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From the News Desk
Thursday, 9. November 2006
SAP Invests in NetWeaver Partner, Visiprise
SAP AG has made an undisclosed investment in a Visiprise, a company that develops integration software for manufacturing companies that use SAP's NetWeaver platform. The investment is designed to strengthen the partnerships around NetWeaver, SAP's applications and integration platform that includes portal, data warehouse and other components. SAP didn't disclose the size of the transaction, calling it a 'minority investment'.
"The SAP ecosystem continues to gain momentum and the establishment of the SAP NetWeaver Fund further underscores the need to drive real customer value with partners," said Jim Mackey, head of Corporate Finance for SAP and co-manager of the SAP NetWeaver Fund. "We're pleased to make this investment and look forward to continuing co-innovation with Visiprise for the benefit of our mutual customers."
The investment money came from SAP's USD125 million NetWeaver Fund established in May. SAP has said each investment would typically be no more than USD 5 million. Visiprise is the third investment for the fund.
"The SAP ecosystem continues to gain momentum and the establishment of the SAP NetWeaver Fund further underscores the need to drive real customer value with partners," said Jim Mackey, head of Corporate Finance for SAP and co-manager of the SAP NetWeaver Fund. "We're pleased to make this investment and look forward to continuing co-innovation with Visiprise for the benefit of our mutual customers."
The investment money came from SAP's USD125 million NetWeaver Fund established in May. SAP has said each investment would typically be no more than USD 5 million. Visiprise is the third investment for the fund.
