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Posts Tagged ‘Bill McDermott’

SAP attempts a comeback: Short-term memory gain

May 13th, 2010 | No Comments

Will a takeover and new technology revive the German software giant?

WHEN Bill McDermott and Jim Hageman Snabe jointly took the helm at SAP in February they promised to be much “bolder”. The troubled German software giant would move faster to acquire other companies, and new products would be introduced more quickly. “We’re off to a very fast start,” the pair said in unison.

This was not idle chatter. On May 12th SAP announced that it would buy Sybase, a vendor of database software, in a deal worth $5.8 billion—the second-biggest purchase in the company’s history. Next week, at the firm’s annual customer conference, to be held simultaneously in Frankfurt and Orlando, it will introduce new technology, loosely called “in-memory”, that is intended to re-install SAP as an industry leader. …

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SAP Reports Robust Q1 ERP Software Sales, Profit Growth

April 29th, 2010 | No Comments

SAP reported double digit sales and operating profit growth in the companys 2010 first quarter as it sees signs that the start of a global economic recovery is encouraging many companies to start investing in SAP’s Enterprise Resource Planning applications. Bill McDermott, SAP co-CEO, said sales volume should remain strong in the second quarter and through the rest of the year.
–

Since SAP
named Bill McDermott and Jim Hagermann Snabe co-CEOs in February, industry
analysts and media have been speculating whether the new management regime would be able to
reverse the sales and profit slowdown that had deviled the enterprise software company in 2009.

The …


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SAP to Shun Growth Through Acquisition Strategy

March 16th, 2010 | No Comments

SAP’s recently appointed co-CEOs say they are focusing on technological innovation as a way to get the company back on a path to revenue and profit growth, and they have no plans to try to imitate archrival Oracle by launching an expensive corporate buyout campaign. One major goal is to get updated versions of SAP’s Business ByDesign software-as-a-service suite into more customers’ hands on schedule.
– SAP
has no intention of getting into a merger-and-acquisition war with archrival Oracle
as a way of increasing revenue or expanding the company, SAP’s
new co-CEOs said on March 15.
In
their first meeting with the West Coast technology media, the two recently
appointed co-CEOs, Bill McDermott …


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SAP CEO Apotheker Resigns in Wake of Poor 2009 Earnings Report

February 7th, 2010 | No Comments

SAP CEO Leo Apotheker resigned on Feb. 7 after he and the SAP supervisory board reached a mutual agreement not to extend Apothekers contract as a member of the SAP executive board. SAP named Bill McDermott, head of SAPs field organization, and Jim Hagermann Snabe, head of product development, as co-CEOs replacing Apotheker as sole CEO.
– SAP CEO
Leo Apotheker has resigned after he and the SAP
supervisory board “reached a mutual agreement” not to extend Apothekers
contract as a member of the SAP executive
board, the Germany-based software and services company announced on Feb. 7.
With his resignation, the SAP executive board
a…


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