‏إظهار الرسائل ذات التسميات SAP. إظهار كافة الرسائل
‏إظهار الرسائل ذات التسميات SAP. إظهار كافة الرسائل

Cygnet.One Acquires SAP Gold Partner TechPoint to Drive Cloud and ERP Transformation

  • Strategic acquisition expands Cygnet's enterprise SAP capabilities across manufacturing, life sciences, automotive, and FMCG sectors
Cygnet.One, a global enterprise technology solutions provider, today announced the acquisition of a majority stake in TechPoint Business Solution Pvt. Ltd., a specialized SAP Gold Partner based in Pune, India.

TechPoint brings deep expertise in SAP S/4HANA implementation, GROW with SAP, SAP Analytics, SAP SuccessFactors, and managed cloud services. The company serves clients across manufacturing, automotive, pharmaceuticals, FMCG, and industrial manufacturing verticals.

"This acquisition strengthens Cygnet's SAP practice and expands our ability to deliver end-to-end enterprise transformation programs at scale," said Keval Hutheesing, CEO, Cygnet.One. "TechPoint's implementation depth and industry focus are exactly what our global clients need as they navigate ERP modernization and cloud migration. We are excited to build on their strong foundation."

"Joining Cygnet marks a transformative milestone for TechPoint" said Sandeep Rai, Head of Digital Transformation at TechPoint Business Solution. "We have always believed in delivering outcomes, not just technology. With Cygnet's global reach and resources, we can do that at a much greater scale for our clients" said Amit Kumar, Business Head at TechPoint Business Solution.

The acquisition accelerates Cygnet's strategy to build a comprehensive, end-to-end enterprise technology capability - spanning SAP, digital transformation, AI-led solutions, cloud infrastructure, and managed services.

About Cygnet.One

Cygnet.One is a global enterprise technology solutions provider with 25+ years of experience delivering digital transformation, SAP, cloud, and AI-led solutions to enterprises worldwide. Headquartered in Ahmedabad, India, Cygnet serves clients across North America, Europe, the Middle East, and Asia Pacific. www.cygnet.one

About TechPoint Business Solution

TechPoint Business Solution Pvt. Ltd. is a SAP Gold Partner headquartered in Pune, India, specializing in SAP S/4HANA implementation, managed cloud services, and enterprise application transformation. The company serves mid-to-large enterprises across manufacturing, automotive, pharmaceutical, FMCG, and industrial sectors.

Tata Technologies Gains SAP PartnerEdge Sell Authorization in India and US to Drive Cloud ERP Transformation

Tata Technologies Gains SAP PartnerEdge Sell Authorization in India and US to Drive Cloud ERP Transformation
  • Strengthens Tata Technologies’ position within the SAP ecosystem with end-to-end capabilities spanning advisory, implementation, and value realization. 
  • Enables enterprises to accelerate SAP Cloud ERP adoption and modernize digital core for real-time, data-driven decision-making. 
  • Enhances ability to embed SAP Business AI and intelligent automation across enterprise workflows for improved productivity and scalability
Tata Technologies Limited (BSE: 544028, NSE: TATATECH), a leading global product engineering and digital services company, today announced that it has secured SAP PartnerEdge Sell authorization across India and the United States, strengthening its strategic role within the SAP ecosystem.

This authorization marks a significant evolution in Tata Technologies’ go-to-market strategy, transitioning from a services-led model to a solution-led, outcome-driven approach. Under this model, Tata Technologies will lead customer engagements across the full lifecycle, including solution advisory, cloud ERP transformation, solution design, and value realization.

With this authorization, Tata Technologies enhances its ability to accelerate enterprise-wide transformation powered by the SAP Business Suite portfolio. Tata Technologies will support enterprises in modernizing their digital core with SAP Cloud ERP, enabling real-time, data-driven decision-making and scalable operations aligned with SAP’s vision of the Autonomous Enterprise.

Leveraging its deep expertise in manufacturing, Tata Technologies enables global OEMs and enterprises to reduce implementation risks and accelerate SAP Cloud ERP adoption. By serving as a single partner across the SAP journey, from advisory and business case development to implementation and value realization, Tata Technologies ensures seamless and outcome-focused transformation.

As part of this collaboration, Tata Technologies will help organizations harness SAP Business AI to embed intelligent capabilities into enterprise workflows. This includes leveraging Joule, SAP’s AI-enabled business assistant, to enhance productivity, automate processes, and accelerate decision-making.

Through integration with the SAP Business Technology Platform, Tata Technologies enables enterprises to extend and innovate across their SAP landscapes, unlocking actionable insights while maintaining a resilient and scalable digital core.

Aligned with SAP’s Clean Core strategy, Tata Technologies supports enterprises in adopting innovation without disrupting legacy systems, ensuring standardized, upgrade-stable environments that are agile and future-ready.

Mr. Warren Harris, MD & CEO, Tata Technologies, said, “The future belongs to enterprises that innovate faster, operate smarter, and scale sustainably. Expanding our SAP PartnerEdge partnership with a Sell authorization enables us to deliver transformative solutions that help customers reimagine their businesses and stay ahead in an increasingly digital world.

This authorization reinforces Tata Technologies’ position as a trusted global partner for enterprise and AI-led transformation.

LTM Unveils BlueVerse™ Marketplace to Accelerate SAP Agent Onboarding

LTM Unveils BlueVerse™ Marketplace to Accelerate SAP Agent Onboarding

LTM, the Business Creativity partner to the world’s largest enterprises, today announced the launch of the LTM Business Orchestration Platform, an AI-powered offering designed to enable enterprises to move from fragmented decision-making to real-time, intelligent operations across SAP and the wider enterprise landscape. LTM BlueVerse™ serves as the marketplace layer for scalable onboarding of SAP‑focused agents within the platform.

The SAP-Centric Business Orchestration Platform with SAP-based tools is built on capabilities spanning AI engineering, intelligent decision orchestration, and resilient operations. It brings decision-making and execution together into a single intelligent operating layer. By enabling a shift from reactive processes to autonomous, outcome‑driven execution, the platform delivers measurable impact for SAP‑driven enterprises, including up to 30 per cent faster AI deployment, 40 per cent fewer manual interventions, and up to 60 per cent faster incident resolution.

The real value of SAP is unlocked when insights translate into action in real time. The LTM Business Orchestration Platform provides a unified intelligence layer that connects data, decisions and execution, extending SAP’s impact across the enterprise,” said Krishnan Iyer, Chief Growth Officer, LTM.

To learn more about this globally available offering, click here or visit us at SAP Sapphire Orlando to see the LTM Business Orchestration Platform in action.

SAP to Acquire Dremio, Building Iceberg‑Native Lakehouse to Power Agentic AI at Enterprise Scale

SAP to Acquire Dremio, Building Iceberg‑Native Lakehouse to Power Agentic AI at Enterprise Scale

SAP SE has announced plans to acquire Dremio, a leading open-source data lakehouse platform, to strengthen its Business Data Cloud and accelerate agentic AI capabilities. The deal, expected to close in Q3 2026 pending regulatory approval, will make SAP’s platform Apache Iceberg-native, enabling seamless integration of SAP and non-SAP data.

Dremio is a U.S.-based data lakehouse company headquartered in Mountain View, California, founded in 2015 by Tomer Shiran and Jacques Nadeau. It has raised over $420 million from major investors including Lightspeed Venture Partners, Insight Partners, Redpoint Ventures, and Sapphire Ventures.

Dremio positions itself as the Agentic Lakehouse, an Apache Iceberg-native data platform designed for AI agents and enterprise analytics. It enables federated queries across multiple data sources without ETL pipelines, providing a unified semantic layer that adds business context for AI and human users alike.  

Key Highlights of the Acquisition

  • Acquirer: SAP SE (NYSE: SAP)
  • Target: Dremio, an open, high-performance data lakehouse platform
  • Announcement Date: May 4, 2026
  • Closing Timeline: Expected Q3 2026, subject to regulatory approval
  • Financial Terms: Not disclosed
  • Strategic Goal: Enhance SAP Business Data Cloud and SAP HANA Cloud to unify SAP and non-SAP data for real-time analytics and AI workloads

Why SAP is Acquiring Dremio

  • Data Fragmentation Challenge: Many enterprise AI projects fail due to fragmented, proprietary data formats lacking business context.
  • Dremio’s Solution: Provides an Apache Iceberg-native lakehouse that eliminates data movement and format conversion.
  • Agentic AI Enablement: Accelerates AI-ready context, reducing integration friction and compliance risks.
  • Serverless Architecture: Elastic scaling improves economics of enterprise analytics by removing fixed capacity requirements.

SAP’s Broader AI Strategy

  • Alongside Dremio, SAP is also acquiring Prior Labs, a pioneer in Tabular Foundation Models (TFMs).
  • SAP is committing over €1 billion to scale Prior Labs globally.
  • The combination of Dremio’s open lakehouse and Prior Labs’ TFMs positions SAP to deliver enterprise-scale agentic AI solutions.

Industry Impact

  • Open-Source Commitment: SAP will continue investing in Apache Iceberg, Apache Polaris, and Apache Arrow.
  • Competitive Landscape: Dremio differentiates itself from SAP’s existing partners like Snowflake and Databricks.
  • Customer Base: Dremio is trusted by Shell, TD Bank, and Michelin.

Summary

SAP’s acquisition of Dremio marks a strategic leap in enterprise AI, addressing the critical bottleneck of fragmented data. By embedding Dremio’s Iceberg-native lakehouse into SAP Business Data Cloud, SAP aims to deliver governed, AI-ready intelligence at scale, while reinforcing its commitment to open-source innovation.

SAP Labs India Commits €194 Million for Second Bengaluru Campus, Eyes AI-Led Innovation

SAP Labs India Commits €194 Million for Second Bengaluru Campus, Eyes AI-Led Innovation

SAP Labs India has announced a major expansion with a €194 million (approximately $224.65 million USD) investment to establish its second campus in Bengaluru, reinforcing its commitment to India as a strategic innovation hub. The new facility, located in Devanahalli near Kempegowda International Airport, spans 41 acres and is set to become one of SAP’s largest global campuses.

Named the SAP Labs India Innovation Park, the campus is designed as a “living lab” to foster co-innovation across SAP’s ecosystem—including customers, partners, academia, and startups. It will host the full spectrum of SAP’s product operations, with a strong focus on AI-driven enterprise solutions ranging from S/4 HANA to sustainability platforms.

Currently housing 3,200 employees, the campus will accommodate 4,500 professionals in its first phase, with full capacity expected to reach 15,000 by Q3 2028. This expansion complements SAP’s existing Whitefield campus and strengthens its position as SAP’s largest R&D center outside Germany, with over 17,000 employees already contributing to global product development.

SAP’s leadership emphasized the strategic importance of India in its global innovation roadmap. Sindhu Gangadharan, Managing Director of SAP Labs India, highlighted the country’s pivotal role in shaping next-generation enterprise technologies. Thomas Saueressig, SAP SE Executive Board Member, described the new campus as a “strategic asset” for delivering enterprise-grade AI and data solutions.

The investment aligns with SAP’s broader push into generative AI, with 75% of its engineers undergoing AI training and 90% already leveraging AI tools to enhance productivity. The company aims to double client productivity gains from 20% to 40% by the end of the year through AI-led transformation.

This move not only underscores SAP’s long-term commitment to India’s tech ecosystem but also signals a bold step toward redefining enterprise innovation through AI and collaborative development.

Infosys Opens AI-Focused SAP Lab in Germany, Expands Living Labs Network Globally

Infosys Opens AI-Focused SAP Lab in Germany, Expands Living Labs Network Globally

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, has unveiled its latest strategic move with the launch of the Infosys Enterprise Innovation Lab for SAP Solutions, situated at its premises in Düsseldorf, Germany. This state-of-the-art lab marks a pivotal expansion of Infosys’ global network of Living Labs and reinforces its commitment to co-creating intelligent, AI-powered solutions tailored to enterprise needs.

Built as part of an expanded collaboration with SAP, the lab invites organizations to ideate, prototype, and evolve their digital transformation strategies using cutting-edge technologies. By leveraging SAP Business AI, SAP Business Data Cloud, and RISE with SAP, alongside Infosys Cobalt and Infosys Topaz—its AI-first generative AI suite—the facility aims to empower enterprises in financial performance, operational agility, and governance excellence.

This lab creates a collaborative ecosystem where innovation meets scalability,” said an Infosys spokesperson. “Clients can explore the possibilities of integrating enterprise-wide data to drive real-time AI-powered decisions and secure, compliant operations.”

The Düsseldorf lab serves as a hub for solution development across sectors, providing enterprises with hands-on access to advanced SAP-integrated capabilities. Its launch signals Infosys’ ambition to shape the future of intelligent enterprises through localized innovation and global reach. With more than a dozen Living Labs worldwide, Infosys is delivering on its vision of seamless digital transformation—one co-created solution at a time.

SAP India Launches Social Procurement Initiative That Aligns with Govt's GeM, ONDC and Make In India Programs

SAP India Launches Social Procurement Initiative That Aligns with Govt's GeM, ONDC and Make In India Programs

SAP India has launched a Social Procurement Initiative aimed at empowering social enterprises by integrating them into corporate value chains. This initiative aligns with government programs like GeM and ONDC, and aims to foster innovation, drive equitable economic development, and support sustainable practices.

SAP India cited a World Economic Forum. report that said that India is home to more than 2 million social enterprises, with close to 25% led by women, making it one of the most dynamic entrepreneurial environments globally. This is a nascent space with significant potential as evidence highlights; businesses are seeing positive business and social outcomes emerging from their supply chain inclusion and sustainability programs.

The newly launched initiative on social procurement is aligned with the Government of India’s (GoI) interventions including the Government eMarketplace (GeM), Open Network for Digital Commerce (ONDC), Make in India, and promotion of Farmer’s Producer Organizations (FPOs).

Key Highlights:

Empowering Social Enterprises: SAP aims to enable corporate procurement from social enterprises, which can positively impact communities and the environment while helping companies achieve their CSR, diversity, and sustainability goals.

Supporting Key Government Programs: The initiative supports programs like Government eMarketplace (GeM), Open Network for Digital Commerce (ONDC), Make in India, and Farmer Producer Organizations (FPOs).

Sustainable Manufacturing: SAP will collaborate with impact businesses to prioritize ethical manufacturing and responsible production.

Innovation and Local Entrepreneurship: By partnering with incubators, SAP aims to foster innovation and scale sustainable businesses.

Empowering Farmers: SAP’s initiatives include supporting FPOs to enhance their market readiness, enabling small farmers to access new markets and secure stable incomes.

This initiative underscores SAP's commitment to embedding ethical and sustainable practices into business operations, transforming procurement decisions into opportunities that uplift communities and drive equitable growth.

SAP and Ambipar Unveil Net Zero as a Service, for Businesses to Manage and Offset Carbon Emissions

SAP and Ambipar Unveil Net Zero as a Service, for Businesses to Manage and Offset Carbon Emissions

SAP and Ambipar have announced a new initiative called Net Zero as a Service. This partnership aims to help businesses manage and offset their carbon emissions more effectively. By combining SAP's robust cloud solutions with Ambipar's expertise in carbon credit generation and trading, the service provides a comprehensive solution for the entire decarbonization journey.

Key features include:

End-to-end carbon management: SAP's ERP-centric and AI-enabled solutions allow businesses to measure emissions accurately and make informed decisions.

Carbon credit purchasing: Customers can neutralize their emissions by buying internationally certified carbon credits through Ambipar's platform, AMBIFY, available on the SAP Store.

Scalability: Ambipar is currently piloting this service in its own operations and plans to make it widely available to SAP customers soon.

This initiative underscores both companies' commitment to sustainability and helping organizations achieve their net zero goals. 

SAP Makes Its GenAI Assistant 'Joule' Available to All RISE with SAP Customers

SAP Makes Its GenAI Assistant 'Joule' Available to All RISE with SAP Customers

SAP, on Wednesday, announced the significant enhancements to its RISE with SAP commercial packages, aiming to accelerate digital transformation and bring the power of artificial intelligence (AI) to all customers.

Maura Hameroff, Head of Product Marketing for RISE with SAP, announced that all RISE with SAP customers will now have access to 'Joule' — SAP's Generative AI Assistant or AI Copilot, announced last September, — natively integrated into SAP S/4HANA Cloud Private Edition, which helps revolutionize the way users interact with their SAP business systems.

Below are the key points of the announcement:

1. Packages Designed for Every Need:

RISE with SAP S/4HANA Cloud Private Edition, premium: This package includes access to SAP Business Technology Platform (SAP BTP), features for low-code application development, additional capabilities for generative AI, CFO suite, SAP Datasphere, and SAP Business Network.

RISE with SAP S/4HANA Cloud Private Edition, premium plus: This extends the premium edition with advanced sustainability features, expanded access to generative AI capabilities, and CFO solutions.

2. AI for All

All RISE with SAP customers now have access to Joule, an AI copilot natively integrated into SAP S/4HANA Cloud Private Edition. Joule enhances user interactions by allowing natural language interactions and generating insights from business data.

SAP is also including SAP AI units for premium edition customers, enabling them to pilot advanced AI innovations like SAP Cash Application, SAP Business Integrity Screening, and SAP Field Service Management.

3. RISE Premium Plus

SAP has introduced a new package called RISE Premium Plus, combining AI technology with sustainability and advanced finance solutions. Customers can innovate faster, make informed decisions, and unlock the value of enterprise data.

Apparently, SAP is aiming to democratize AI capabilities and provide tailored solutions to businesses of all sizes to thrive in the digital era.

RISE with SAP is an offering that helps organizations migrate their legacy ERP (Enterprise Resource Planning) systems to a modern cloud-based ERP solution.

RISE with SAP includes an AI-powered cloud ERP managed and optimized by SAP. It follows the clean core approach, allowing businesses to migrate on-premise systems, transform business processes, drive continuous innovation, and unlock cloud agility.

SAP Announces Its New Open Source Manifesto

SAP Announces Its New Open Source Manifesto

SAP recently published its open source manifesto, reinforcing its commitment to open source principles and community engagement. The manifesto aligns with SAP’s established presence as a key contributor to open source. In fact, SAP currently ranks as one of the top ten commercial contributors globally on GitHub in the OSCI.

The manifesto provides guidance to internal developers, as well as customers, partners, and the developer ecosystem. It emphasizes transparency, security, and shared success, aiming to accelerate innovation and collaboration on a significant scale. By embracing open source, SAP not only accelerates its own innovation but also empowers its customers and partners to build on a solid foundation.

SAP actively contributes to several open source projects and foundations. Some notable ones are — Gardener, Kyma, and OpenUI5.

SAP also actively supports and sponsors organizations in the open source community, including the Linux Foundation, Cloud Native Computing Foundation, and the Apache Software Foundation. If anyone is interested, one can explore more of SAP's open source projects on GitHub.

The manifesto coincides with SAP’s participation in the Open Reference Architecture project under the EU’s IPCEI-CIS initiative, exemplifying SAP’s support for digital sovereignty in cloud infrastructure and services. This project’s development, contributed as open source, showcases SAP’s transparent approach to fostering community-led growth and innovation.

Tata Technologies Successfully Deploys SAP S/4 Hana for Mitsubishi Electric India

Tata Technologies Successfully Deploys SAP S/4 Hana for Mitsubishi Electric India

Tata Technologies has made significant strides in accelerating Mitsubishi Electric India's digital transformation. The implementation of SAP S/4 HANA has resulted in a 15% enhancement in operational efficiency. This was achieved through a comprehensive approach that included mapping and reengineering business processes across various functions for seamless integration.

The project was notable for its efficiency, as Tata Technologies managed to reduce the implementation timeline by approximately 25% by leveraging accelerators and digital transformation solutions. This swift deployment was aligned with the operational commencement of Mitsubishi Electric India's new manufacturing facility in Talegaon, Pune.

The successful deployment of SAP S/4 HANA has provided Mitsubishi Electric India with end-to-end visibility, data agility, and a unified data source for better decision-making based on real-time information. This strategic collaboration has set new benchmarks in the industry and is a testament to Tata Technologies' expertise in digital services and product engineering.

The project also included incorporating digital signatures and configuring document management system servers. This intricate task had to be completed within a stringent timeframe, including the mapping of entire business processes across their business units.

Leveraging its global footprint and a diverse team of experts, Tata Technologies facilitated a seamless SAP S/4 HANA implementation for Mitsubishi Electric India within an 11-month timeline, achieving a 25% reduction in the original schedule.

SAP S/4 HANA transforms businesses by providing a unified, real-time view of operations, simplifying complex processes, and enabling quicker, more informed decisions that lead to enhanced operational efficiency.

Commenting on the collaboration, Mr. Warren Harris, CEO & Managing Director, Tata Technologies, said, “This project with Mitsubishi Electric India is a testament to Tata Technologies’ mission of helping manufacturing companies worldwide conceptualize and manufacture better products. We leveraged our global teams in the manufacturing domain to reimagine the entire business process and implement SAP S/4 Hana, which delivered enhanced operational efficiency. This project exemplifies our One Team with Customers approach, further enhancing our client’s competitive edge.”

Mr. Kazuhiko Tamura, Managing Director at Mitsubishi Electric India Pvt. Ltd., on the successful implementation, expressed his satisfaction, stating, “Digital transformation of our operations is a strategic focus area for Mitsubishi Electric India, aimed at enhancing the operational efficiency. Our collaboration with Tata Technologies has been pivotal in achieving our digital transformation objectives ahead of schedule, significantly boosting our operational capabilities and setting a new direction for our future growth. As we embark on our journey to embrace digital transition with SAP S/4 Hana implementation, we strengthen our commitment to redefining our business processes for efficiency and agility. This strategic initiative reflects our relentless pursuit of excellence and innovation to serve the best for our customers and stakeholders.”

SAP Acquires WalkMe, A Digital Adoption Platform (DAPs), for $1.5 Billion

SAP Acquires WalkMe, A Digital Adoption Platform (DAPs), for $1.5 Billion

SAP SE has announced its definitive agreement to acquire WalkMe Ltd., a leader in digital adoption platforms (DAPs), for approximately $1.5 billion in an all-cash transaction.

A Digital Adoption Platform (DAP) is an automated software tool that is layered on top of an enterprise application. Its primary purpose is to facilitate the onboarding process for new users, guide them on how to use the organization's applications effectively, and provide insights into how users interact with the application Interface.

This acquisition is set to enrich SAP's Business Transformation Management portfolio, which includes SAP Signavio and SAP LeanIX solutions, and is aimed at enhancing the customer experience and driving business transformation.

The offer price of $14.00 per share represents a 45% premium over WalkMe's closing share price on June 4, 2024. WalkMe's technology focuses on automating contextual, in-app support, which is expected to bring significant value to SAP's enterprise customers. The acquisition is approved by the Executive and Supervisory Boards of SAP SE and the board of directors of WalkMe.

WalkMe's initial public offering (IPO) took place in June, 2021, and resulted in a valuation of US$2.56 billion in that year. However, the Israeli company was valued at less than $880 million on Tuesday, meaning the offer of $14 per share represents a 45% premium.

WalkMe's DAP works on top of an organization's application landscape, providing users with advanced guidance and automation features that enable them to execute workflows seamlessly across any number of applications. This results in higher adoption of the underlying application and drives value realization. Importantly, WalkMe will continue to fully support non-SAP applications.

The acquisition marks a significant milestone for both companies, with SAP CEO Christian Klein emphasizing the importance of applications, processes, data, and people in successful business transformation. WalkMe CEO Dan Adika expressed excitement about joining forces with SAP, highlighting the potential for substantial growth opportunities and greater value delivery to customers.

Soon, WalkMe plans to launch the WalkMeX copilot, which will use WalkMe's contextual awareness and AI to suggest the best next steps for any workflow, anywhere. This innovative feature is expected to serve as an overlay to any application, including copilots from different vendors that companies use in their landscapes.

Applications, processes, data and people are the four key elements of a successful business transformation,” said Christian Klein, CEO and member of the Executive Board of SAP SE. “By acquiring WalkMe, we are doubling down on the support we provide our end users, helping them to quickly adopt new solutions and features to get the maximum value out of their IT investments.”

The acquisition is subject to customary closing conditions, including the receipt of WalkMe shareholder approval and necessary regulatory clearances, and is expected to close in the third quarter of 2024. The impact of the transaction on SAP’s non-IFRS earnings per share for fiscal 2024 is expected to be immaterial.

SAP and Accenture Collaborate to Transform Business Processes with SAP Business AI

SAP and Accenture Collaborate to Transform Business Processes with SAP Business AI

SAP and Accenture have announced a collaboration to accelerate the value realization of SAP Business AI for their customers. This partnership aims to leverage generative AI to transform business processes and enhance performance and productivity. The collaboration includes SAP Business AI offerings like Joule, generative AI hub, SAP Datasphere, and SAP HANA Cloud vector engine. These tools are intended to strengthen the digital core with embedded AI capabilities and enhance business functions with AI insights.

Generative AI is recognized as a significant factor in business transformation, requiring a multi-year change agenda and continuous transformation program. The collaboration emphasizes adopting scalable AI models, a modern data foundation, and a flexible AI architecture. This approach is designed to future-proof organizations against technological evolutions.

Research indicates that 40% of C-suite leaders expect their organizations to scale generative AI enterprise-wide within 6 to 12 months. However, only 13% are extremely confident in their data strategy and digital capabilities to leverage generative AI effectively.

With over 40 years of working together, SAP and Accenture are focusing on helping clients realize value at scale in 2024 by harnessing the business potential in enterprise data with AI.

Accenture has utilized SAP Business Al to advance its own business outcomes. It has helped Accenture's business and finance leaders reduce decision-making time by 15%, cut down financial narrative efforts by 60%, and mitigate risks with real-time financial data insights, including over 13,000 user alerts per month.

SAP and Accenture are also teaming up on SAP Signavio and SAP LeanIX solutions to provide customers with the quantitative insights needed for cloud ERP and to fully tap into the value of generative AI. The combined expertise of SAP in enterprise resource planning and Accenture in consulting and implementation ensures that customers receive comprehensive support and guidance throughout their digital transformation endeavors. This collaboration underscores the commitment of both companies to help businesses navigate the complexities of adopting new technologies and achieving their strategic objectives.

This collaboration is a strategic move to help organizations adopt generative AI and accelerate their ERP transformation in the cloud, ultimately aiming to improve business performance and employee productivity. For more detailed information, you can refer to the full articles on the SAP News Center and Accenture Newsroom.

SAP To Use AWS's AI Chips and Integrate GenAI Models from Amazon Bedrock

SAP To Use AWS's AI Chips and Integrate GenAI Model from Amazon Bedrock

Amazon Web Services (AWS) and SAP SE have announced an expanded strategic collaboration to enhance cloud enterprise resource planning (ERP) experiences and enable enterprises to harness generative artificial intelligence (AI) for new capabilities and efficiencies. This partnership aims to transform how businesses operate by integrating generative AI into their core processes.

SAP plans to utilize AWS's specialized chips for training and deploying its future Business AI offerings. The chips in question are AWS Trainium and AWS Inferentia, which are purpose-built for artificial intelligence (AI) and machine learning (ML) workloads. This move is part of the broader strategic collaboration between AWS and SAP to integrate generative AI into SAP's cloud enterprise resource planning (ERP) experiences.

AWS Trainium and AWS Inferentia are custom-built chips designed by Amazon Web Services (AWS) for specific machine learning (ML) tasks. AWS Trainium is optimized for deep learning (DL) training of large models, including generative Al models.

Each Trainium accelerator includes two second-generation NeuronCores and 32 GB of high- bandwidth memory, delivering up to 190 TFLOPS of FP16/BF16 compute power, ideal for training tasks in natural language processing, computer vision, and recommendation systems. While Inferentia2 accelerators have 32 GB of HBM per accelerator, significantly increasing memory capacity and bandwidth.

By leveraging AWS's powerful hardware, SAP aims to enhance the performance and efficiency of its AI-driven business applications. This will enable SAP customers to harness the capabilities of generative AI for a variety of applications, streamlining processes and driving innovation within their operations.

In addition, the collaboration also includes the integration of generative AI models from Amazon Bedrock, such as the Anthropic Claude 3 model family and Amazon Titan, into the SAP AI Core infrastructure. This will provide SAP customers with access to high-performing large language models (LLMs) and other foundation models (FMs) that can be customized with their own data.

Amazon Bedrock is a fully managed service provided by Amazon Web Services (AWS) that enables developers to build and scale generative Al applications using foundation models (FMs).

The goal is to make it easier for customers to adopt the RISE with SAP solution on AWS, improve the performance of SAP workloads in the cloud, and embed generative AI across an enterprise's portfolio of business-critical applications. This initiative is expected to accelerate the adoption of generative AI and modernize key business processes built on SAP solutions.

The generative AI hub in SAP AI Core infrastructure provides customers with secure access to a broad range of large language models (LLMs) that can easily be integrated into SAP business applications. Tens of thousands of customers use Amazon Bedrock to easily, quickly and securely build and scale generative AI applications using FMs from leading AI companies such as AI21 Labs, Anthropic, Cohere, Meta, Mistral AI, Stability AI and Amazon.

Infosys and SAP Emarsys Partner to Enhance Businesses' Customer Engagement Across Multiple Channels

Infosys and SAP Emarsys Partner to Enhance Businesses' Customer Engagement Across Multiple Channels

Infosys, a global leader in next-generation digital services and consulting, has announced a collaboration with SAP Emarsys, a cloud-based omnichannel customer engagement platform. This partnership aims to empower businesses to enhance their customer engagement across multiple channels.

Through this collaboration enterprises will be able to orchestrate complex industry-specific cross-channel marketing campaigns, reach customers in real-time, and drive customer loyalty through personalization. By harnessing AI capabilities of the platform and Infosys Topaz, an AI-first set of services, solutions and platforms using generative AI technologies, businesses can unlock the value of data from across organizational silos to enable data driven insights and predictive analytics to boost revenue growth.

Key highlights of the collaboration:
  • Leveraging Infosys Cobalt and Topaz: The collaboration will utilize Infosys Cobalt and Infosys Topaz to drive revenue growth and improve customer experiences.
  • Orchestrating Marketing Campaigns: Enterprises will be able to create high-impact marketing campaigns and reach customers in real-time, driving customer loyalty through personalization.
  • AI Capabilities: By harnessing AI capabilities of the platform, businesses can unlock the value of data from across organizational silos, enabling data-driven insights and predictive analytics to boost revenue growth.
  • 360-degree View of Campaigns: The synergy between Infosys and SAP Emarsys will provide clients with a comprehensive view of campaigns, blending digital channels with in-store experiences to create seamless customer journeys.
This collaboration is set to create a new era of customer engagement, generating faster insights across the customer lifecycle and facilitating a push towards innovation to deliver engaging shopping experiences across multiple touchpoints.

Dinesh Rao, Executive Vice President, Co-Head of Delivery, Infosys, said, “We are delighted to collaborate with SAP Emarsys to bring groundbreaking omnichannel marketing solutions to our customers. We look forward to helping businesses streamline their marketing processes, seamlessly blending digital channels and creating a new era of customer engagement and generating faster insights across customer life cycle.”

SAP Emarsys is recognized for its ability to automate highly personalized and engaging omnichannel customer experiences, which is crucial for businesses looking to improve their customer engagement and drive growth.

Brian Falzone, Chief Operations Officer, SAP Emarsys, said, “Our collaboration with Infosys will supercharge customer engagement and the way our customers leverage data to make strategic decisions. With Infosys' expertise connecting integrated marketing solutions to maximize revenue through personalization, innovation will continue to remain at the forefront for our customers.”

SAP Emarsys is an omnichannel customer engagement solution that is part of the SAP Customer Experience portfolio. It's designed to empower marketers to deliver personalized, real-time engagements at scale, which can significantly increase customer lifetime value (CLTV) and loyalty. SAP has acquired Emarsys in October 2020.

SAP and Infosys Introduce Industry Cloud Solution to Identify, Track, Predict, and Refine Carbon Emissions During S&OP

SAP and Infosys Introduce Industry Cloud Solution to Identify, Track, Predict, and Refine Carbon Emissions During S&OP

For companies to act sustainably, responsibly, and efficiently, they must harness the power of data-driven decisions and advanced technology to reduce their carbon footprint and create sustainable product portfolios.

At a September 2022 Hack2Build event, Indian IT & technology major, Infosys, also a partner of SAP, presented a solution for organizations to identify, track, predict, and refine carbon emissions during sales and operations planning (S&OP) and make sustainable decisions. The solution, Sustainable S&OP and Carbon Footprint Management, was built using SAP Integrated Business Planning (SAP IBP) for Supply Chain, SAP S/4HANA, SAP Business Technology Platform (SAP BTP), SAP Integration Suite, and SAP Sustainability Footprint Management.

Built on SAP Integrated Business Planning (IBP), S/4HANA and SAP Product Foot print management the Infosys carbon footprint solution calculates carbon emission based on greenhouse gas protocols and Global warming potential across procurement, production and distribution processes. [Download the Document

Infosys’ carbon footprint solution calculates carbon emissions based on greenhouse gas protocols and global warming potential factors across an organization’s procurement, production, and distribution processes. It helps calculate key information, such as estimates of CO2e emissions per order level, thereby helping to make decisions that can ensure a smaller carbon footprint.

The solution also provides an innovative framework to help companies identify, track, predict, and refine their carbon emissions numbers throughout the entire supply chain process.

Infosys is delighted to publish the Infosys Sustainable S&OP and Carbon Footprint Management Solution through the SAP-validated partner use case program,” said Atul Chorbele, AVP at Infosys. “We are confident that customers across industries will benefit from adopting this solution.”

Holger Brammer, Global Partner Ecosystem vice president at SAP, praised this partner solution and the development process: “It was impressive to see how fast Infosys developed this solution on SAP BTP and integrated it with SAP S/4HANA, SAP IBP, and SAP Sustainability Footprint Management. I’m quite confident that this solution will resonate very well with customers.”

Infosys’ solution is part of the SAP-validated partner use case program. The program was established to give SAP service partners the ability to showcase, position, and promote solutions and spotlight their expertise of SAP Business Technology Platform, leveraging the power of SAP’s vast customer base and industry networks.

The SAP-validated partner use case program offers service partners the ability to:
  • Get amplified market reach: Increased visibility enables service partners to target a broader audience, opening doors to new markets and untapped opportunities. Leveraging SAP’s robust platform, partners can position themselves strategically and expand their global reach.
  • Collaborate and co-innovate: Participating in the SAP-validated partner use case program can foster collaboration with SAP experts, industry leaders, and customers.
  • Access a dynamic ecosystem: Partners can benefit from SAP’s ecosystem, where they can collaborate, exchange knowledge, and share best practices with some of the industry’s best leaders.
  • Develop customer-centric solutions: The program helps put the customer at the core of solution development. Service partners can gain valuable customer insights though interactions facilitated by SAP, leading to better-tailored products and services that can precisely address users’ pain points.
The program presents opportunities for both customers and service partners to flourish. By achieving certification, service partners can earn credibility, expand market reach, and foster collaborative innovation with industry giants. Its streamlined processes help accelerate time-to-market, providing a significant advantage in today’s fast-paced business landscape.

SAP Launches Generative AI-based Code Development with Joule

SAP Launches Generative AI-based Code Development with Joule

SAP Unveils Innovations in Generative AI Application Development and Vector Database Capabilities as Well as New Learning Opportunities for Developers in the Era of AI

At the SAP TechEd event 2023, which is happening from 2nd to 3rd November in Bengaluru, SAP SE (NYSE: SAP) announced a comprehensive series of generative AI capabilities and advancements aimed at empowering developers of all skill levels to supercharge their businesses in the age of AI.

Today’s dynamic technology and business landscape means every developer needs to be an AI developer,” said Juergen Mueller, Chief Technology Officer and member of the Executive Board of SAP SE. “The innovations we’re launching at SAP TechEd, from AI-infused pro-code tools to a one-stop shop to create generative AI extensions and applications on SAP Business Technology Platform, support the developers at the heart of the AI revolution and provide them with resources they need to transform the way businesses run.”

SAP is launching the SAP Build Code solutions, which streamline cooperation with business experts who use the low-code SAP Build solutions launched at SAP TechEd in 2022. Uniquely built for SAP applications and the SAP ecosystem, SAP Build Code solutions offer AI-powered productivity tools for developers and are optimized for Java and JavaScript development. SAP Build Code also draws on the power of SAP’s new generative AI copilot Joule – the copilot that truly understands business – to further boost productivity, embedding code generation capabilities for data model, application logic and test script creation.

SAP Build Code includes pre-built integrations, APIs, and connectors to SAP and non-SAP systems, guided templates, and built-in SAP developer best practices to accelerate development.
 


Good data is the foundation of good AI, and SAP HANA Cloud continues to pioneer innovation in the data space by adding new vector database features to its multimodel offerings at no additional cost. Vector data stores manage unstructured data – such as text, images or audio – to provide long-term memory and better context to AI models. This makes it easy to find and retrieve similar objects quickly.

For example, users can search for suppliers based on the language in their contracts to examine payment history and trace individual orders. These powerful new vector database features enhance interactions between large language models and an organization’s mission-critical data. The innovation helps put SAP developers at the forefront of delivering radically new levels of data insight within a secure, private framework that uses industry-specific customer data to reduce hallucinations.

AI Foundation on SAP BTP, a new one-stop shop for developers to create AI- and generative AI-powered extensions and applications on SAP BTP, will further help increase developers’ impact and efficiency. AI Foundation includes everything developers need to start creating business-ready AI tools on SAP BTP – from ready-to-use AI services and access to the top large language models to vector database capabilities and AI runtime and lifecycle management.

AI Learning Opportunities with SAP

The rapid pace of technological innovation has driven up global demand for skilled developers – and SAP is increasing its learning opportunities in tandem. As part of a commitment to upskill two million professionals by 2025 and complement free AI learning content already available, SAP today launched new role-based certification and free learning resources for back-end developers using the ABAP Cloud development model. The two new learning resources covering ABAP development tools on SAP BTP and SAP S/4HANA are available on the SAP Learning site. They are designed for agile and cloud-compliant business transformation, providing developers with skills to build cloud-ready extensions that are aligned with SAP’s clean core strategy. SAP has also joined the Stanford HAI (Institute for Human-Centered AI) Corporate Affiliate Program. Researchers and engineers at SAP will work with the Stanford academic community, including research faculty and students, on the intersection of generative AI and business.

Infosys Collaborates with Siemens Gamesa Renewable Energy to Digitally Transform its Operations by Implementing SAP S/4HANA in 50+ Countries



BENGALURU, India, Feb. 2, 2021 /PRNewswire/ -- Infosys (NYSE: INFY), the global leader in next-generation digital services and consulting, has been selected by Siemens Gamesa Renewable Energy (SGRE), a global leader in the renewable energy industry, as a strategic partner for SAP S/4HANA implementation to deliver a globally harmonized ERP system. The implementation will enable Siemens Gamesa to become an agile, global organization driving digitalization, while enhancing its digital capabilities, offering, and competitive positioning.


Infosys successfully implemented a Greenfield SAP S/4HANA solution across 7 countries, replacing 2 legacy ERP systems. Infosys and Siemens Gamesa teams co-engineered and built a solution template that helped reduce redundancy across business processes and technology landscapes in record time. The solution is designed to enhance business efficiency across the value chain and reduce time-to-market. This transformation will enable real-time reporting, a digitally enabled workforce, reduced go-to-market time and is the core of Siemens Gamesa's next-generation applications landscape. Siemens Gamesa has further engaged Infosys for an industrialized rollout across 50+ countries, 22 manufacturing plants covering all business units (including onshore, offshore, services and corporate functions), leveraging Infosys Cobalt.

Alan Feeley, CIO of Siemens Gamesa, said, "Implementing a single S/4HANA system across all business units and regions is a core component of our company-wide strategy towards process efficiency, standardization and industrialization. These first go live steps across 7 countries, supporting all business types, have proven the value of the greenfield approach chosen, achieving a stable productive environment around Hybrid Azure cloud by Infosys. This single and global setup provides an almost Zero "change the standard" approach giving confidence towards sustainable cost management & upgrade proofing for the future. Infosys has demonstrated admirable 'staying power' and has delivered a solid product whilst fulfilling our expectations of being a partner in full."

Jasmeet Singh, EVP and Global Manufacturing Head, Infosys, said, "An efficient ERP system is critical for business continuity, especially today. Our strategic partnership with Siemens Gamesa will take their digital transformation journey to its next phase as we work towards delivering innovation via business process harmonization and technology leadership, leveraging Infosys Cobalt. We believe, this collaboration will enable SGRE to achieve stronger market positioning in the post-pandemic world."

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2020. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

KCS Presents SAHAYAK for SAP - a Global Shared SAP Support Service for Small and Midsize Businesses

KCS today announced the launch of SAHAYAK for SAP – its new focused offering for small and midsize companies, across the globe, to deliver best-in-class SAP Support at highly competitive prices. KCS recognizes the harsh challenges faced by smaller businesses and midsize companies in the current year and has come up with a special offering in the form of SAHAYAK, which means assistant, for SAP application management for both SAP ECC and SAP S/4HANA users. This will allow the customers to focus on managing and growing their business while the company ensures 24x7 availability of their SAP applications.
 
KCS is offering a fixed cost model for essential uptime maintenance and end user support services, plus a pay-as-you-go model for value-added projects – such as Fiori implementation, SAP benefit maximisation, enhancements, analytics, performance optimization, portfolio consolidation, process transformation, cloud adoption and more. While in the fixed scope, our focus is on problem prevention and resolution, the value-added scope is designed to drive innovation for adoption of digital and intelligent technologies.
 
Tanuj Singh, Chief Growth Officer, KCS, said of the initiative, “Shared services are a proven cost and quality optimisation strategy. We wish to give small and midsize customers access to our pool of SAP, IT and Industry experts so they can derive the maximum value from their SAP investment. KCS is committed to customer success and recently all we can think of is how do we help mitigate the cost incurred by businesses on maintaining their SAP landscapes and help small and midsize companies weather financial uncertainties.”
 
Commenting on the launch Vishal Shukla, CEO, KCS said, "Our team is dedicated to delivering world-class SAP solutions to our global top clients and helping them become Intelligent Enterprises. We provide outcome-based services in collaboration with our ecosystem, transforming our customer’s vision into something executable so they can deliver valuable experiences to their customers. We now bring this commitment to smaller businesses and midsize companies.”
 
For more information on how KCS can help companies in digital transformation journey leveraging SAP applications, please visit https://www.kcsitglobal.com/solution/sap
 
Please write to us at sap@kcsitglobal.com to know more.

Rimini Street Awarded Three Brazilian Public Sector Contracts to Support Oracle and SAP Enterprise Software Systems

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that it has been awarded three separate contracts to provide enterprise software support to agencies linked to the Legislative, Executive and Judiciary branches of the Brazilian government, specifically the Chamber of Deputies, the Superior Labor Court and APEX Brasil, an independent social service agency. The Brazilian government public procurement processes were put in place to ensure that public sector organizations work with providers in a manner that is transparent, efficient, ensures economy of scales and the best optimization of public resources.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201201005501/en/

 
Rimini Street Awarded Three Brazilian Public Sector Contracts to Support Oracle and SAP Enterprise Software Systems (Photo: Business Wire)

Rimini Street Awarded Three Brazilian Public Sector Contracts to Support Oracle and SAP Enterprise Software Systems (Photo: Business Wire)

Rimini Street Addresses Public Sector Demands for Cost Optimization

 

In 2019 the Ministry of Economy, which is responsible for planning the whole of Brazil’s budget, issued a mandate – Normative Instructions 01 and 02 – requiring all public sector organizations to carefully evaluate their IT costs in general, including technical support services and IT systems providers, to ensure the most attractive cost-benefit ratio. Those regulations were preceded by a decision from 2018 (Ruling 2,569/2018) issued by the Tribunal de Contas da União (TCU), which is responsible for overseeing and ensuring that public entities are spending their funds judiciously and on activities and items that have been earmarked specifically for these funds. That ruling had demonstrated that some commercial practices adopted by the major IT providers could cause losses to the public administration, guiding institutions to seek more advantageous alternatives that could favor competition.

 

The mandate also provides that the Brazilian federal public administration prioritize the improvement of services to its citizens, ensuring that investments made in the R$ 8 billion Information and Communication Technology (ICT) sector for these services benefit the wider public need. Technology has a fundamental role in the government/citizen relationship and therefore the resources directed to it need to be extremely well managed with transparency. 

Prior to Rimini Street’s launch in the Brazilian public sector market, no public bids for support for Oracle or SAP systems occurred as the only support options available were offered by the original software vendors and their partners. Today Rimini Street is on the official list of support providers, offering an alternative solution that can better meet the needs of Brazil’s public sector entities via a more competitive value proposition which helps organizations maximize their software investments, and provides a premium level enterprise support experience not generally offered by the original vendor.

Although Brazil is among the countries that spend the most on technology, this spend does not typically result in innovation capacity – Brazil ranks 66th in the Global Innovation Index among 129 countries, according to the World Intellectual Property Organization. And according to some industry analyst firms, many organizations spend approximately 90% on ongoing operations, or “keeping the lights on,” with only 10% left over to drive innovation initiatives. This funding model makes it increasingly challenging for CIOs to find additional budget for critical spending innovation that will help their business grow and gain competitive advantage. 

“More than ever before, Brazil needs to take a major leap in competitiveness with regard to its capacity for innovation. Optimizing IT resources, decreasing unnecessary IT spend and directing this money to invest in priorities is fundamental for public and private organizations to make their way through the current crisis and emerge stronger on the other side of this global pandemic,” said Edenize Maron, general manager, Latin America, Rimini Street. “These contracts in the Brazilian public sphere will allow us to deliver the same savings and efficiency benefits to the government sector that Rimini Street has been offering to more than 3,700 companies globally including more than 100 organizations in Brazil." 

About Rimini Street, Inc. 

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 3,700 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit https://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

 

Forward-Looking Statements

 

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 5, 2020, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

 

© 2020 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

 

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