SAP, a German multinational software company, was founded in 1972 by five former IBM employees. Originally named System Analysis Program Development (Systemanalyse Programmentwicklung), it was later shortened to SAP. SAP develops enterprise software to manage business operations and customer relations. Their primary offering is their enterprise resource planning (ERP) software, SAP S/4HANA. SAP serves clients across various industries, including consumer, discrete manufacturing, energy, financial services, and the public sector.
Christian Klein is the current CEO of SAP. Recent news includes SAP's Q4 and FY 2025 results, showcasing a 30% increase in total cloud backlog to $88 billion. SAP is also expanding its partnership with Cohere to launch sovereign AI solutions globally, starting in Canada. As of February 2026, SAP has a market capitalization of $247.82 billion, making it the 65th most valuable company in the world by market cap. SAP is recognized as a leader in enterprise applications and business AI, with over 50 years of experience. The company has over 109,000 employees and serves 98 of the 100 largest companies in the world.