Utopia Announces Extension of Global Reseller Agreement with SAP, Providing Data Synchronization Solution for Asset-Intensive Industries

MUNDELEIN, Ill., Oct. 30, 2017 /PRNewswire/ -- Utopia Global, Inc., a leading provider of enterprise data solutions and a long-time SAP partner, announced that as a part of its global reseller agreement with SAP (NYSE: SAP), SAP will resell Utopia's Enterprise Asset Management Workbench™ solution under the name SAP® Asset Information Workbench by Utopia.

This application, which is also premium qualified by SAP to run on SAP S/4HANA® 1610, addresses a long-standing challenge for asset-intensive industries: synchronization of structured data and unstructured content across multiple systems of record, including engineering, procurement, construction companies and vendors. SAP Asset Information Workbench, leveraging the SAP Master Data Governance application, provides an easy-to-use, intuitive visualization of digital content in a single, unified environment. This solution complements and expands the functionality available in SAP Master Data Governance, enterprise asset management (EAM) extension by Utopia. It also enables creation of complex, multi-object change requests for EAM master data objects. The solution supports standard add-on connectors to systems of record such as GIS, engineering design, reliability, content management and SAP ERP.

"SAP Asset Information Workbench is only the latest in a series of innovations that our customers have come to expect from Utopia," said Arvind Singh, CEO of Utopia Global, Inc. "Integration of structured and unstructured asset information from multiple sources and heterogeneous formats into a single unified environment is a significant breakthrough for the EAM industry. Our expertise in this space will allow us to help enterprises increase productivity and reduce cost."

"SAP Asset Information Workbench is a natural complement to SAP Asset Intelligence Network and SAP Master Data Governance, which help ensure the highest integrity of structured data and unstructured content in the digital core," said Hans Thalbauer, SVP, Digital Supply Chain and Internet of Things, SAP SE.

Benefits of the solution include:

• Accurate and complete asset master data, which is a cornerstone for safe and efficient operations in asset-intensive industries.
• Synchronization of comprehensive asset master data among multiple systems of record, which has an impact on reducing environmental, health and safety risks.
• Improved operational performance and regulatory compliance.

Projected savings include:

• Reduction in costs for information foundation creation by 10 to 20 percent with a magnitude of 1 to 3 percent of capital project costs.
• Increase of over 1 percent in plant availability.
• Reduction of returns of maintenance and repair operations (MRO) materials by up to 30 percent.
• Improvement of shop floor productivity by up to 50 percent.

For more information on SAP Asset Information Workbench, please visit: https://www.utopiainc.com/software-solutions/asset-information-workbench

About Utopia
Utopia Global, Inc. is a software and services company that is widely recognized as the industry leader in Enterprise Information Management. Our solutions range from data strategy to governance, migration and data quality. Utopia's "build, fix and sustain" approach helps ensure that clients get their data right and keep it right so that critical business decisions are based on accurate, trustworthy information. We are one of SAP's worldwide development partners for master data governance (MDG) which includes our software solution extensions, MDG for enterprise asset management (EAM) and MDG for retail & fashion management (RFM). Utopia MDG solutions also provide a critical step for enterprises planning to migrate structured and unstructured data to SAP S/4HANA. Our team consistently delivers successful implementation outcomes by leveraging industry domain expertise and extensive database structural knowledge. With 15 years of innovation breakthroughs, we firmly believe that "Perfect Data is Perfectly Possible".

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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 Utopia, Inc.

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