Software giant SAP is staking the success of plans to almost double revenue by 2015 on its software-as-a-service ERP platform, Business ByDesign.
SAP co-chairman Jim Hagemann Snabe says that the company has plans to almost double revenue by 2015. Photo credit: Gregor Wolf
Speaking at the CeBIT technology conference in Germany, SAP co-chairman Jim Hagemann Snabe said SAP wanted to grow its annual revenue from €12.5bn (£10.7bn) today to €20bn in 2015, predicting that a "substantial" portion of that new money will be generated by Business ByDesign.
Snabe forecast double-digit growth for the service, which has more than 250 small and medium-sized businesses as customers. Users of Business ByDesign will soon be able to choose from a variety of apps tailored to the needs of specific departments or industries.
For more on this story, see SAP eyes Facebook and Apple for secrets of success on silicon.com.
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