SAP SE Extends Ties With Fujitsu To Improve ERP Solutions
Zacks Investment Research | Jun 04, 2017 09:56PM ET
SAP SE (DE:SAPG) (NYSE:SAP) recently announced that it has extended ties with Japan-based information and technology behemoth, Fujitsu Limited, to launch advanced enterprise resource-planning (“ERP”) solutions based on artificial intelligence (“AI”) and the Internet of Things (IoT).
The technology behemoths remain optimistic that their combined strength will help them roll out innovative services first in the manufacturing space and foray into other industries thereafter. SAP believes its cutting-edge software, when combined with Fujitsu’s profound industry-specific expertise, will enhance its ERP solution portfolio over the long term.
The two companies have plans to co-develop industry-vertical-oriented cloud services, which will be eventually delivered by Fujitsu. SAP and Fujitsu have decided to launch their offerings first in Asia, beginning with Japan, before venturing to European and North American markets. SAP and its partner believe that these offerings will accelerate the pace of digital transformations of their clients.
In this deal, while SAP brings its innovative solutions — including S/4HANA & SAP Leonardo IoT platforms — to the table, Fujitsu will offer its proprietary cloud services that have earned a solid reputation among multiple industries. The newly developed services will run on Fujitsu Cloud Service K5, SAP Cloud Platform and SAP HANA Enterprise Cloud.
Of late, SAP has been making concerted efforts to create a suite of powerful next-generation and leading-edge cloud enterprise ERP solutions through complimentary partnerships. Last year, it inked a partnership with Accenture plc (NYSE:ACN) to accelerate the core development and go-to-market capabilities of cloud-powered SAP S/4HANA. The enterprise application-software provider follows an open ecosystem strategy, which enables it to better leverage its innovation capacity by extending it to partners as well.
Long-Term Drivers
The stock has soared on the bourse over the last six months, returning 30.6% and eclipsing the Zacks categorized Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.