Sita Corp Becomes Master Value-Added Reseller for SAP, Focusing Initially on Financial Services and Banking Industry Sita Corp to Deliver Added Value to Members of SAP Extended Business Program, Helping to Enhance Their Ability to Promote, Implement and Develop Solutions and Services for Customers

SOMERSET, N.J., June 6, 2013 /PRNewswire/ -- Sita Corp,  a global data, analytics and mobile communications firm, and SAP® channel partner, announced today that it has become a master value-added reseller (VAR) for SAP (NYSE: SAP) and member of the SAP Extended Business program. As a master VAR, Sita Corp can play a vital role in helping drive business volume for SAP by forming alliances with members of the SAP Extended Business program, and intends to do so initially in the financial services and banking industry. It plans to work closely with members of the SAP Extended Business program to help promote, implement or develop solutions for customers. Now as a master VAR, Sita Corp is expected to benefit from expanded business opportunities by collaborating with program members, and customers can benefit from the increased availability of skilled resources to address their needs.

"As an SAP partner for more than 20 years, Sita Corp has a deep understanding and extensive experience in the integration, implementation and management of SAP platforms and applications," said Sita Corp President & CEO Rom Reddy. "As specialists in big data, analytics, enterprise resource planning, and mobile ERP, Sita Corp continually strives to innovate through new solution development, strategic partnerships and a collaborative approach to every partner and customer relationship."

Sita Corp is actively engaged with its own partners as part of this program and is currently building, managing and developing its own network of members of the SAP Extended Business program. To become a master VAR in the SAP Extended Business Program, Sita Corp has met specific criteria, including the following:

  • Is an active SAP channel partner in the SAP PartnerEdge® program
  • Is developing and implementing an approved strategy and business plan to help support SAP's volume business model
  • Has dedicated resources in place to manage partner members of the SAP Extended Business program and demonstrated the ability to fulfill obligations on behalf of those members
  • Has an existing pipeline of members of the SAP Extended Business program, as well as current and ongoing recruitment of new members based on strategy agreed upon with SAP

"We welcome Sita Corp's participation in the SAP Extended Business program as a master VAR, which represents another step forward in SAP's ecosystem strategy," said Eric Stine, general manager, Financial Services, SAP America, Inc. "With the outstanding contributions Sita Corp has made as an SAP channel partner, we're confident that program members can benefit from increased access to SAP tools, resources and training that we expect to be provided by Sita Corp. This will help partner members to stay up-to-date on SAP software and technology, which is anticipated to enhance their ability to deliver innovative solutions and services to customers."

As a master VAR, Sita Corp plans to offer a program for financial services dedicated to bringing key business solutions to the industry. Working with members of the SAP Extended Business program, it intends to create its own ecosystem of creative and innovative partners offering a portfolio of effective solutions based on SAP technology.

About Sita Corp
Founded in 1993, Sita Corp is a leading global provider of business collaboration, providing enterprise data, analytics and mobile communications solutions to connect businesses, partners and consumers. Headquartered in Somerset, New Jersey, with offices around the world, Sita Corp assists medium-size to Fortune 500 public and private sector companies around the globe in achieving enterprise-wide efficiencies that cut costs, improve operations and increase profitability. Sita Corp delivers innovative software applications, solutions and key services built around connecting people faster to the information they need.

SAP, PartnerEdge 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 Sita Corp



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