Printer Friendly

SAP to Wind Down Operations of TomorrowNow.

NEWTOWN SQUARE, Pa., July 21 /PRNewswire-FirstCall/ -- Today, SAP announced that it has chosen to wind down operations of TomorrowNow, a subsidiary it purchased in February 2005 that has provided third-party support for Oracle and other applications.


SAP is working directly with TomorrowNow's more than 225 current customers to help them return to support from Oracle for those customers on PeopleSoft, JDEdwards or Siebel applications or to smoothly transition to new support options.

"Our goal is to assist our customers in transitioning to a new support provider, including Oracle, without a disruption to their support during the wind-down process," said Mark White, executive chairman, TomorrowNow.
 SAP intends to conclude the wind-down process prior to October 31, 2008.
 For more information, please visit

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 of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" 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 ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright (C) 2008 SAP AG. All rights reserved.

SAP, R/3, mySAP,, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
 For more information, press only:
 Christoph Liedtke, +49 6227 7-50383,, CET
 Andy Kendzie, +1 (202) 312-3919,, EDT
 Saswato Das, + 1 (212) 653 9571,, EDT
 Lindsey Held, +1 (650) 320-3524,, PDT
 For more information, financial community only:
 Stefan Gruber, +49 6227 7-44872,, CET
 Martin Cohen, +1 (212) 653-9619,, EDT

CONTACT: Media, Christoph Liedtke, +49 6227 7-50383,, CET, or Andy Kendzie, +1-202-312-3919,, EDT, or Saswato Das, +1-212-653-9571,, EDT, or Lindsey Held, +1-650-320-3524,, PDT; or Financial Community, Stefan Gruber, +49 6227 7-44872,, CET, or Martin Cohen, +1-212-653-9619,, EDT, all of SAP

Web site:
COPYRIGHT 2008 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 21, 2008
Previous Article:Watson Wyatt Worldwide Names Roger Millay Chief Financial Officer.
Next Article:LiveOps Selected as an AlwaysOn Global 250 Top Private Companies Winner.

Related Articles
SAP Responds to Oracle Complaint.
SAP Announces Management Transition at TomorrowNow.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters