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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Newsbyte: SAP Accelerates More Than 1,000 Startups Globally, Introduces "Powered By SAP HANA®" Certification Initiative

LAS VEGAS, Oct. 22, 2013 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced that the SAP® Startup Focus program has achieved broad adoption, with more than 1,000 startups from more than 55 countries participating. The program began in March 2012 and in 19 months has achieved significant momentum in the market. The startups develop innovative solutions on top of the SAP HANA® platform, such as real-time credit card fraud analysis, retail-specific analytical algorithms and fully integrated Big Data smart grid solutions for energy utilities' providers. In addition, the "powered by SAP HANA" certification and branding initiative by SAP encourages independent software vendors (ISVs) to develop applications on top of SAP HANA. The announcement was made at  SAP® TechEd 2013, being held October 21-25 in Las Vegas, where more than 30 startups are on site showcasing their innovative solutions.

(Logo: http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)

The SAP Startup Focus program enables Big Data, predictive and real-time analytics startups to run better by supporting them in developing innovative applications on the cutting edge in-memory database platform SAP HANA. The overall goal of the program is to spur innovation and provide startups with the technology, support, resources and community needed to develop their applications on top of the SAP HANA platform and at no cost. Examples include:

  • Next Principles is a California-based startup that provides an analytics application to help companies gain actionable insights from social media conversations. The company was one of the first to be certified as "powered by SAP HANA," and earlier this month it received funding from the SAP HANA Real Time Fund as part of its Series A round.
  • Feedzai, a Portugal-based startup that provides a real-time machine learning application to help financial institutions prevent fraud before it occurs, was the first company in the SAP Startup Focus program to be funded by the SAP HANA Real Time Fund. The recent announcement that SAP Ventures has raised US$1 billion in one year further demonstrates the incredible potential for data-focused startups.
  • Czech-based startup Semantic Visions provides a range of information solutions based on one of the world's largest news database and powerful semantic engine. It structures, categorizes and recognizes trends, finds breaking news before it breaks and provides this to customers, including broadcast networks and news agencies.

"Since our company has run the world's largest semantic news database and hit the limits of traditional database technology, I decided to migrate our system to SAP HANA to be able to effectively explore immense amount of knowledge hidden in our 35 TB database," said Frantisek Vrabel, CEO, Semantic Visions. "Only through our engagement in the SAP Startup Focus program, we were able to build a futuristic solution for real-time prediction analysis of supply chain disruptions in less than six months. The help and level of support we are getting is just priceless."

The "powered by SAP HANA" certification initiative embraces ISVs and startups developing applications that tap into the capabilities of SAP HANA and it allows customers to easily distinguish applications powered by SAP HANA. Third-party applications that display the "powered by SAP HANA" brand have been certified by the SAP® Integration and Certification Center to capitalize on the distinctive capabilities and application logic within SAP HANA. This initiative is open to the broad community of developers, startups, integrators and ISVs.

For more information, including additional announcements and coverage from SAP TechEd Las Vegas, visit the SAP Newsroom. Follow SAP on Twitter at @sapnews and @SAPStartups.

Media Contacts: Dorothea Sieber, +1 (650)-2768661, dorothea.sieber@sap.com, PDT Cathrin von Osten, +49 (6227) 7-63908, cathrin.von.osten@sap.com, CET

SOURCE SAP AG

Stock quotes in this article: SAP 
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs