SAP AG, a German software developer, announced the establishment of its 100-percent affiliate SAP Slovensko, s.r.o. SAP Slovensko was entered into the Business Register on January 13, 1998, and its share assets amount to 40 million Sk. SAP has been active on the Slovak market since 1992.
In October 1993 it established a branch office in Bratislava, and has since installed over 50 R/2 and R/3 corporate computer systems, seizing a bigger-than-40 percent market share with the latter product. Currently, it has 47 large corporate customers in Slovakia, including Slovenský Plynárenský Priemysel, Volkswagen Bratislava, Slovak Railways, Chemolak Smolenice and SCP Ružomberok.
In 1997, its sales in Slovakia reached approximately 300 million Sk, up 88 percent from the previous year. In 1998, SAP Slovensko aims at a growth rate of 30-35 percent, which corresponds to the business plan of its mother company for growth in global sales. The Slovak affiliate sees its biggest short-term potential in "2000" computer solutions, tied closely to Slovak companies' realization of the importance of advance reparations. The company also sees potential customers in exporting firms that will need systems solutions for the transition to a single European currency, scheduled to be launched in 1999.
26. Feb 1998 at 0:00 | From press reports of TASR and SITA