European Commission launches antitrust probe into software giant SAP
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The European Commission launched an antitröst investigation into the German software circuit Hole On Thursday, he refers to concerns about the company’s applications in software support services.
According to the Commission, the investigation, “SAP’s in -house business operations used for the management, licensed by the SAP in an in -house software type for maintenance and support services for the after -sales competition has distorted the competition,” the assessment.
SAP said in a statement on Thursday that his policies and actions believe that he fully complies with EU competition rules.
“However, we take the problems that occur seriously and work closely with the EU Commission to solve them.” He said. “We do not expect the relationship with the European Commission in order to result in material effects on our financial performance.”
SAP is one of the most valuable companies in Europe with a market value of approximately 282 billion euros (331 billion dollars).
The shares of the company fell on Thursday and lost 1.4% in London (6:48 et) until 11:14.
The EU probe is related to Enterprise welding planning or a SAP software part called ERP.
ERP is widely used by large companies to manage daily finance and accounting needs. SAP is an important player in space – but not alone. Company compete with the likes Microsoft And ProphecyOffering its own ERP products.
In particular, the European Commission said that this handled the “internal” version of SAP ERP. Unlike the cloud in which it can be accessed remotely through SAP data centers, it refers to the software hosted on a company’s own servers.
Most of SAP’s work still comes from internal IT services. However, the company has been trying to shift more of its focus to the cloud for years – especially because it faces competition from technology giants like Microsoft Amazondominating the market for public cloud services.
