SAP AG together with its subsidiaries (SAP) is engaged in developing and licensing business software solutions. SAP also sells support, consulting, training and other services associated with its software products. As of December 31, 2007, it had 46,100 customers in over 120 countries. SAP consisted of SAP AG and its network of 139 operating subsidiaries. The Company has three segments: product, consulting and training. The Company’s solutions serve the customers in six industry sectors: process, discrete, consumer, service, financial services and public services. SAP acquired Business Objects S.A in January 2008. During the year ended December 31, 2007, SAP acquired assets of Yasu Technologies Private Ltd., India and Arabian Company for Systems, Applications and Products in Data Processing Ltd., Jeddah, Kingdom of Saudi Arabia. SAP acquired MaXware AS, Lysaker (Norway) in May 2007. SAP acquired OutlookSoft Corp. in June 2007. SAP acquired Silk Europe N.V., Belgium in November 2007.
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