SAP plans to spend more than 2 billion dlrs in China as it strengthens its commitment to one of the world's fastest growing major markets.
The German business software maker said in a press release that it wants to increase local r&d activities, hire and train more people and bring its own benchmarking technology to China.
"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," Bill McDermott, co-CEO of SAP, said in a press release.
SAP cited a broad range of investments it would be undertaking in coming years. These include:
- Further aligning SAP and the Sybase enterprise and mobile software group it acquired in 2010. SAP said its SAP Labs in China will be the primary innovation center for the development of local solutions
- Hiring about 2,000 people and opening as many as six new offices in China to boost market presence there
- Beefing up services and support functions to help meet growth objectives
- Creating an "ecosystem" of partnerships with a wide range of companies to grow more quickly