structural:scholar_edition
SAP SE is a German multinational software company based in Walldorf, Baden-Württemberg, Germany. It develops enterprise software to manage business operation and customer relations. The company is the world's leading enterprise resource planning (ERP) software vendor. Founded in 1972 as a private partnership named Systemanalyse und Programmentwicklung. SAP GbR became in 1981 fully Systeme, Anwendungen und Produkte in der Datenverarbeitung abbreviated SAP GmbH after a five-year transition period beginning in 1976. In 2005, it further restructured itself as SAP AG. Since 7 July 2014, its corporate structure is that of a pan-European societas Europaea (SE); as such, its former German corporate identity is now a subsidiary, SAP Deutschland SE & Co. KG. It has regional offices in 180 countries and over 111,961 employees. SAP is a component of the DAX and Euro Stoxx 50 stock market indices. The company is the largest non-American software company by revenue and the world's third-largest publicly traded software company by revenue. As of December 2023, SAP is the largest German company by market capitalization.