Friday, May 26, 2006
People's Daily Online -- SAP and Neusoft join forces
People's Daily Online -- SAP and Neusoft join forces: "German software maker SAP and China's largest software exporter Neusoft announced yesterday that they will sign a co-operation agreement to form a strategic partnership.
The move aims to better tap into China's large, small and medium-sized business (SMB) enterprise resource planning (ERP) software market.
Under the agreement, SAP will invest 10 million euros (US$12.8 million) to buy a nearly 3-per cent stake in outsourcer Neusoft, the Financial Times Deutschland said yesterday, quoting company sources. Both parties declined to disclose the amount invested.
'This is a milestone in SAP's development in China,' said Klaus Zimmer, president of SAP Greater China. "
The move aims to better tap into China's large, small and medium-sized business (SMB) enterprise resource planning (ERP) software market.
Under the agreement, SAP will invest 10 million euros (US$12.8 million) to buy a nearly 3-per cent stake in outsourcer Neusoft, the Financial Times Deutschland said yesterday, quoting company sources. Both parties declined to disclose the amount invested.
'This is a milestone in SAP's development in China,' said Klaus Zimmer, president of SAP Greater China. "
