SAP News

SAP United States - Press Release: "SAP AG (NYSE: SAP) today announced the signing of several agreements with Neusoft Group, one of China�s leading IT services and training companies. At a global level, SAP concluded a master relationship agreement with Neusoft that will expand cooperation between the two organizations. SAP will also take a minority equity stake in the Neusoft Group. Terms of the all-cash transaction were not disclosed. In addition, SAP China, a subsidiary of SAP AG, signed a separate agreement with Neusoft under which Neusoft will expand its training offerings for SAP� software in China. Together, the agreements will deepen the relationship between the two companies, further extend training and solution offerings for SAP customers in China, and establish Neusoft as an important SAP training and development center in China. The agreements are the latest in a series of steps extending SAP�s operations in China and expanding its ability to serve Chinese customers and partners across the country"