Securit Taps SAP for Information Flow and Business Process Improvements

May 18, 2006

First Phase of Strategic IT Renewal Increases Operational Efficiencies for World-Leading Canadian Organization

ORLANDO, Fla. and TORONTO - Securit, a world leader in information management and document destruction, announced today the completion of the initial six-month phase of a two-year business system implementation with SAP Canada.

The company is replacing its previous combination of legacy financials and branch systems with mySAPTM ERP, mySAPTM Customer Relationship Management and SAP NetWeaver® Portal. Using the SAP® ASAP Focus methodology and SAP® Best Practices, the first deployment phase was marked by 30 per cent to 50 per cent reductions in implementation times and costs.

“We were looking for a partner that could provide an end-to-end solution including software, IT resources and a safe, predictable and value-based implementation approach,” said Delvin Fletcher, chief information officer, Securit. ”We found the answer in SAP. Once we made our core vendor decision, SAP Consulting helped to ensure the project’s success through both implementation guidance and resources and strategic support as we designed and then implemented the first phase of our new generation business process architecture.”

Securit will use SAP® applications as its core technology to create the business process foundation necessary to support its high growth and rapidly diversifying global business strategy. Leveraging best practices and SAP’s industry-leading expertise, Securit will enable the development and management of an end-to-end view of customer relationships and better service customer needs by utilizing agile business solutions.

“With the success and growth that Securit has seen over the past two decades, it needed a business system that could support where it is now and where it will be 10 and even 20 years from now,” said Robert Courteau, president and managing director, SAP Canada. “The first phase of the implementation has already started to show significant benefits, and once complete, Securit will have a complete enterprise system that’s capable of adapting to the company’s needs and growing with its business.”

The complete upgrade to Securit’s systems will be completed by the end of 2007. The first phase of the new enterprise strategy has already consolidated eight disparate general ledgers into one, improved call centre performance and enhanced operational efficiencies by using SAP software.

About Securit
Securit is an international success story growing from a single branch when Shred-it was founded in Toronto 18 years ago, to a worldwide network of more than 140 branches with 2,600 employees serving 150,000 customers in 15 countries. Securit provides the highest level of security - via Securit Records Management and Shred-it Document Destruction.

About SAP Canada
SAP Canada, based in Toronto, is a fast-growing subsidiary of SAP AG, the world’s leading provider of business software. SAP applications are helping Canadian enterprises improve productivity and customer relationships, reduce costs, increase revenues and profitability, and create efficiencies across supply chains and business operations. SAP Canada has more than 600 customers and 800 employees in five offices across the country. In addition, SAP Labs Canada develops cutting-edge software for a wide array of SAP applications from its Montreal location.

For further information, please visit www.sap.ca.

About SAP AG
SAP is the world’s leading provider of business software*. Today, more than 33,200 customers in more than 120 countries run SAP® applications—from distinct solutions addressing the needs of small and midsize enterprises to suite offerings for global organizations. Powered by the SAP NetWeaver® platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol “SAP.” (Additional information at http://www.sap.com)

(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.

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.

Copyright © 2006 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

Contact Information

Emile Lee

SAP AG

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