SAP AG (SAP) to Open EUR 45M 'Labs' Location in Russia
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SAP AG (NYSE: SAP) reports it will open an SAP Labs location in Skolkovo, Russia. The new SAP Labs CIS (Commonwealth of Independent States) location will begin operations in 2012 and expects to have 70 employees by the end of the year; 250 employees are targeted by 2015.
The total value of SAP investments in SAP Labs CIS will be approximately EUR45 million by the year 2015.
The total value of SAP investments in SAP Labs CIS will be approximately EUR45 million by the year 2015.
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