SAP to Accelerate Shift to Cloud Services With New Software Package
January 27 2021 - 10:29AM
Dow Jones News
By Hans-Joachim Koch
SAP SE is planning to significantly accelerate its path toward
becoming a cloud-based provider with a new software offering, the
company said.
The product, named "Rise with SAP", is meant to simplify the
transfer of core processes for corporate management to the cloud
via SAP's S/4Hana database technology.
The offering will begin affecting sales in the second half of
the year and then more so from 2022 onward, when greater
penetration is expected. With the new offering, SAP aims to have
existing customers who are already using the company's management
software move to the cloud, it said.
This strategy is a core element of the company's aim to achieve
the target of at least 22 billion euros ($26.76 billion) in cloud
revenue by 2025. In 2020, the figure was EUR8.1 billion, and the
outlook for the current year is EUR9.1 billion to EUR9.5 billion,
the company said.
Rise with SAP is meant to run on the SAP platform, and the
hardware--meaning data centers--are also included in the package,
according to the company.
Write to Hans-Joachim Koch at hans-joachim.koch@wsj.com
(END) Dow Jones Newswires
January 27, 2021 10:14 ET (15:14 GMT)
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