SAP ranked number one business intelligence vendor in revenue by leading industry analyst firm
WALLDORF, Germany, June 16, 2009 -- SAP AG (NYSE: SAP) today announced that research analyst firm IDC has ranked SAP, including the SAP® BusinessObjects™ BI solutions, the number one vendor for business intelligence (BI) tools with a 20.4 percent market share. The market analysis, titled "Worldwide Business Intelligence Tools 2008 Vendor Shares" (IDC # 218598) finds that SAP, in combination with the SAP BusinessObjects BI solutions, has demonstrated leading market share and highest share gain of any vendor, and reports that BI remains one of the top investment priorities for companies globally.
The report also highlights that SAP's market share is approximately twice as large as its nearest competitor. In addition, SAP's overall market growth during 2008 was 17.8 percent, almost double that of overall market growth.
"2008 marked the first year of combined BI tools revenue for SAP and Business Objects. Yet the growth rate shown for SAP in this study represent organic growth because IDC methodology backstreams revenue of acquired companies," said Dan Vesset, vice president of Business Analytics Research, IDC. "In 2008, the company's SAP BusinessObjects portfolio benefited from the vastly enlarged sales force that was able to sell BI tools to SAP's applications customers. We continue to see strong opportunities for companies to move along the path toward pervasive BI by spreading the use of query, reporting, and analysis technology to more users. With the combined BI offerings, SAP is well positioned to fulfill the future needs of BI technology purchasers."
In the past year, SAP launched SAP® BusinessObjects Explorer™ software, which revolutionized BI. The new solution brings together search and data navigation capabilities from the SAP BusinessObjects portfolio with SAP NetWeaver® Business Warehouse Accelerator software, enabling any user to navigate mountains of business data quickly and easily. The company also made significant updates to SAP® BusinessObjects™ BI OnDemand solutions, the BI portfolio for SME customers and SAP® BusinessObjects™ XI, the intelligence platform.
For more information on SAP BusinessObjects BI solutions, please visit http://www.sap.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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