SAP SE has entered into final settlement agreements with the U.S. Department of Justice (DOJ), U.S. Securities & Exchange Commission (SEC), and South Africa’s National Prosecuting Authority (NPA). SAP welcomes the conclusion of these matters and will fully comply with the terms of the agreements.
As noted in the settlement agreements, SAP conducted a thorough and extensive investigation into historical misconduct and fully cooperated with the authorities.
SAP separated from all responsible parties more than five years ago and has since significantly enhanced its global compliance program and related internal controls. Our significant remediation efforts, combined with our full and proactive cooperation with the authorities, have led to full resolutions of these matters.
SAP has zero tolerance for those who do not adhere to the company’s compliance policies and procedures. SAP remains vigilant in maintaining the highest standards of ethics and compliance so that, together with a global network of customers, partners, suppliers, employees, and thought leaders, SAP can help the world run better and improve people’s lives.
Media Contacts:
Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT
Marcus Winkler, +49 (6227) 7-67497, marcus.winkler@sap.com, CET
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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