SAP Announces Strategic Investment in Questra Corporation
Deal Marks First Investment for Global SAP NetWeaver® Fund
WALLDORF, Germany - August 15, 2006 - SAP AG (NYSE: SAP) today announced it has made an investment in Questra Corporation, a leader in intelligent device management (IDM). Today’s announcement marks the first investment for SAP’s $125 million global SAP NetWeaver® Fund and underscores SAP’s commitment to fuel the development of innovative solutions built on the SAP NetWeaver platform.
Questra, based in Redwood City, California, recently received “SAP® xApps™ Certified – Powered by SAP NetWeaver” status for the Questra RemoteService™ Composite Application. Developed in conjunction with joint SAP and Questra customer Heidelberger Druckmaschinen AG, the Questra composite application enables manufacturers to monitor remote devices and automatically generate service notifications in their SAP Service and Asset Management solution.
“Questra is actively engaged in the SAP ecosystem and has already gained significant traction around delivering solutions that take advantage of the SAP NetWeaver platform,” said Emil Wang, CEO of Questra. “We are pleased to receive the first investment from the SAP NetWeaver Fund and view this commitment from SAP as an endorsement of our commitment to deliver innovative composite applications to our joint customers and our mutual interest in developing powerful enterprise services. This investment will enable Questra to accelerate development of additional SAP xApps Certified solutions and ramp-up our sales and marketing organization to address the joint customer opportunities.”
SAP NetWeaver Fund
The SAP NetWeaver Fund was established in May 2006 and focuses on strategic investments in select companies that choose to leverage the SAP ecosystem and build innovative solutions based on the SAP NetWeaver platform. Funded out of SAP’s corporate development funds, the $125 million SAP NetWeaver Fund complements the efforts of SAP’s venture arm, SAP Ventures, and is managed jointly by Zia Yusuf, executive vice president of platform ecosystem at SAP, and Jim Mackey, head of corporate finance at SAP.
There are currently more than 400 “Powered by SAP NetWeaver” solutions and more than 1,000 independent software vendors (ISVs) actively developing on the SAP NetWeaver platform today.
“The SAP NetWeaver Fund was established to nurture companies desiring to leverage the benefits of the SAP ecosystem,” said Zia Yusuf, executive vice president of platform ecosystem at SAP and co-manager of the SAP NetWeaver Fund. “We see a significant opportunity for enterprises to tap information available from intelligent devices connected to the Internet and believe Questra’s technology holds great promise. We’re pleased to make this investment and look forward to continuing co-innovation with Questra for the benefit of our mutual customers.”
SAP is the world’s leading provider of business software*. Today, more than 34,600 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.
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