SAP AG announced a multi-year spending plan of more than $2 billion through 2015 to grow its business in China.
The company intends to deepen its investment in this key global market in order to further underscore its long-term strategic commitment to the world’s second-largest economy.
“We have successfully grown our business in China over the past 20 years and now want to scale our operations to fully meet the needs of both enterprises and our ecosystem,” said Bill McDermott, co-CEO, SAP AG. The executive added that SAP’s research labs in China “will continue to drive innovation for its Chinese customer base.”
‘We will also create more research and development facilities, hire thousands of people, train more experts and consultants and bring our world-class benchmarking methodology to China all aimed at helping drive sustainable growth through informatization,” he said