You've heard of e-business. The new company will operate globally with headquarters in Palo Alto, California, and is expected to open for business in May 2000. While e-market places offer the promise of huge cost savings and return on investment, they also present significant challenges.
Integration is among the biggest challenges.
SAPMarkets will be responsible for all existing and new vertical and horizontal market places. The new company will leverage the global SAP eco-system of partners and consultants as well as the global SAP sales force and will cooperate with other marketplace providers. SAP AG will retain majority control of SAPMarkets. Initially, SAP will invest up to EUR 500 million into the new company. SAP Indian Rayon pockets Madura Garments A V Birla group's Indian Rayon has bagged the apparels division of Madura Coats in a Rs 236.23 crore deal.