SAP GlobalFounded in 1972 and headquartered in Walldorf, Germany, SAP is the world's largest enterprise management and collaborative business solution provider, as well as the world’s third-largest ISV (independent software vendor). Currently, over 29,800 customers are operating more than 100,600 sets of SAP software across over 120 countries. Over 80% of Fortune 500 enterprises can benefit from SAP management solutions. SAP has branches in more than 50 countries and is listed on several exchanges, including the Frankfurt Stock Exchange and the New York Stock Exchange. SAP China Early in 1980s, SAP had cooperated with China’s SOEs (state-owned enterprises) and achieved successful experiences. In late 1994, SAP set up a representative office. In 1995, SAP China was founded. In 1996 and 1997, SAP successively established branch companies in Shanghai and Guangzhou. As the leader in China’s ERP market, SAP has gained a market share pf 30%, with the annual achievements reaching