German software giant SAP is winding down development for its web-based Business By Design software, according to reports.
Business weekly Wirtschaftswoche said SAP would stop the development of the web-based software designed for SMBs, although existing customers will be able to continue to use it.
An SAP spokesman said on Saturday that development capacity for Business By Design was being reduced, but that the product was not being shut down.
SAP, one of the world's biggest makers of business management software, originally projected that Business by Design - which was launched in 2010 - would reach 10,000 customers and generate $1 billion of revenue.
The product which cost roughly 3 billion to develop, currently has only 785 customers and is expected to generate no more than 23 million euros in sales this year, according to the magazine.
By comparison, in the second quarter, SAP's software and software-related service revenue stood at 3.35 billion.
SAP started working on Business by Design in 2003 to diversify sales beyond its traditional market of large corporations and government agencies, trying to compete with software sold by NetSuite, a company founded more than a decade ago by Oracle Chief Executive Larry Ellison.
The Wirtschaftswoche report said that ever since the SAP product's launch, customers had complained about technical issues and the slow speed of the software.
SAP declined to provide any specific comment on investment expenditures, sales figures or customer numbers of Business by Design.
-
Global cybersecurity spending is set to rise 12% in 2025 – here are the industries ramping up investmentNews Global cybersecurity spending is expected to surge this year, fueled by escalating state-sponsored threats and the rise of generative AI, according to new analysis from IDC.
-
Google Cloud is leaning on all its strengths to support enterprise AIAnalysis Google Cloud made a big statement at its annual conference last week, staking its claim as the go-to provider for enterprise AI adoption.
-
Digital immaturity is holding back growth in the UKNews Research from SAP shows a lack of digital maturity is holding back enterprise digital transformation goals.
-
SAP has found a way to bring us all on the digital transformation journeyAnalysis From Joule to WalkMe, Sapphire 2024 was all about how generative AI can make everyone’s job that little bit easier – and this is just the start
-
SAP just appointed its first chief AI officerNews The company veteran will lead a new SAP business unit dedicated to the growth and progression of its AI offering
-
SAP treads a fine line with restructuring plans amid generative AI pushAnalysis SAP said it plans to integrate generative AI tools heavily within operations, but has been keen to emphasize this won’t equate to mass job cuts
-
FDM Group strikes SAP partnership to train next generation of tech consultantsNews New collaboration aims to meet the growing demand for SAP expertise and bridge the wider digital skills gap
-
The Total Economic Impact™ of SAP finance transformation services with TruQuaWhitepaper Business benefits and cost savings enabled by accelerating the SAP central finance transformation
-
Avoiding cloud migration pitfalls for SAPWhitepaper Determining the best approach to SAP HANA
-
SAP appoints Ryan Poggi as managing director for UK and IrelandNews The company veteran replaces Michiel Verhoeven to lead the software firm’s business operations in the region
