Wednesday, May 17, 2006
SAP launches investment fund, new software | Tech News on ZDNet
SAP launches investment fund, new software Tech News on ZDNet: "To spur development of products that run on its NetWeaver software, SAP said, the company has launched a $125 million fund. NetWeaver links SAP's software to other new and existing business systems within companies.
The fund will complement SAP's existing SAP Venture investment arm, which backs emerging technology.
SAP is hoping to jump-start development of software from partner companies that could help stimulate sales of its own business applications software.
The company may also acquire some of the partners it backs, said Henning Kagermann, SAP's chief executive. "
The fund will complement SAP's existing SAP Venture investment arm, which backs emerging technology.
SAP is hoping to jump-start development of software from partner companies that could help stimulate sales of its own business applications software.
The company may also acquire some of the partners it backs, said Henning Kagermann, SAP's chief executive. "
