SAP Makes Room for Growing R&D Team in Bulgaria
Head of Bulgarian Foreign Investment Agency Joins SAP Executives at Inauguration of New Location for 280 Employees of SAP Labs Bulgaria
SOFIA, Bulgaria - December 08, 2005 - SAP Labs Bulgaria, a wholly owned subsidiary of SAP AG (NYSE: SAP), today officially inaugurated the new offices for its rapidly growing workforce. Growing from an organization of 60 software developers in 2000, the SAP Labs location today boasts more than 280 employees and is focused on the development of the Java application server and the SAP® Composite Application Framework for the SAP NetWeaver® platform. The announcement was made at the site’s official ribbon-cutting ceremony, led by Executive Director of InvestBulgaria Agency Mr. Pavel Ezekiev and SAP Executive Board Member Claus Heinrich.
“In 2004 Bulgaria attracted over $2.5 billion of foreign direct investment1, 20 percent of which in high tech, and this performance is continuing into 2005,” said Pavel Ezekiev. “Bulgaria is proud of its talented and skilled people, who are contributing to the development of technologies widely deployed worldwide. It is my pleasure to congratulate SAP, one of the largest technology companies investing in Bulgaria, on its new office building.”
“Research and development are key to SAP’s organic growth strategy,” said Claus Heinrich. “SAP Labs Bulgaria is a strong contributor to SAP’s success and with its highly qualified and motivated workforce, Bulgaria is increasingly fortifying its innovation standing in Eastern Europe.”
SAP’s initial research site in Sofia was established in May 2000, when a team of 60 software developers working locally on a Java Enterprise Server project was incorporated into SAP AG. The organization then joined the SAP Labs network in 2002. Bulgaria was chosen as an SAP Labs location because of cultural compatibility and the availability of a skilled and flexible workforce.
1 No. 1 per capita in Eastern Europe according to the Vienna Institute for International Economic Studies
About SAP Labs
SAP Labs researches, designs, and delivers leading-edge software solutions that enhance and extend mySAP™ Business Suite. By creating knowledge, encouraging innovation, and investing in people and technology, SAP Labs develops solutions that enable SAP customers to improve their business processes and achieve their business objectives. SAP Labs represents a dynamic community within SAP’s global research and development organization, sharing insights and promoting creativity on a worldwide basis. With operations in Bulgaria, Canada, China, France, Germany, India, Israel, Japan, and in the US, SAP Labs integrates ideas and leading-edge technologies that address the needs of specific industries and geographic regions, and keep SAP and its customers at the forefront of business success.
SAP is the world’s leading provider of business software solutions*. Today, more than 29,800 customers in over 120 countries run more than 100,600 installations of SAP® software—from distinct solutions addressing the needs of small and midsize enterprises to suite solutions for global organizations. Powered by the SAP NetWeaver® platform to drive innovation and enable business change, mySAP™ Business Suite solutions are helping enterprises around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP industry solutions support the unique business processes of more than 25 industry segments, including high tech, retail, public sector and financial services. 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 solutions as comprising enterprise resource planning and related software solutions such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
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