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From the News Desk
Friday, 20. June 2008
SAP Acquires Long Time Friend Visiprise
SAP AG has made its intensions clear to acquire Visiprise, a privately-held provider of manufacturing execution software solutions delivering integrated manufacturing operations to companies of all sizes.
According to SAP, with the addition of Visiprise, SAP will deliver on its “Perfect Plant” strategy to bring together core SAP solutions with the software, hardware and services offerings of ecosystem partners to drive innovation for discrete manufacturers. The acquisition of Visiprise is consistent with SAP’s strategy to complement existing applications and solutions with smart purchases that offer innovative technologies and capabilities while maintaining its successful organic growth track record.
SAP and Visiprise have a long and proven history of partnership as part of SAP’s “Perfect Plant” initiative and related ecosystem dating back to 2005. In November 2006, Visiprise received an investment from the global SAP NetWeaver Fund. Soon after, in January 2007, Visiprise’s flagship solution, Visiprise Manufacturing, was named an SAP-endorsed business solution. In February 2007, the Visiprise ERP Shop Floor Integration 1.0 packaged composite application achieved “SAP xApps Certified – Powered by SAP NetWeaver” status.
SAP anticipates that the acquisition will be completed in July 2008 pending necessary regulatory approvals in the United States and Europe. Visiprise employs approximately 300 employees and has additional offices in Carlsbad, California and Kiev, Ukraine.
Terms of the acquisition were not disclosed yet.
According to SAP, with the addition of Visiprise, SAP will deliver on its “Perfect Plant” strategy to bring together core SAP solutions with the software, hardware and services offerings of ecosystem partners to drive innovation for discrete manufacturers. The acquisition of Visiprise is consistent with SAP’s strategy to complement existing applications and solutions with smart purchases that offer innovative technologies and capabilities while maintaining its successful organic growth track record.
SAP and Visiprise have a long and proven history of partnership as part of SAP’s “Perfect Plant” initiative and related ecosystem dating back to 2005. In November 2006, Visiprise received an investment from the global SAP NetWeaver Fund. Soon after, in January 2007, Visiprise’s flagship solution, Visiprise Manufacturing, was named an SAP-endorsed business solution. In February 2007, the Visiprise ERP Shop Floor Integration 1.0 packaged composite application achieved “SAP xApps Certified – Powered by SAP NetWeaver” status.
SAP anticipates that the acquisition will be completed in July 2008 pending necessary regulatory approvals in the United States and Europe. Visiprise employs approximately 300 employees and has additional offices in Carlsbad, California and Kiev, Ukraine.
Terms of the acquisition were not disclosed yet.
