SAP Solutions to Support Group’s Strategic Growth Plans
DUBAI, United Arab Emirates — SAP (NYSE: SAP) today announced that Pragma Group has selected SAP solutions to streamline its diverse business interests and manage the company’s fast-track growth.Working with the group’s technology arm LS2, an end-to-end solutions provider and authorized partner of SAP, Pragma has begun implementing the SAP Business All-in-One solution, the Middle East baseline of the enterprise resource planning (ERP) solution that caters to small and medium sized enterprises (SMEs). The three-phase project has begun with a dedicated team at LS2 integrating the company’s core corporate functions under a centralized SAP platform, followed by the consolidation of the CRM systems of all companies operating under the group’s umbrella.
|Photo caption (from left to right): Ajith Nair, Vice-President Consulting & Services, LS2; Joe Tabet, Chairman of Pragma Group; Sergio Maccotta, Managing Director of SAP MENA.|
Looking beyond the group’s immediate needs, Pragma believes that SAP solutions are best suited to meet its strategic goals as it launches into Venture Capital, which will require the sophistication of SAP’s solutions to handle comprehensive project management and evaluation.“As Pragma enters an important period in the company’s development and expands into new verticals, SAP will provide us with a solid foundation to enhance our competitiveness and take us to the next level of growth,” said Mr. Joe Tabet, Chairman of Pragma Group. Leveraging key functionalities of ‘All-in-One’, a highly-skilled team of SAP-certified consultants at LS2 are taking the base product and offering cost-effective, industry-specific support across each business based on best practices and processes provided by SAP.
“SAP’s experience and expertise working with diversified groups has allowed us to develop solutions that are highly scalable and flexible, providing each vertical with a platform from which to gain efficiency and grow the entire business more profitably,” said Mr. Sergio Maccotta, Managing Director of SAP MENA. “As Pragma Group prepares for fast-track growth, SAP is delighted to support them with the right tools for business excellence.”Pragma Group International is a diversified lifestyle and management group, with focus on 4 verticals including Technology, Marketing & Media, Lifestyle, and Venture Capital.
SAP is the world’s leading provider of business software (*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” For more information, visit www.sap.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP`s future financial results are discussed more fully in SAP`s filings with the U.S. Securities and Exchange Commission (‘SEC’), including SAP`s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
To view video stories on diverse topics, visit www.sap-tv.com. From this newly launched site, you also can embed videos into your own Web pages, share video via email links and subscribe to RSS feeds from SAP TV. No registration is required. To preview and request broadcast-standard video digitally or by tape, log on to www.thenewsmarket.com/sap, where registration and video is free to the media.
About LS2 Corporation
LS2 Corporation Limited is a leading provider of end-to-end IT solutions in the region. With operations in Dubai, Abu Dhabi and Muscat and an annual turnover of over AED170 million, LS2 Corporation is one of the fastest growing IT companies in the region. LS2 provides Consulting, Infrastructure, Distribution and System Integration services to clients. In short span of time, LS2 has executed projects for clients from across industries in the region.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
Claire McPeak, +971 4 330 1777, firstname.lastname@example.org
Alana Ngoh, +971.50.810.0972, email@example.com