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Community News, MAG 18-03

Shortfacts - March 2018

No monthly SAP news should be disregarded. The Short Facts are dedicated to minor news as well as seemingly more or less important statements from the community. This is the place for SAP-specific press releases that otherwise tend to be overlooked. Recommendations to: robert.korec@b4bmedia.net
E-3 Magazine
March 30, 2018
Content:
Shortfacts
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This text has been automatically translated from German to English.

SAP strengthens innovation location France

SAP plans to invest over 150 million euros annually in research and development in France over the next five years. Among other things, SAP is taking over the Paris-based start-up Recast.AI.

France is increasingly becoming an important hub for innovation for SAP. There are plans to open the second SAP.iO Foundry location in Europe. This will give more than 50 start-ups access to mentoring, technology and the dynamic SAP partner network.

The SAP.iO fund invests in French start-ups in its first financing round. SAP will invest 150 million euros annually in research and development over the next five years.

With the acquisition of Recast.AI, SAP intends to further expand the machine learning (ML) functions in Leonardo and plans to spend up to two billion euros in total over the next five years as a sign of its commitment to France.

The aim is to accelerate the company's rapid growth in the cloud and expand technology partnerships with a focus on ML, blockchain, the Internet of Things (IoT) and Software as a Service (SaaS).

This step is an expression of SAP's global strategy to turn companies into "intelligent enterprises". SAP will focus on start-ups that develop complementary solutions to SAP Leonardo.

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Working on the SAP basis is crucial for successful S/4 conversion. 

This gives the Competence Center strategic importance for existing SAP customers. Regardless of the S/4 Hana operating model, topics such as Automation, Monitoring, Security, Application Lifecycle Management and Data Management the basis for S/4 operations.

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The event is organized by the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes attendance at all presentations of the Steampunk and BTP Summit 2025, a visit to the exhibition area, participation in the evening event and catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due course.