What is SAP?

SAP stands for German “Systeme, Anwendungen, Produkte der Dataenverarbeitung,” meaning “Systems, Applications, and Products in Data Processing”. SAP was founded in 1972 with its still existing headquarters in Walldorf, Germany. SAP is a multi billion dollar company and the global market leader in Business software. SAP employs around 50,000 employees worldwide, with more than 140,000 system installations in about 120 countries. More than 12 million people use SAP on a daily basis. And there are more than 20 industry-specific “Industry Solutions”, known commonly as “IS” (e.g. IS-Oil, IS-Retail, IS-Bank, etc.).