Indra Becomes SAP® Global Services Partner

MADRID, May 18, 2011 /PRNewswire/ -- Indra, the premier IT company in Spain and a leading IT multinational company in Europe, announced today a new partnership agreement with SAP AG (NYSE: SAP). As an SAP® global services partner, Indra will promote the implementation of Indra solutions integrated with SAP applications to customers in emerging markets across the globe. The agreement was signed by Indra's Executive Vice President, Santiago Roura, and SAP's CEO, Bill McDermott, at the SAPPHIRE® NOW conference, being held in Orlando, Florida.

Through this new partnership, Indra joins a select group of less than 30 global services providers with multinational SAP consulting capabilities that span multiple industries. Indra is the only Spanish firm to become an SAP global services partner.

"With this significant agreement, we can cooperate more closely with SAP, leveraging the strengths of both firms to conceive and carry out global strategies for customers in emerging markets around the world," said Roura. "Implementation of integrated solutions from Indra and SAP can help customers transform their business processes."

SAP services partners help SAP customers design, implement and integrate SAP solutions; optimize business processes; and provide strategic business consultation. As an SAP global services partner, Indra will take an active part in the support, customization and deployment of SAP solutions. Through this agreement, Indra and SAP will cooperate more closely to address the needs of strategic markets and industries.

SAP will benefit from Indra's experience in the management of projects for emerging countries, as well as its active presence in Latin America, where Indra currently employs over 7,000 professionals and has offices in almost all countries in the region. The Spanish multinational will also provide support through its Software Lab network, where cutting-edge technologies and architectures are developed, and its advanced solutions for the energy, healthcare and transportation segments will also be integrated with SAP solutions. The Software Lab network comprises 20 specialized centers distributed all over the world.

"Indra is not only a leading IT company, it is also an SAP customer," said Jose Duarte, President of Global Services, SAP. "Indra has a strong record of success in implementing SAP solutions for the most demanding customers. We welcome Indra as an SAP global services partner and look forward to working together to expand the reach of SAP solutions to customers in emerging markets around the world."

New implementation model

To support its new role as an SAP global services partner, Indra is planning to roll out a new model to support solution implementation. This will be based on the outsourcing of 24x7 services from Indra's Software Labs network, managed by Indra's Centers of Excellence, maximizing the knowledge acquired in similar projects around the globe.

This agreement reaffirms the close relationship Indra has had with SAP since 1992, through which it has delivered important and highly innovative projects. Examples include the delivery of solutions for tax revenue management, healthcare, education, banking and supply systems. In addition, Indra is an SAP customer and is about to complete the modernization of its corporate systems with SAP solutions, helping to make Indra a "Best-Run Business".

About Indra

Indra is the premier Information Technology company in Spain and a leading IT multinational in Europe and Latin America. It is ranked as the second European company in its sector according to investment in R&D with nearly $710 M during the last three years. In 2010 revenues reached $3.64 B of which 40% came from the international market. The company employs more than 31,000 professionals and has clients in more than 110 countries.

SAP, SAPPHIRE and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.

All other product and service names mentioned are the trademarks of their respective companies.

SAP Forward-looking Statement

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.

SOURCE Indra

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