Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. SAP SE
  6. News
  7. Summary
    SAP   DE0007164600

SAP SE

(SAP)
  Report
Real-time Estimate Tradegate  -  12:24 2022-11-29 pm EST
103.32 EUR   -1.51%
11/25SAP SE : Receives a Buy rating from UBS
MD
11/21Barclays Upgrades SAP to Overweight From Equalweight, Adjusts Price Target to $136 From $106
MT
11/21Dd : SAP SE: Helmut Stengele, sell
EQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies
Days
:
Hours
:
Minutes
:
Seconds

Kick Start for the First Sovereign Cloud Platform for the Public Sector in Germany: SAP and Arvato Systems Announce Partnership

02/07/2022 | 08:36am EST

SAP SE (NYSE: SAP) and Arvato Systems today announced the intent to invest in a new German company that will provide a sovereign cloud infrastructure for the German public sector.

This cloud infrastructure is designed to meet the unique national requirements set out in the German cloud strategy. There will be no network dependencies on systems outside Germany, and the independent operation of all services is ensured. All data will be processed and stored in Germany, and all services will be delivered from within Germany.

A completely new company is to be established to provide a sovereign cloud for the public sector in Germany. The aim of the new company is to drive digital transformation in Germany. It is planned that, in addition to SAP, Arvato Systems will also become a shareholder and additionally will take over operations.

The offering will be based on the broadly adopted Microsoft Azure platform and related Microsoft services, including cutting-edge collaboration and productivity solutions of Microsoft 365 along with industry-leading SAP business applications and tools. Approved third-party providers can also offer their applications on the platform.

The planned new company will provide a broad catalog of digital solutions to support the digitalization efforts of the German government to accelerate the use of cloud technology in the German public sector and will meet the strict requirements put in place by the Bundesamt fur Sicherheit in der Informationstechnik (BSI).

The offering of this new company will be a vendor-neutral stack built on an open platform based on Microsoft's secure cloud technology, and it will offer full interoperability with other tools. With that, the infrastructure can support a variety of cloud solutions from independent vendors including open source software. Already today, 60% of the workloads on Azure are Linux-based.

A Sovereign Cloud Platform from a Technical, Operational and Legal Perspective

This offering is designed to meet the technical, operational and legal sovereignty requirements of the German government. It will be governed by German law and address the data sovereignty needs of the German public sector.

The cloud infrastructure will be owned by the new German entity. Furthermore, it is planned that the technical operation will be taken over by Arvato Systems as an experienced infrastructure operator. The infrastructure will be strictly separated from Microsoft's global data center infrastructure and the existing public cloud infrastructure in Germany.

'This partnership represents a breakthrough approach for cloud-based innovation,' said Christian Klein, CEO of SAP. 'Together we'll provide a unique solution that not only meets the highest standards of cloud-based technology but also meets the strictest requirements of data sovereignty. This one-of-a-kind collaboration unlocks the potential of digital transformation for the German government and beyond.'

'We are very pleased about the expansion of our partnership and the joint plans with SAP,' said Matthias Moeller, CEO of the Arvato Systems Group and CIO of Bertelsmann. 'At Arvato Systems, we have been supporting large infrastructures, including those in the public sector, for many years and understand their unique requirements. The intended partnership offers the best outcome from various perspectives: to use the best available technology and secure German sovereignty interests while accelerating digitalization for citizens and employees alike.'

'As digital technology continues to rapidly transform work and life, we have a critical opportunity to ensure these advancements benefit people and organizations everywhere, including in Germany,' said Satya Nadella, Chairman and CEO, Microsoft. 'Together with SAP and Arvato Systems, we will create a cloud platform that meets the requirements of the German public sector to help drive digital transformation across the country.'

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

About Arvato Systems

Global IT specialist Arvato Systems supports major companies in Digital Transformation. About 3,000 staff in over 25 locations stand for in-depth technology expertise, industry knowledge, and focus on customer requirements. Working as a team, we develop innovative IT solutions, transition our clients into the Cloud, integrate digital processes, and take on IT systems operation and support. As a part of the Bertelsmann-owned Arvato network, we have the unique capability to work across the entire value chain. Our business relationships are personal; we work with our clients as partners so that together we can achieve long-term success. arvato-systems.com

About SAP

SAP's strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want - without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.

Note to editors:

To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.

For customers interested in learning more about SAP products:

Global Customer Center: +49 180 534-34-24

United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:

Marcus Winkler, SAP, +49 6227 7-67497, marcus.winkler@sap.com, CET

SAP Press Room; press@sap.com

Marcus Metzner, Arvato Systems, +49 5241 80-88242, press@arvato-systems.de, CET

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2020 Annual Report on Form 20-F.

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about SAP SE
11/25SAP SE : Receives a Buy rating from UBS
MD
11/21Barclays Upgrades SAP to Overweight From Equalweight, Adjusts Price Target to $136 From..
MT
11/21Dd : SAP SE: Helmut Stengele, sell
EQ
11/21SAP SE : Upgraded to Buy by Barclays
MD
11/18Pharmaceutical Stocks Help European Equities Nudge Higher to End Quiet Week
MT
11/18Jefferies Downgrades SAP SE to Underperform From Buy
MT
11/18Europe's STOXX 600 jumps more than 1% to end week higher
RE
11/18SAP SE : Downgraded from Buy to Sell by Jefferies
MD
11/17SAP SE : JP Morgan gives a Buy rating
MD
11/16SAP Launches SAP Build to Unleash Business Expertise, Partners with Coursera to Empower..
AQ
More news
Analyst Recommendations on SAP SE
More recommendations
Financials
Sales 2022 30 783 M 31 965 M 31 965 M
Net income 2022 2 777 M 2 884 M 2 884 M
Net Debt 2022 5 425 M 5 634 M 5 634 M
P/E ratio 2022 43,8x
Yield 2022 1,86%
Capitalization 117 B 122 B 122 B
EV / Sales 2022 3,98x
EV / Sales 2023 3,64x
Nbr of Employees 112 632
Free-Float 83,5%
Chart SAP SE
Duration : Period :
SAP SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAP SE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 104,90 €
Average target price 113,04 €
Spread / Average Target 7,76%
EPS Revisions
Managers and Directors
Christian Klein Chief Executive Officer
Luka Mucic Chief Financial Officer
Hasso Plattner Chairman-Supervisory Board
Juergen Mueller Chief Technology Officer
Sabine Bendiek Chief Operating & People Officer
Sector and Competitors
1st jan.Capi. (M$)
SAP SE-16.01%121 557
ORACLE CORPORATION-6.67%219 441
SERVICENOW INC.-38.08%81 035
CONSTELLATION SOFTWARE INC.-10.49%33 104
PAYCOM SOFTWARE, INC.-21.67%18 820
ASPEN TECHNOLOGY, INC.51.62%14 894