WALLDORF, Germany, June 11, 2014 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced that Shell has signed a long-term contract to help Shell extend ever more value from its current IT investments and help accelerate its transition to SAP HANA® in the cloud. Shell is a longstanding SAP customer and this latest agreement extends the relationship between the two giants through the end of the decade.
SAP will embed a team of experts into the Shell organization to work closely together with Shell to extend value from its current SAP environment. As a result, the two companies will be able to leverage SAP technology to deliver tangible business outcomes for Shell, with the prospect of reducing total cost of ownership. These technologies include SAP Cloud powered by SAP HANA, SAP Predictive Analysis software, SAP Fiori® user experience and SAP Screen Personas software, as well as SAP HANA. "We are pleased that a global leader like Shell has signed this contract with SAP," said Rob Enslin, member of the SAP Executive Board and president of Global Customer Operations. "We want to support our customers' desire for deep enterprise expertise, thought leadership and proven best practices to support how innovation without disruption can directly support business transformation. We are confident that SAP will improve Shell's ability to tap into the agility and innovation of the cloud and drive entirely new ways of doing business, leveraging the power of SAP Cloud powered by HANA." For more information, visit the SAP News Center. Follow SAP on Twitter at @sapnews. About SAP 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 258,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com. 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.