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           27 January, 2021


    
Category:  Press » Software

 

SAP to Resell Nakisa's Talent Visualization Software

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2007-12-11 02:46:33     
SAP AG

Demonstrating an ongoing commitment to deliver customer value through strategic partnerships and co-innovation, SAP AG (NYSE: SAP) today announced a global reseller agreement and SAP NetWeaver(R) Fund investment in SAP partner Nakisa Inc. Together, the two companies have integrated Nakisa's organizational and talent management visualization capabilities to enhance and extend the SAP(R) ERP Human Capital Management (SAP ERP HCM) application. Under the agreement, SAP will resell Nakisa's market-leading visual workforce management solutions. SAP also announced that the SAP NetWeaver Fund has made an investment in Nakisa to support scaling to meet expected SAP customer needs for product and support.

Nakisa's Talent Visualization Application Enhances SAP ERP HCM

Available immediately and sold under the name SAP(R) Talent Visualization by Nakisa, the application complements and enhances the HCM and talent management functionality of SAP ERP with capabilities addressing succession planning and organizational management. Taking advantage of real-time connectivity through pre-delivered integration with SAP ERP HCM, organizations can view, update and analyze their talent inventory and availability of potential successors based on one organizational structure maintained in SAP ERP and accessed through Nakisa. In addition, users have the ability to model "what-if" scenarios at all levels to effectively align talent goals with business strategy.

"Together, SAP and Nakisa will deliver a comprehensive succession planning package to SAP customers in all segments," said Babak Varjavandi, CEO, Nakisa Inc. "Nakisa has a long-term relationship with SAP that has resulted in a solution that can seamlessly interoperate with SAP ERP HCM. Now customers will be able to license a comprehensive, fully integrated talent management software solution from a single source: SAP."

Talent management is a growing concern for today's companies. Building talent bench strength, identifying and managing successors for key positions, addressing needs arising from a maturing workforce and globalization make new technologies essential for global organizations to maintain a competitive edge. The integration of the Nakisa talent visualization suite of solutions into SAP ERP HCM will enable companies to build an effective talent management strategy that will help ensure an organization is better prepared for future talent needs.

SAP NetWeaver Fund Fosters Future Development

In addition to the reseller agreement, the SAP NetWeaver Fund has made a strategic investment in Nakisa to support scaling and production to meet customer demand. Created to fuel the development of innovative solutions built on the SAP NetWeaver technology platform, the SAP NetWeaver Fund made the investment in Nakisa to enable additional development and enhancements of the company's talent visualization products. Terms of the investment were not released.

"Delivering customer value through smart partnerships and co-innovation on solutions is the cornerstone of SAP's global strategy," said S. Singh Mecker, senior vice president, Global Ecosystem and Partner Group, SAP and co-manager of the SAP NetWeaver Fund. "The addition of Nakisa to the distinguished list of reseller partners and SAP NetWeaver Fund investment recipients demonstrates SAP's commitment to the ecosystem strategy, and we look forward to working with Nakisa to bring additional value to our customers."

About the SAP NetWeaver Fund

The SAP NetWeaver Fund was established in May 2006 and focuses on strategic investments in select companies that are committed to the SAP ecosystem and are building innovative solutions based on the SAP NetWeaver technology platform. Opening up the platform to encourage development and co-innovation has been a key driver for SAP in recent years, and the formation of the SAP NetWeaver Fund represents yet another investment in SAP's growing ecosystem. Financed out of SAP's corporate development funds, the $125 million SAP NetWeaver Fund complements the efforts of SAP's venture arm, SAP Ventures.

About Nakisa

Nakisa's goal is to help organizations make better decisions about how to manage their global talent and to optimize workforce performance. Nakisa provides organizations with the ability to get a 360-degree view into their human capital data, giving them the critical insight they need into their talent and organizations, to support their overall corporate objectives. Nakisa's 100% Web-based enterprise solutions are fully interoperable with the major ERP platforms and provides a single point of access to critical HR data for succession planning, organization charting and workforce modeling. Launched in 2001, Nakisa's solutions are strategically deployed across divisions or entire enterprises with leading customers from every industry sector including aerospace, pharmaceutical, financial services, transportation, energy, government and manufacturing.

About SAP

SAP is the world's leading provider of business software*. Today, more than 43,400 customers in more than 120 countries run SAP(R) applications-from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver(R) technology platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at http://www.sap.com)

(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.

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) 2007 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 customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:
Iris Eidling, +1 (650) 461-1558

Specialized in: Sap - Visualization Software
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