BOSTON (06/14/2000) - At the start of its Sapphire user conference in Las Vegas Wednesday, SAP AG announced two major deals - a contract to implement its MySAP.com software for 230,000 end users at Nestle SA and an agreement to invest US$250 million in Commerce One Inc. and resell that company's online marketplace software.
SAP said the deal with Nestle is the largest software contract it has ever signed. The German vendor's MySAP.com applications - covering a full range of business tasks from marketing to manufacturing and supply-chain management - will be installed at more than 500 Nestle facilities worldwide. Nestle employees will be able to access the applications on the company's intranet and the Internet via SAP's end-user portal software.
Meanwhile, SAP said it will buy $250 million worth of Commerce One's stock over the next three years as part of a reseller and joint development deal signed by the two companies.
SAP plans to resell Commerce One's MarketSite Portal software along with MySAP.com, and the companies plan to work together to develop a set of XML-based online procurement applications. Until now, SAP has been trying to sell its own business-to-business procurement and online marketplace software, but the deal with Commerce One had been rumored for several weeks.