ASSURED 2011

Consolidated Financial Statements IFRS

 

Notes to the Consolidated Financial Statements
(35) Subsidiaries, Associates, and Other Equity Investments
as at December 31, 2011 Ownership Total Revenue in 20111) Profit/Loss (–) after Tax for 20111) Total Equity as at 12/31/20111) Number of Employees as at 12/31/20112)
Name and Location of Company % €(000) €(000) €(000)
I. Fully Consolidated Subsidiaries
GERMANY
Crossgate AG, Munich 3) 100.0 3,784 –2,281 119,615 120
Crossgate Technologies AG, Göttingen – Rosdorf 3), 4) 100.0 1,310 899 –797 77
OutlookSoft Deutschland GmbH, Walldorf 4) 100.0 0 –1 –1 0
Right Hemisphere GmbH, Munich 3), 4) 100.0 66 3 36 1
SAF Germany GmbH, Konstanz 4) 100.0 582 27 387 0
SAP Beteiligungs GmbH, Walldorf 100.0 3 2 49 0
SAP Deutschland AG & Co. KG, Walldorf 8), 9) 100.0 2,759,982 606,243 1,285,917 4,723
SAP Dritte Beteiligungs- und Vermögensverwaltung GmbH, Walldorf 4), 5), 8) 100.0 0 61,197 553,154 0
SAP Erste Beteiligungs- und Vermögensverwaltung GmbH, Walldorf 5), 8) 100.0 0 –23,158 804,545 0
SAP Foreign Holdings GmbH, Walldorf 100.0 0 0 –61 0
SAP Fünfte Beteiligungs- und Vermögensverwaltung GmbH, Walldorf 4), 8) 100.0 0 0 2,318,309 0
SAP Hosting Beteiligungs GmbH, St.Leon-Rot 100.0 0 0 26 0
SAP Portals Europe GmbH, Walldorf 4) 100.0 0 644 124,115 0
SAP Portals Holding Beteiligungs GmbH, Walldorf 4) 100.0 0 –30 928,937 0
SAP Projektverwaltungs- und Beteiligungs GmbH, Walldorf 4), 5), 8) 100.0 0 32,248 323,902 0
SAP Puerto Rico GmbH, Walldorf 100.0 27,447 –2,991 –2,366 34
SAP Retail Solutions Beteiligungsgesellschaft mbH, Walldorf 100.0 0 –679 13,822 0
SAP Sechste Beteiligungs- und Vermögensverwaltungs GmbH, Walldorf 3), 8) 100.0 0 0 25 0
SAP Vierte Beteiligungs- und Vermögensverwaltung GmbH, Walldorf 100.0 0 0 25 0
SAP Zweite Beteiligungs- und Vermögensverwaltung GmbH, Walldorf 4), 5), 8) 100.0 0 80,695 164,750 0
Sybase Germany GmbH, Düsseldorf 4) 100.0 34,226 1,854 –1,119 156
TechniData BCS GmbH, Siegen 100.0 4,162 86 831 31
TechniData GmbH, Markdorf 100.0 503 –17,005 80,013 0
 
REST OF EUROPE, MIDDLE EAST, AFRICA
Ambin Properties (Proprietary) Limited, Johannesburg, South Africa 4) 100.0 0 243 –233 0
Armstrong Laing Limited, London, United Kingdom 4) 100.0 0 –1 3,065 0
Business Objects (UK) Limited, London, United Kingdom 4) 100.0 0 –2,368 30,535 0
Business Objects Holding B.V., ’s-Hertogenbosch, the Netherlands 4) 100.0 0 184 4,208 0
Business Objects Software Limited, Dublin, Ireland 100.0 752,508 276,843 3,017,120 224
Cartesis UK Limited, London, United Kingdom 4) 100.0 0 –30 1,119 0
Christie Partners Holding CV, Rotterdam, the Netherlands 4) 100.0 0 –1 –21,824 0
Crossgate Italia S.p.A., Milan, Italy 3), 4) 100.0 364 –60 594 13
Crossgate S.a.r.l., Paris, France 3), 4) 100.0 251 –378 –3,778 3
Crossgate UK Ltd., Slough, United Kingdom 3), 4) 100.0 184 –278 –5,245 6
Crystal Decisions (Ireland) Limited, Dublin, Ireland 4) 100.0 0 –85 44,527 0
Crystal Decisions France S.A.S., Levallois-Perret, France 4) 100.0 0 5,497 6,655 0
Crystal Decisions Holding Limited, Dublin, Ireland 4) 100.0 0 152 77,708 0
Crystal Decisions UK Limited, London, United Kingdom 4) 100.0 0 12 2,202 0
Edgewing Limited, London, United Kingdom 4) 100.0 0 0 –17 0
Joe D Partners CV, Utrecht, the Netherlands 4) 100.0 0 –16,229 621,539 0
Limited Liability Company SAP CIS, Moscow, Russia 100.0 349,593 31,405 109,845 619
Limited Liability Company SAP Kazakhstan, Almaty, Kazakhstan 100.0 33,086 3,955 5,567 15
Limited Liability Company SAP Ukraine, Kiev, Ukraine 100.0 16,599 –923 –2,551 93
Merlin Systems Oy, Espoo, Finland 4) 100.0 9,463 692 2,569 29
S.A.P. Nederland B.V., ’s-Hertogenbosch, the Netherlands 100.0 376,155 47,926 380,050 398
SAF Simulation, Analysis and Forecasting Slovakia s.r.o., Bratislava, Slovakia 4) 100.0 1,311 103 272 23
SAP – NOVABASE, A.C.E., Porto Salvo, Portugal 4) 66.7 0
SAP (Schweiz) AG, Biel, Switzerland 100.0 576,669 89,183 168,840 600
SAP (UK) Limited, Feltham, United Kingdom 100.0 673,825 50,362 71,201 1,083
SAP Belgium – Systems Applications and Products NV/SA, Brussels, Belgium 4) 100.0 177,627 12,751 110,734 235
SAP BULGARIA EOOD, Sofia, Bulgaria 4) 100.0 2,636 –142 653 10
SAP Business Services Center Europe, s.r.o., Prague, Czech Republic 100.0 21,750 772 7,028 316
SAP Commercial Services Ltd., Valletta, Malta 100.0 0 –2 –12 0
SAP CR, spol. s r.o., Prague, Czech Republic 100.0 85,560 9,276 29,971 237
SAP CYPRUS Ltd, Nicosia, Cyprus 4) 100.0 2,731 –137 –1,961 2
SAP d.o.o., Zagreb, Croatia 100.0 6,413 –469 –883 13
SAP Danmark A/S, Copenhagen, Denmark 100.0 147,497 16,985 31,776 158
SAP Egypt LLC, Cairo, Egypt 100.0 4,633 –2,713 –4,622 35
SAP EMEA Inside Sales S.L., Barcelona, Spain 100.0 16,399 525 2,178 124
SAP España – Sistemas, Aplicaciones y Productos en la Informática, S.A., Madrid, Spain 4) 100.0 233,879 22,918 200,433 356
SAP Estonia OÜ, Tallinn, Estonia 100.0 1,507 –142 –126 1
SAP Finland Oy, Espoo, Finland 100.0 100,698 5,154 70,063 106
SAP France Holding, Paris, France 100.0 1,382 89,758 4,969,849 4
SAP France, Paris, France 4) 100.0 743,215 189,451 1,602,884 1,430
SAP HELLAS S.A. – SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING, Athens, Greece 100.0
28,669
1,620
9,233
53
SAP Hungary Rendszerek, Alkalmazások és Termékek az Adatfeldolgozásban Informatikai Kft., Budapest, Hungary 100.0 43,825 –91 15,693 404
SAP Ireland Limited, Dublin, Ireland 100.0 3,237 355 –825 0
SAP Ireland US-Financial Services Ltd., Dublin, Ireland 4) 100.0 255 165,948 2,537,691 3
SAP Israel Ltd., Ra’anana, Israel 100.0 21,717 2,636 –706 56
SAP Italia Sistemi Applicazioni Prodotti in Data Processing S.p.A., Milan, Italy 4) 100.0 328,025 25,211 267,781 508
SAP Labs Bulgaria EOOD, Sofia, Bulgaria 100.0 21,310 1,040 3,115 457
SAP Labs Finland Oy, Espoo, Finland 4) 100.0 6,617 213 45,993 45
SAP LABS France S.A.S., Mougins, France 100.0 41,258 1,947 19,731 277
SAP Labs Israel Ltd., Ra’anana, Israel 100.0 40,131 1,276 13,238 291
SAP Latvia SIA, Riga, Latvia 100.0 1,979 34 –482 1
SAP Malta Investments Ltd., Valletta, Malta 100.0 0 –2 –12 0
SAP Middle East and North Africa L.L.C., Dubai, United Arab Emirates 49.0 76,783 –16,460 4,596 198
SAP Nederland Holding B.V., ’s-Hertogenbosch, the Netherlands 4) 100.0 0 2,548 521,529 0
SAP Norge AS, Lysaker, Norway 100.0 74,740 6,172 23,724 83
SAP Österreich GmbH, Vienna, Austria 100.0 174,889 20,005 33,508 339
SAP Polska Sp. z o.o., Warsaw, Poland 100.0 69,864 7,602 33,206 119
SAP Portals Israel Ltd., Ra’anana, Israel 4) 100.0 61,924 19,502 35,182 311
SAP Portugal – Sistemas, Aplicações e Produtos Informáticos, Sociedade Unipessoal, Lda., Porto Salvo, Portugal 100.0 54,549 3,235 11,647 96
SAP Public Services Hungary Kft., Budapest, Hungary 100.0 1,314 108 431 5
SAP Romania SRL, Bucharest, Romania 100.0 16,153 2,235 7,588 100
SAP Saudi Arabia Software Services Limited, Riyadh, Kingdom of Saudi Arabia 100.0 23,828 2,069 33,470 26
SAP Saudi Arabia Software Trading Limited, Riyadh, Kingdom of Saudi Arabia 51.0 18,829 –5,469 2,349 36
SAP Service and Support Centre (Ireland) Limited, Dublin, Ireland 100.0 63,779 1,687 29,372 715
SAP sistemi, aplikacije in produkti za obdelavo podatkov d.o.o., Ljubljana, Slovenia 100.0 16,352 749 7,332 24
SAP Slovensko s.r.o., Bratislava, Slovakia 100.0 35,364 2,631 20,754 160
SAP Svenska Aktiebolag, Stockholm, Sweden 100.0 140,440 12,119 23,763 119
SAP Türkiye Yazilim Üretim ve Ticaret A.S., Istanbul, Turkey 100.0 51,901 –1,720 12,499 120
SAP UAB (Lithuania),Vilnius, Lithuania 100.0 3,199 –104 233 3
SAPV (Mauritius),Ebene, Mauritius 3),7) 0 0 –36 13,314 0
SAP West Balkans d.o.o., Belgrade, Serbia 100.0 12,068 2,001 4,196 27
Sybase (Schweiz) GmbH, Zurich, Switzerland 4) 100.0 1,526 72 1,301 6
Sybase (UK) Limited, Maidenhead, United Kingdom 4) 100.0 39,010 7,253 6,440 200
Sybase 365 Limited, Maidenhead, United Kingdom 4) 100.0 0 0 0 0
Sybase ApS, Copenhagen, Denmark 4) 100.0 336 19 456 2
Sybase Europe B.V., Utrecht, the Netherlands 4) 100.0 177,866 4,219 23,355 45
Sybase France S.a.r.l., Paris, France 4) 100.0 46,298 12,006 1,653 114
Sybase Iberia S.L., Madrid, Spain 4) 100.0 13,089 –22 –21,745 33
Sybase Italia SRL, Milan, Italy 4) 100.0 7,968 303 –150 32
Sybase Luxembourg S.a.r.l., Luxembourg 4) 100.0 213 0 –25 0
Sybase Nederland B.V., Utrecht, the Netherlands 4) 100.0 1,926 157 –1,535 12
Sybase Norge AS, Oslo, Norway 4) 100.0 613 71 895 2
Sybase Software BVBA/SPRL, Zaventem, Belgium 4) 100.0 2,833 89 947 16
Sybase South Africa (Proprietary) Limited, Johannesburg, South Africa 4) 100.0 21,609 1,424 –3,109 131
Sybase Sverige AB, Kista, Sweden 4) 100.0 5,546 174 1,726 22
Systems Applications Products Africa Region (Proprietary) Limited, Johannesburg, South Africa 4) 100.0 31,680 6,221 20,611 15
Systems Applications Products Africa (Proprietary) Limited, Johannesburg, South Africa 100.0 0 4,098 85,410 0
Systems Applications Products Nigeria Limited, Abuja, Nigeria 4) 100.0 13,435 955 2,690 34
Systems Applications Products South Africa (Proprietary) Limited, Johannesburg, South Africa 4) 89.5 191,933 7,618 33,369 317
TomorrowNow (UK) Limited, Feltham, United Kingdom 4) 100.0 0 –6 22 0
TomorrowNow Nederland B.V., Amsterdam, the Netherlands 100.0 0 –67 –3,275 0
 
AMERICAS
110405, Inc., Newtown Square, Pennsylvania, USA 100.0 0 0 16,147 0
Business Objects Argentina S.R.L., Buenos Aires, Argentina 4) 100.0 0 0 79 0
Business Objects Option, LLC, Wilmington, Delaware, USA 100.0 0 1,004 65,757 0
Clear Standards, Inc., Sterling, Virginia, USA 4) 100.0 1,061 –1,189 15,251 0
Crossgate Inc., Atlanta, Georgia, USA 3), 4) 100.0 313 –921 –7,335 24
Extended Systems, Inc., Boise, Idaho, USA 4) 100.0 0 –41 17,557 0
Financial Fusion, Inc., Concord, Massachusetts, USA 4) 100.0 0 0 0 0
Frictionless Commerce, Inc., Newtown Square, Pennsylvania, USA 4) 100.0 926 –671 36,524 0
iAnywhere Solutions Canada Ltd., Waterloo, Canada 4) 100.0 1,367 1,313 3,385 142
iAnywhere Solutions Inc., Dublin, California, USA 4) 100.0 30,102 66,396 177,422 67
INEA Corporation USA, Wilmington, Delaware, USA 4) 100.0 0 3 333 0
Inxight Federal Systems Group, Inc., Wilmington, Delaware, USA 4) 100.0 0 –1 99 0
Khimetrics Canada, Inc., Montreal, Canada 4) 100.0 0
Liberia LLC, Wilmington, Delaware, USA 4) 100.0 0
Maxware, Inc., Newtown Square, Pennsylvania, USA 4) 100.0 190 45 –377 0
Right Hemisphere Inc., San Ramon, California, USA 3), 4) 100.0 756 –1,605 48,508 28
SAP America, Inc., Newtown Square, Pennsylvania, USA 100.0 3,186,980 257,874 1,520,738 5,740
SAP Andina y del Caribe C.A., Caracas, Venezuela 100.0 24,069 2,085 2,779 36
SAP ARGENTINA S.A., Buenos Aires, Argentina 100.0 156,386 10,194 29,911 573
SAP Brasil Ltda, São Paulo, Brazil 100.0 446,070 519 97,702 1,275
SAP Canada Inc., Toronto, Canada 100.0 674,306 47,090 451,864 2,058
SAP Colombia S.A.S., Bogota, Colombia 100.0 65,014 –6,671 –10,507 159
SAP Costa Rica, S.A., San José, Costa Rica 100.0 7,409 423 2,502 9
SAP Financial Inc., Toronto, Canada 4) 100.0 0 23,551 7,743 0
SAP Global Marketing, Inc., New York, New York, USA 100.0 238,518 3,892 22,759 480
SAP Government Support & Services, Inc., Newtown Square, Pennsylvania, USA 4) 100.0 97,000 22,037 148,490 183
SAP Industries, Inc., Newtown Square, Pennsylvania, USA 4) 100.0 358,574 42,453 401,089 403
SAP International, Inc., Miami, Florida, USA 4) 100.0 56,008 809 12,855 50
SAP Investments, Inc., Wilmington, Delaware, USA 4) 100.0 0 21,303 659,558 0
SAP LABS, LLC, Palo Alto, California, USA 4) 100.0 458,999 20,168 137,595 2,029
SAP México S.A. de C.V., Mexico City, Mexico 100.0 223,775 –11,504 –10,147 408
SAP PERU S.A.C., Lima, Peru 100.0 24,280 209 1,333 44
SAP Public Services, Inc., Washington, D.C., USA 4) 100.0 334,786 49,020 263,747 237
SAP Technologies Inc., Palo Alto, California, USA 4) 100.0 0 0 0 0
SAP Ventures Fund I, L.P., Wilmington, Delaware, USA 3), 7) 0 0 4,455 15,481 0
Sybase 365 LLC, Dublin, California, USA 4) 100.0 49,237 –6,371 92,932 128
Sybase 365 Ltd., Tortola, British Virgin Islands 4) 100.0 0 0 –1,990 0
Sybase Argentina S.A., Buenos Aires, Argentina 4) 100.0 2,251 351 1,469 12
Sybase Canada Ltd., Waterloo, Canada 4) 100.0 18,579 990 5,105 69
Sybase de Mexico, S. De R.L. de C.V., Mexico City, Mexico 4) 100.0 5,805 –1,586 –135 27
Sybase do Brasil Software Ltda., São Paulo, Brazil 4) 100.0 17,328 –1,178 –316 31
Sybase Global LLC, Dublin, California, USA 4) 100.0 0 0 7,529 0
Sybase Intl Holdings LLC, Dublin, California, USA 4) 100.0 0 0 12,047 0
Sybase, Inc., Dublin, California, USA 4) 100.0 355,879 23,167 4,509,013 1,225
TomorrowNow, Inc., Bryan, Texas, USA 4) 100.0 16 421,025 –192,873 3
 
ASIA PACIFIC JAPAN
Beijing Zhang Zhong Hu Dong Information Technology Co. Ltd., Beijing, China 4) 100.0 1,676 254 –603 6
Business Objects Malaysia Sdn. Bhd., Kuala Lumpur, Malaysia 4) 100.0 0 0 261 0
Business Objects Software (Shanghai) Co., Ltd., Shanghai, China 4) 100.0 7,444 1,715 7,102 108
iAnywhere Solutions K.K., Tokyo, Japan 4) 100.0 8,845 –162 –2,903 21
PT SAP Indonesia, Jakarta, Indonesia 100.0 44,166 5,090 13,989 49
PT Sybase 365 Indonesia, Jakarta, Indonesia 4) 100.0 94 –6 229 0
Right Hemisphere Ltd., Auckland, New Zealand 3) 100.0 547 –1,365 4,953 39
Ruan Lian Technologies (Beijing) Co. Ltd., Beijing, China 4) 100.0 0 –26 –1,164 1
SAP (Beijing) Software System Co., Ltd., Beijing, China 100.0 307,921 –10,043 26,608 2,652
SAP Asia Pte Limited, Singapore, Singapore 100.0 259,969 31,471 58,537 676
SAP Asia (Vietnam) Co. Ltd., Ho Chi Minh City, Vietnam 3), 4) 100.0 382 27 405 34
SAP Australia Pty Limited, Sydney, Australia 100.0 426,967 25,988 259,227 615
SAP HONG KONG CO. LIMITED, Hong Kong, China 100.0 32,187 –937 1,163 50
SAP INDIA (HOLDING) PTE LTD., Singapore, Singapore 100.0 0 –6 300 0
SAP INDIA PRIVATE LIMITED, Bangalore, India 100.0 343,699 38,868 185,953 1,518
SAP JAPAN Co., Ltd., Tokyo, Japan 100.0 639,458 48,744 528,303 1,053
SAP Korea Limited, Seoul, South Korea 100.0 118,258 11,014 27,358 215
SAP Labs India Private Limited, Bangalore, India 100.0 153,304 –4,379 3,569 4,138
SAP Malaysia Sdn. Bhd., Kuala Lumpur, Malaysia 100.0 59,606 6,610 18,383 122
SAP New Zealand Limited, Auckland, New Zealand 100.0 42,207 4,324 33,945 42
SAP PHILIPPINES, INC., Makati, Philippines 100.0 28,426 879 9,090 38
SAP R&D Center Korea, Inc., Seoul, South Korea 4) 100.0 9,009 347 15,944 90
SAP SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING (THAILAND) LTD., Bangkok, Thailand 6) 49.0
45,622
2,396
35,215
50
SAP TAIWAN CO., LTD., Taipei, Taiwan 100.0 58,408 6,271 26,331 71
Sybase (N.Z.) Limited, Wellington, New Zealand 4) 100.0 2,564 750 4,389 5
Sybase (Singapore) Pte Limited, Singapore 4) 100.0 9,539 –22 974 168
Sybase 365 Ltd. (HK),Hong Kong, China 4) 100.0 0
Sybase Australia Pty Limited, Sydney, Australia 4) 100.0 15,267 2,100 8,357 35
Sybase Hong Kong Limited, Hong Kong, China 4) 100.0 8,975 –150 223 69
Sybase India, Ltd., Mumbai, India 4) 100.0 0 161 2,675 0
Sybase K.K., Tokyo, Japan 4) 100.0 20,690 510 1,597 66
Sybase Korea, Ltd., Seoul, South Korea 4) 100.0 9,364 326 2,877 47
Sybase Philippines Inc., Makati, Philippines 4) 100.0 0 1 –11 0
Sybase Software (China) Co. Ltd., Beijing, China 4) 100.0 16,922 2,055 16,536 396
Sybase Software (India) Private Ltd, Mumbai, India 4) 100.0 3,904 257 6,741 196
Sybase Software (Malaysia) Sdn. Bhd., Kuala Lumpur, Malaysia 4) 100.0 2,387 103 1,643 3
Sybase Taiwan Co. Ltd., Taipei, Taiwan 4) 100.0 3,913 –430 1,019 19
Technidata EHS Solutions Asia Pte Limited, Singapore 4) 100.0 0 –51 47 0
TomorrowNow Australia Pty Limited, Sydney, Australia 4) 100.0 0 6 404 0
TomorrowNow Singapore Pte Limited, Singapore, Singapore 4) 100.0 0 –10 79 0
 
II. INVESTMENTS IN ASSOCIATES
Alteryx Inc., Orange, California, USA 4) 9.20 18,338 –1,587 –4,456 132
ArisGlobal Holdings, LLC, Stamford, Connecticut, USA 4) 16.00 32,837 –3,017 2,283 696
China DataCom Corporation Limited, Guangzhou, China 4) 28.30 0 0 40,276 0
Greater Pacific Capital (Cayman),L.P., Grand Cayman, Cayman Islands 5.35 0
Original1 GmbH, Frankfurt am Main, Germany 40.00 60 –4,405 3,494 17
Procurement Negócios Eletrônicos S/A, Rio de Janeiro, Brazil 4) 17.00 19,484 1,451 15,773 0
TechniData IT–Service GmbH, Markdorf, Germany 4) 26.00 12,300 600 1,254 101
1) These figures are based on our local IFRS financial statements prior to eliminations resulting from consolidation and therefore do not reflect the contribution of these companies included in the Consolidated Financial Statements. The translation of the equity into Group currency is based on period–end closing exchange rates, and on average exchange rates for revenue and net income/loss.
2) As at December 31, 2011, including managing directors, in FTE
3) Consolidated for the first time in 2011
4) Wholly or majority–owned entity of a subsidiary/investment of a subsidiary
5) Entity with profit and loss transfer agreement
6) The remaining shares are the preference shares without the right to vote.
7) Consolidated in accordance with IAS 27 in conjunction with SIC 12
8) Pursuant to HGB, section 264 (3) or section 264b, the subsidiaries are exempt from applying certain legal requirements to their statutory stand–alone financial statements including the requirement to prepare notes to the financial statements and a review of operations, the requirement of independent audit and the requirement of public disclosure.
9) Entity whose personally liable partner is SAP AG 273
as at December 31, 2011
 
Name and Location of Company
 
III. OTHER EQUITY INVESTMENTS
(ownership of 5 percent or more)
Aepona Ltd., Belfast, Northern Ireland, United Kingdom
Apigee Corporation, Santa Clara, California, USA
Apriso Corporation, Long Beach, California, USA
Connectiva Systems, Inc., New York, New York, USA
EIT ICT Labs GmbH, Berlin, Germany
Ignite Technologies, Inc., Frisco, Texas, USA
InnovationLab GmbH, Heidelberg, Germany
iTAC Software AG, Dernbach, Germany
iYogi Holdings Pvt. Ltd., Port Louis, Mauritius
Lavante, Inc., San José, California, USA
MuleSoft, Inc., San Francisco, California, USA
MVP Strategic Partnership Fund GmbH & Co. KG, Grünwald, Germany
On Deck Capital, Inc., New York, New York, USA
Onventis GmbH, Stuttgart, Germany
OpenX Software Limited, London, United Kingdom
PayScale Inc., Seattle, Washington, USA
Post for Systems, Cairo, Egypt
Powersim Corporation, Herndon, Virginia, USA
Realize Corporation, Tokyo, Japan
Retail Solutions, Inc. (legal name: T3C, Inc.), Mountain View, California, USA
Return Path, Inc., New York, New York, USA
Smart City Planning, Inc., Tokyo, Japan
SupplyOn AG, Hallbergmoos, Germany
InnoWerft – Technologie- und Gründerzentrum Walldorf Stiftung GmbH, Walldorf, Germany
The SAVO Group Ltd., Chicago, Illinois, USA

Walldorf, February 23, 2012 

 

SAP AG 
Walldorf, Baden 
The Executive Board 

Overview