SAPMarkets Introduces Comprehensive Services and Support Offering For e-Market-Makers; Turnkey Solution Provides Competitive Advantage With Zero Risk.Business Editors, High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Sept. 19, 2000 SAPMarkets, Inc., today announced a comprehensive set of services and support that offers e-market-makers a marketplace infrastructure with zero risk. Service and support become increasingly important to market-makers as enterprise customers move their mission-critical processes to online marketplaces. These services guide customers through the challenges of project startup, enable rapid implementation, and ensure long-term, efficient operation and maintenance of the marketplace. Market-makers are able to leverage solution hosting for a flat monthly fee, and leverage solution support and add-on services to meet tight project setup timelines and achieve long-term viability. SAPMarkets is the 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) subsidiary dedicated to evolving and leading mySAP(TM) e-business applications into collaborative e-marketplace services. "SAPMarkets did a professional job in providing the infrastructure for our emaro marketplace," said Thomas Besthorn, chief technology officer of emaro, the new business-to-business MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. marketplace. "Its hosting, support and additional services allowed us to go live within a very short time frame, meet our tight schedule and position ourselves ahead of our competition." "This unique offering brings hosted end-user support to our market-maker customers and helps them build and maintain a marketplace infrastructure with zero risk," said Mayur Shah, president, SAPMarkets. "Services from SAPMarkets, combined with our superior e-business applications, make SAPMarkets a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. for turnkey See turnkey system. e-marketplace solutions." Solution Hosting SAPMarkets hosting services cover the full range of infrastructure provisioning from complete business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in , such as handling billing on behalf of the market-maker, to application management covering the full range of continuous business improvement, including tuning, implementation of patches, product upgrades and management of end-users. Examples of technical infrastructure solution hosting services include setup (e.g., database software, application connectors, etc.), system management (including an infrastructure Help Desk, monitoring and reporting), backup and recovery, and archiving. The hosting services, which are housed at an SAPMarkets datacenter, include hardware and solution internal networks, Internet access See how to access the Internet. , and licences for operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . Hosting services are available for all market-maker customers, from the early stages of design and implementation and throughout the production lifecycle, for fixed monthly fees. Solution Support Unlike other suppliers of marketplace solutions, SAPMarkets provides its market-maker customers with technical call-center functionality, including a 24x7 technical help desk to analyze problems, reproduce re·pro·duce v. 1. To produce a counterpart, an image, or a copy of something. 2. To bring something to mind again. 3. To generate offspring by sexual or asexual means. errors, provide ready solutions where possible, and develop workarounds or action plans. The call center is supported by software development to address more complicated problems. Solution support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services ensure that all problems are addressed quickly and efficiently. Additional Services SAPMarkets add-on services ensure that marketplace operations run efficiently and bring added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
About SAPMarkets SAPMarkets, Inc., a subsidiary of SAP AG, spearheads all business-to-business e-marketplace activities of SAP. Delivering mySAP.com Marketplaces, SAPMarkets extends the market leadership of SAP in inter-enterprise software solutions. In its "dream team" alliance with Commerce One, SAPMarkets enables enterprises and communities of all sizes and industries to efficiently conduct collaborative business on the Internet. Examples of such seamless cooperation through marketplaces include the dynamic linking of buyers and sellers, auctioning and tendering, and collaborative forecasting and engineering across enterprise boundaries. SAPMarkets, based in Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif., can be found at http://www.sapmarkets.com. More information on SAP can be found at http://www.sap.com. SAP Markets, Inc., is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of SAP AG (the "Company"). This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. based on beliefs of the Company's management. Any statements contained in this press release 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. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and "will" and similar expressions as they relate to the Company are intended to identify such forward-looking statements. Such statements reflect the current views and assumptions of the Company, and all forward-looking statements are subject to various risks and uncertainties that could cause results to differ materially from expectations. The factors that could affect the Company's future financial results are discussed more fully in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the Company's Annual Report on Form 20-F. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements. Copyright (c) 2000 SAP AG SAP and mySAP.com are trademarks or registered trademarks of SAP AG or SAPMarkets, Inc., in Germany and several other countries. Other product and service names mentioned herein are the trademarks of their respective owners. For more information on SAP, SAP America and SAPMarkets, press only: Gerhard Rickes, SAP AG, +49 6227 7-44217, press@sap.com William Wohl, SAP America, Inc., +1 (610) 661-3311, william.wohl@sap.com SAP Americas Press Office, +1 (610) 661-3200 Joan Lance, Waggener Edstrom for SAP, +1 (503) 443-7000, joanl@wagged.com |
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