This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
May 29, 2013 /PRNewswire/ --
SAP AG (NYSE: SAP) plans to enter into a strategic cooperation with the Chinese government on the development of intelligent transportation systems to help manage traffic in
China's fast-growing urban areas over the coming decades. SAP and the Chinese High-Way Group plan to enter into broad collaboration for research on integrated solutions for transportation communications and the development of intelligent traffic management systems leveraging advanced software solutions from SAP for big data powered by the
SAP HANA® platform, cloud computing and mobile computing.
Gerd Oswald, member of the Executive Board of SAP AG, agreed to further evaluate a respective collaboration in
Berlin with China's Premier Li Keqiang during his visit to
"Urbanization is one of the biggest challenges for China with more than 400 million people expected to be added to China's urban population by 2025," said Oswald. "The intelligent management of public transportation is critical for sustainable economic growth and the long-term socioeconomic development in
China. We are very delighted about our strategic collaboration plans with the Chinese government on a broad scale to develop intelligent transportation systems to help make the world run better and improve people's lives. The collaboration should help China manage its next phase of sustained growth with the help of advanced technology from SAP for big data analysis and predictive analytics, mobile computing and cloud-based solutions."
China's total investment into intelligent transportation systems has grown continuously to more than
EUR 500 million annually. The amount of transportation data generated through metro, buses, taxis and traffic cameras, among others, is tremendous. The existing IT environment lacks the ability for predictive and advanced data analysis to proactively manage different traffic and transportation scenarios to provide better services to China's citizens and help better urban planning. SAP has a long-standing experience in managing the analysis of large volume and is leading in the industry with SAP HANA in real-time analytics as well as the transactional processes in nearly all adjacent fields. SAP plans to closely collaborate with the China Ministry of Transport (MoT) and may bring together the comprehensive domain expertise for traffic, logistics and transportation of the MoT as well as cutting-edge research and technology for intelligent transportation.
SAP in China
SAP established its first Chinese customer in 1991 and opened its first local office in 1995 in
Beijing. Today, SAP China has approximately 4,000 employees across 13 offices with major locations in
Nanjing. SAP serves around 6,000 customers in
China representing over 50 percent of
China Top 100 enterprises. More than 200 Chinese partners support the local activities. SAP also is collaborating with 48 universities on projects through the SAP® University Alliances program and is educating more than 6,000 students every year in an education foundation program. To benefit from the tremendous potential in
China, in 2011 SAP
announced its plans for growth in China, investing US
$2 billion to expand activities tailored to Chinese market requirements.
For more information, visit the
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 organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 238,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.