What is SAP software?

SAP AG (FWB:SAP, NYSE: SAP) is the largest European software enterprise, with headquarters in Walldorf, Germany. SAP was founded in 1972 as Systemanalyse und Programmentwicklung by five former IBM engineers in Mannheim, Germany. The acronym was later changed to stand for Systeme, Anwendungen und Produkte in der Datenverarbeitung ("Systems, Applications And Products in Data Processing") and since the 2005 annual general meeting the company's official name is just SAP AG. Henning Kagermann became the sole CEO of SAP in 2003