally refers to the processing that takes place in an application server that sits between the user's machine and the database server. The middle tier server performs the business logic. See application server and client/server. mobile business solutions to SAP customers. "The success of our relationship with SAP is most clearly evidenced, and ultimately measured, in the value we bring to customers," said Fernando Alvarez
Fernando Alvarez is a macroeconomist. He is a professor of economics at the University of Chicago. He received his Ph.D. from the University of Minnesota in 1994. , Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Abaco. "Reports of return on investment and savings in application development and deployment costs and time have defined the success and have led to the deepening of our commitment. A typical mobile deployment may now take months to implement, rather than years, by saving time in application design and development, as well as implementation, since we are extending open industry standard protocols and technology, previously only available in the desktop world, into the mobile world." The OEM Agreement between Abaco and SAP AG for mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings reinforces Abaco as a strong mobile technology partner for SAP. It enables a standards-based mobile architecture which allows anytime, anywhere access to mission-critical data and business applications from a variety of wireless platforms in offline and online modes, and provides the associated tools needed to minimize the time, effort, and cost associated with mobile application development, deployment, and support. "We are delighted to expand our relationship with Abaco, as we continue to leverage the market-leading functionality that their mobile enterprise framework has to offer," said Dr. Peter Zencke, Executive Board Member, SAP AG. "With this agreement, we are extending benefits to the mobile market that enhance usage of functionality, increase end-to-end security on handheld platforms, and provide for an even more seamless connection in accessing third party legacy systems." About Abaco Abaco is the leading provider of mobile business solutions. A proven leader in the industry, Abaco has more than twelve years of experience and 200 installations worldwide. Abaco solutions leverage companies' existing enterprise infrastructure to empower their mobile workforces with mission critical information at the point of activity. Abaco addresses today's connectivity challenges for the mobile enterprise with solutions for disconnected, occasionally connected and connected environments. Its open, standards-based software architecture protects companies' initial investments in application development and deployment without compromising future technology advancement opportunities. Abaco is headquartered in Atlanta, with offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and San Juan, Puerto Rico San Juan (IPA: [saŋ hwaŋ]) (from the Spanish San Juan Bautista, "Saint John the Baptist") is the capital and largest municipality on Puerto Rico. . Leading technology companies such as Microsoft and SAP recognize Abaco as a key partner in their mobile strategies. In 2000, Abaco was awarded a Total Solution Provider Award from AIM and Business Solutions magazine, and a Moby Award from Mobile Insights. Abaco investors include Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon and Noro-Moseley Partners. For more information, go to www.abacomobile.com. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Words such as "believe," "estimate," "intend," "may," "will," "expect," and "project" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the SAP Annual Report on Form 20-F for 2000 filed with the SEC on March 28, 2001. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. SAP and other SAP products This presents a list of products of the enterprise software company SAP AG. Enterprise Applications
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