Support for SAP's Strategy, Bay Area Footprint, Future
Growth
SAN
FRANCISCO, April 27, 2023 /PRNewswire/ -- SAP SE
(NYSE: SAP) today announced the opening of a new office at 135
Townsend Street in the SoMa neighborhood of San Francisco. The location was strategically
chosen to keep SAP at the heart of the technological advancement
and growth happening in the city. Following a design based on
extensive employee feedback, the office will help create new work
experiences for SAP employees and allow closer collaboration with
customers and partners.
"San Francisco is the capital
of the tech industry and one of the top global markets for talent,"
said Yaad Oren; managing director of SAP Labs US and head of SAP
Innovation Center Network, SAP. "With more than 50% of the world's
venture capital funding deployed here, it is a vital region. SAP is
doubling down on our commitment to this epicenter of innovation
with our newest office and this next-generation approach to
work."
Building the Workplace of Tomorrow
SAP worked with design firm Spaces Of to create a
30,000-square-foot flexible office of the future. While more than
3,500 San Francisco Bay Area
employees can use it, about 500 employees will use the location as
their main office. Along with San
Ramon and Palo Alto, this
location gives SAP a footprint in every important corner of Silicon
Valley.
The new office location was designed to accommodate a hybrid
style of working. The space contains communal meeting areas,
flexible workspaces and designated floors for focused or
collaborative work throughout. The intuitive design is adaptable
and can be easily updated to meet employee needs. Employees can
leverage the amenities of all SAP offices in the region – their
assigned office for on-site team days and regional outposts for
self-directed collaborations or individual work.
Driving Innovation for SAP
SAP has been revolutionizing enterprise software for more than 50
years. The launch of this new hub helps to ensure that legacy
continues through SAP Labs US. SAP Labs Network contains all of
SAP's core research and development entities, which are dedicated
to building intelligent enterprises and inventing sustainable
technologies to support them.
This San Francisco location
will support the continued growth of SAP Lab US's investment and
influence as it forges close relationships with both early-stage
disruptors and key technology partners through the SAP.iO
program.
"Our goal is to transform the disruptions of today into the
lasting technology solutions of tomorrow," Oren said. "We are
building products that matter and have a clear and tangible impact
on our customers' transformations and on SAP's bottom line. We're
helping deliver the promise of an intelligent, sustainable
enterprise with our customers by nourishing relationships with the
top technology firms associated with Silicon Valley."
Visit the SAP News Center. Follow SAP on Twitter at
@SAPNews.
About SAP
SAP's strategy is to help every business run as an intelligent,
sustainable enterprise. As a market leader in enterprise
application software, we help companies of all sizes and in all
industries run at their best: SAP customers generate 87% of total
global commerce. Our machine learning, Internet of Things (IoT),
and advanced analytics technologies help turn customers' businesses
into intelligent enterprises. SAP helps give people and
organizations deep business insight and fosters collaboration that
helps them stay ahead of their competition. We simplify technology
for companies so they can consume our software the way they want –
without disruption. Our end-to-end suite of applications and
services enables business and public customers across 25 industries
globally to operate profitably, adapt continuously, and make a
difference. With a global network of customers, partners,
employees, and thought leaders, SAP helps the world run better and
improve people's lives. For more information, visit
www.sap.com.
This document contains forward-looking statements, which are
predictions, projections, or other statements about future events.
These statements are based on current expectations, forecasts, and
assumptions that are subject to risks and uncertainties that could
cause actual results and outcomes to materially differ. Additional
information regarding these risks and uncertainties may be found in
our filings with the Securities and Exchange Commission, including
but not limited to the risk factors section of SAP's 2022 Annual
Report on Form 20-F.
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