Newsbyte: SAP Positioned as a Leader in Magic Quadrant for International Retail Core Banking 2012

WALLDORF, Germany, Oct. 15, 2012 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced it has been positioned by Gartner Inc. in the leaders quadrant of the 2012 "Magic Quadrant for International Retail Core Banking" report¹. SAP is cited as a market leader for both its "ability to execute" and "completeness of vision."

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"This is huge achievement for SAP as we believe it confirms as the leaders in execution in retail core banking," said Simon Paris, global head of banking, SAP. "In the financial services space, SAP has demonstrated 60 percent growth in our last reported quarter, driven in large part by our ability to translate enterprise mobility, real-time analytics and cloud into proven, integrated packages that resonate with banks."

According to Gartner, market changes are producing "a highly competitive vendor landscape for core banking solution renewal — a market that emphasizes business agility as an overarching priority, but also closely scrutinizes the capacity of vendors to deliver over the long term."

The SAP® for Banking solution portfolio is a comprehensive offering for streamlining core processes and producing new innovations in transactional banking, payments, personalized offers, risk analysis and more. The solutions are the direct result of the company's more than 40 years of accumulated industry knowledge and a spirit of co-innovation where banks play a role shaping solutions to fit the realities of the modern-day banking institution.

For more information, visit the SAP Newsroom. Follow SAP on Twitter at @sapnews and @sapforbanking.

Media Contacts:
Birgit Dolny, +49 (6227) 7-61664, [email protected], CET
Anthony Suarez, Burson-Marsteller, +1 (212) 614-4331, [email protected], EDT

¹Gartner "Magic Quadrant for International Retail Core Banking" by Don Free, September 26, 2012.

About the Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

SOURCE SAP AG

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