SAP to Wind Down Operations of TomorrowNow

NEWTOWN SQUARE, Pa., July 21 /PRNewswire-FirstCall/ -- Today, SAP (NYSE: SAP) announced that it has chosen to wind down operations of TomorrowNow, a subsidiary it purchased in February 2005 that has provided third-party support for Oracle and other applications.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)

SAP is working directly with TomorrowNow's more than 225 current customers to help them return to support from Oracle for those customers on PeopleSoft, JDEdwards or Siebel applications or to smoothly transition to new support options.

"Our goal is to assist our customers in transitioning to a new support provider, including Oracle, without a disruption to their support during the wind-down process," said Mark White, executive chairman, TomorrowNow.

SAP intends to conclude the wind-down process prior to October 31, 2008.

For more information, please visit http://www.tnlawsuit.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.

Copyright (C) 2008 SAP AG. All rights reserved.

SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

     For more information, press only:
     Christoph Liedtke, +49 6227 7-50383, christoph.liedtke@sap.com, CET
     Andy Kendzie, +1 (202) 312-3919, andy.kendzie@sap.com, EDT
     Saswato Das, + 1 (212) 653 9571, saswato.das@sap.com, EDT
     Lindsey Held, +1 (650) 320-3524, Lindsey.held@sap.com, PDT
     For more information, financial community only:
     Stefan Gruber, +49 6227 7-44872, investor@sap.com, CET
     Martin Cohen, +1 (212) 653-9619, investor@sap.com, EDT

Web site: http://www.sap.com/




Review Article Be the first to review this article

SolidCAM - Learn More

Featured Video
Editorial
Jobs
Applications Programmer Analyst II for Southern Nevada Health District at Las Vegas, Nevada
Applications Programmer Analyst I for Southern Nevada Health District at Las Vegas, Nevada
Upcoming Events
Robotics Summit & Expo at Seaport World Trade Center 1 Seaport Lane Boston MA - Sep 24 - 25, 2020
DEVELOP 3D Live 2020 New Date November 3rd at Sheffield University ctagon and INOX Building, Durham Road Sheffield United Kingdom - Nov 3, 2020
Digital Twin 2020 - Now in November 2020 at Melbourne FL - Nov 4 - 5, 2020
Sensors Expo & Conference at McEnery Convention Center SAN JOSE CA - Nov 16 - 18, 2020
MasterCAM



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise