Enterprise application software giant SAP this morning announced that it will spend $2 billion in China through 2015 to grow its business.
In a statement, SAP co-CEO Bill McDermott said the company will also establish more research and development facilities, hire thousands of people and train more experts and consultants in the country.
More specifically, SAP aims to hire approximately 2,000 people and open five to six new offices across the country over the next four years.
An executive of the business software maker told Reuters on Monday that SAP is also open to acquisitions in Asia, more specifically in India and China. The Asia-Pacific region reportedly accounted for around 14 percent of overall SAP group revenues in 2010.
The announcement of SAP’s multi-year spending plans in China was made this morning at SAPPHIRE NOW + SAP TechEd, being held as a co-located event in Beijing.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organisations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 232,000 customers to operate profitably, adapt continuously, and grow sustainably.
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