SAP News

SAP to Fund Internal Collaboration Startup Ruum With €10 Million

WALLDORF SAP SE (NYSE: SAP) will invest an additional €10 million in Ruum by SAP to help the solution grow its business quickly.

Ruum is the simplest software-as-a-service (SaaS) solution that connects enterprise business processes with team productivity, enabling 1 billion SAP software users to connect business data with an intuitive, adaptable collaboration suite. Ruum integrates with the core SAP product portfolio as well as popular collaboration platforms, such as Microsoft Teams and Box Inc.

While most business-to-business (B2B) SaaS companies begin in the small and midsize business (SMB) market, Ruum has achieved early success in the enterprise segment. The €10 million investment from SAP will allow Ruum’s core team of 20 to continue to devote resources to its enterprise offering while moving into the global SMB market.

The project management software was initially developed by a team of SAP employees. It has already acquired more than 30,000 users from 2,000 companies; 200 nonprofits, which can use the software free of charge; and six blue-chip enterprise customers, including NIVEA parent company Beiersdorf AG. Ruum’s growth over the past two years has been totally organic with almost no marketing spending.

Martin Böhm, chief digital officer, Beiersdorf, said: “Ruum has changed the way my teams collaborate and get work done. They spend far more time adding value to the business and far less time on repetitive admin. It has increased team productivity by at least 30 percent, and this has a direct impact on our bottom line.”

“Ruum provides a lightweight collaboration layer across the SAP portfolio and allows users to put operational data into action,” said Max Wessel, chief innovation officer, SAP. “This has the potential to streamline messy workflows across the enterprise. It’s a great idea coming from a group of employees who’ve lived through the pain.”

Ruum is a portfolio company initiating from SAP.iO Venture Studio, the internal incubation program managed by the SAP.iO business unit.

More information is available in The NewsRuum blog. Visit the SAP News Center. Follow SAP on Twitter at @sapnews.

About SAP

As the cloud company powered by SAP HANA, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 437,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:
Benjamin Nickel, +49 331 97995-376, benjamin.nickel@sap.com, CET
Lesa Beber, +1 (650) 581 6165, lesa.beber@sap.com, PT
SAP News Center press room; press@sap.com

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2019 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.

Source: SAP ERP News

Most Popular

ERP business systems is Enterprise Resource software, Accounting and Manufacturing ERP Systems for midsize companies.

What is ERP Systems? What is Top rated ERP Systems, What is Business ERP Software?

Copyright © 2017 ERP business systems is Enterprise Resource software. Theme by MVP, powered by Wordpress.

To Top