Latest news with #ThomasSaueressig
Time of India
5 days ago
- Business
- Time of India
SAP labs India unveils 2nd Bengaluru campus with €194M investment
SAP Labs India today announced the inauguration of its new state-of-the-art campus in Bengaluru, marking a significant milestone in its commitment to India as a strategic innovation powerhouse. With a total planned capacity of 15,000 professionals and a total investment of €194 million across all phases, the campus is one of SAP 's largest globally. Strategically located near the Bengaluru International Airport, SAP Labs India Innovation Park further solidifies India's critical role in SAP's global R&D and innovation ecosystem. The campus was inaugurated by Shri Siddaramaiah, Hon. Chief Minister of Karnataka, inaugurates the campus in the presence of Shri Ashwini Vaishnav, Minister for Railways; Information & Broadcasting; Electronics & Information Technology, Government of India, Shri Priyank Kharge, Hon. State IT Minister, Karnataka, Thomas Saueressig , Executive Board Member, SAP SE and Sindhu Gangadharan , Managing Director, SAP Labs India, and H.E. Dr Philipp Ackermann, German Ambassador to India. 'India's rise as a global technology powerhouse is not just a story of scale—it's a story of ingenuity, resilience, and relentless innovation,' said Sindhu Gangadharan, Managing Director, SAP Labs India and Head of Customer Innovation Services, SAP. 'Over the last 27 years, SAP has had the privilege of being part of this extraordinary journey—witnessing firsthand how India's talent has redefined what's possible in enterprise technology. The launch of this campus marks a new chapter in that shared story. It is a testament to our continued belief in India's potential to lead the world in breakthrough innovation, built on the foundation of trust, purpose, and progress. Designed to house 15,000 future-focused professionals, this campus is where customer-centric innovation meets employee well-being, where sustainability meets scale, and where SAP's commitment to India's growth story deepens—not just for today, but for decades to come.' 'This campus is a strategic asset in SAP's global portfolio, enabling us to lead with innovation, and purpose,' said Thomas Saueressig, Member of the Executive Board of SAP SE for Customer Services and Delivery. 'It is a global innovation hub that will help our customers move from insight to action with enterprise-grade AI, data, and application created right here in India.' Siddaramaiah, Chief Minister of Karnataka on the launch said, 'India is rapidly emerging as a global technology powerhouse and is not just adopting innovation, but actively building it. SAP Labs India's new campus stands as a strong testimony to this momentum. It reflects the growing role of Karnataka and India as epicentres of tech talent and innovation for the world.' 'SAP Labs India Innovation Park in Bengaluru is a timely investment in India's growth story. It is anchored in Hon'ble PM Shri Narendra Modi Ji's vision of 'Viksit Bharat at 2047'. This campus reflects global confidence in India's talent and innovation ecosystem. It will further boost India's position as a trusted technology partner' said Shri Ashwini Vaishnaw Hon'ble Minister of Railways, Information & Broadcasting, and Electronics & IT, Government of India. A campus built for the future SAP Labs India's new Bengaluru campus features India's second SAP Experience Centre—an interactive space where customers can see enterprise solutions come to life in real-world scenarios. The campus is also home to an AI-powered, autonomous micro market developed in partnership with Compass Group. With a walk-in, walk-out setup and UPI-enabled payments, a seamless experience for employees while doubling as a live showcase of SAP's retail technology in action. The campus also integrates sustainability and accessibility across its design. It includes a 2.5-acre rainwater retention lake, solar-powered infrastructure, and smart waste management systems. More than 2,000 native trees contribute to a climate-conscious environment. Inclusive features such as tactile pathways, braille signage, ramps, auditory guidance, and gender-neutral restrooms ensure access for all. Spaces for wellness- sensory rooms, nap pods, lactation rooms, and a crèche make the campus a place where people can thrive. Strategic announcements To mark the occasion, SAP Labs India announced key academic partnerships: AI Career Accelerator Programme: As part of its continued commitment to digital skilling and inclusive growth, SAP announced an investment of EUR 100,000 to launch the AI Career Accelerator Programme in partnership with EduBridge. This will equip over 400 students from underserved communities with hands-on training for AI-enabled roles. With this investment, SAP deepens its mission to bridge India's skills gap and create career pathways for youth from all backgrounds. Gati Shakti Vishwavidyalaya (GSV): SAP will collaborate with GSV aiming to enhance academic and industry engagement through joint curriculum development, research, and professional collaboration activities. The MoU includes co-developing academic curricula, supporting executive programs, and facilitating real-world exposure for students and faculty. Indian Institute of Technology, Madras: In partnership with IIT Madras, SAP will work on AI-driven brain research using public data to predict health issues and recommend treatment options. The collaboration, led by IITM Brain Centre and SAP's enterprise tech experts, aims to advance digital healthcare innovation focusing on Data Flywheel in HealthTech. Technical University of Munich (TUM): SAP and the Technical University of Munich (TUM) intend to deepen their long-standing collaboration by extending it to SAP Labs India. Building on a successful partnership with SAP Labs Germany since 2019, this expansion reinforces both institutions' commitment to advancing applied research in breakthrough technologies. The focus areas for this next phase include: Quantum Computing: With a focus on optimization capabilities, driving efficiency and Flywheel Unleashed: Targeting advancements in the HealthTech domain, leveraging data to enhance health AI: Integrating real and artificial intelligence to create smarter, more responsive systems. In future, subject to obtaining all applicable regulatory, government and local body approvals, TUM intends to have an office at SAP Labs India Innovation Park, Bangalore, which will act as a research hub, facilitating close collaboration between academic and industry experts to accelerate innovation. India: SAP's innovation engine With over 17,300 employees, India currently represents one of the largest employee bases for SAP outside its headquarters in Waldorf, Germany. Besides Bengaluru, SAP also has offices in Gurugram, Hyderabad, Mumbai, and Pune. SAP Labs India's Whitefield campus will continue to be a strategic location. India continues to be one of SAP's most critical innovation hubs. With a strong presence across Product Engineering, Services, and Customer Services, India is central to SAP's global strategy. With the launch of the new campus, SAP marks a defining milestone in its journey in India—one that blends purpose-driven innovation with sustainable growth.
Yahoo
5 days ago
- Business
- Yahoo
SAP Labs opens new Devanahalli campus in Bengaluru, India
SAP Labs India, a part of the German software company SAP, has inaugurated its innovation park campus in Devanahalli, Bengaluru. The new facility, part of a phased development, represents a total investment of around $224m. It has a maximum planned capacity of 15,000. Phase two of the project has been approved and is slated for completion by the third quarter of 2028. Spanning around 17ha, the new campus is almost twice the size of SAP's existing Whitefield site in the city. Presently, it houses over 3,200 employees with plans to increase that number to 4,500 over the next few months. SAP's innovation park will function as a premier hub for artificial intelligence (AI) innovation, research, and development in the Asia-Pacific region. It will facilitate global AI roles in product engineering, customer service, and delivery. Additionally, it features AI laboratories, hybrid collaboration areas, startup incubation centres, hackathon spaces, and a customer experience centre. Thomas Saueressig, a member of the executive board of SAP SE for Customer Services and Delivery, emphasised that India is a strategically important market, hence justifying the large-scale investment. 'The approval of future phases underscores our commitment to significant annual hiring. Together, our two campuses can accommodate up to 30,000 employees,' he added. Sindhu Gangadharan, managing director of SAP Labs India, praised the abundance of talent available in India. 'On average, over the last few years, we have hired anywhere between 1,500 to 2,000. And so, we intend to bring those amazing talents to work on the innovations at SAP, so we will continue hiring,' he added. SAP also announced training and academic collaborations alongside the campus launch. It will invest $115,597 through a partnership with EduBridge to train over 400 underserved youth in AI-related roles. Furthermore, it has collaborated with the Indian Institute of Technology Madras to focus on AI-based brain research. The project plans to use public data for early diagnosis and treatment predictions. With over 17,300 employees, India is one of the largest employee bases for SAP outside Germany. Besides Bengaluru, SAP also has offices in Gurugram, Hyderabad, Mumbai, and Pune. "SAP Labs opens new Devanahalli campus in Bengaluru, India" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
EY unveils new finance managed services
Accounting giant EY has launched Integrated Finance Managed Services, a solution designed to expedite enterprise transformation by leveraging SAP S/4HANA Cloud. The service is designed to streamline functions across treasury and tax, human resources, payroll and finance operations, among others. EY's new service integrates SAP S/4HANA Cloud with the organisation's extensive expertise in finance operations and industry knowledge. The service is expected to support high-growth companies in creating value and building trust with stakeholders. EY said the partnership with SAP is reinforced by its recent entry into the SAP PartnerEdge programme as a managed services provider with a 'Run' focus. SAP Customer Services & Delivery executive board member Thomas Saueressig said: 'Through this collaboration with EY, we are excited to combine SAP's leading cloud suite, enriched with Business AI capabilities, and EY teams' deep domain and industry experience to help deliver better insights and drive better outcomes for customers.' The new solution by EY is founded on state-of-the-art data infrastructure and is bolstered by a network of alliances. The service is designed to aid rapid scalability, promote governance and insight for automation, and reduce the burden of technology investment. EY Growth and Innovation global managing partner Raj Sharma said: 'The world's most innovative companies with bold growth and transformation plans are often weighed down by non-core tasks, diverting valuable executive time and resources. 'Well-structured enterprise functions are critical to scaling and sustaining success, but without the right support, it can become a distraction from the strategic priorities that drive real value. The Integrated Finance Managed Services solution can provide companies with a new model, helping businesses operate more efficiently and enabling leaders to focus on what matters most.' In April 2025, Ernst & Young US appointed Martin Fiore as the Americas vice-chair of tax, effective 1 July. "EY unveils new finance managed services" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
EY unveils new finance managed services
Accounting giant EY has launched Integrated Finance Managed Services, a solution designed to expedite enterprise transformation by leveraging SAP S/4HANA Cloud. The service is designed to streamline functions across treasury and tax, human resources, payroll and finance operations, among others. EY's new service integrates SAP S/4HANA Cloud with the organisation's extensive expertise in finance operations and industry knowledge. The service is expected to support high-growth companies in creating value and building trust with stakeholders. EY said the partnership with SAP is reinforced by its recent entry into the SAP PartnerEdge programme as a managed services provider with a 'Run' focus. SAP Customer Services & Delivery executive board member Thomas Saueressig said: 'Through this collaboration with EY, we are excited to combine SAP's leading cloud suite, enriched with Business AI capabilities, and EY teams' deep domain and industry experience to help deliver better insights and drive better outcomes for customers.' The new solution by EY is founded on state-of-the-art data infrastructure and is bolstered by a network of alliances. The service is designed to aid rapid scalability, promote governance and insight for automation, and reduce the burden of technology investment. EY Growth and Innovation global managing partner Raj Sharma said: 'The world's most innovative companies with bold growth and transformation plans are often weighed down by non-core tasks, diverting valuable executive time and resources. 'Well-structured enterprise functions are critical to scaling and sustaining success, but without the right support, it can become a distraction from the strategic priorities that drive real value. The Integrated Finance Managed Services solution can provide companies with a new model, helping businesses operate more efficiently and enabling leaders to focus on what matters most.' In April 2025, Ernst & Young US appointed Martin Fiore as the Americas vice-chair of tax, effective 1 July. "EY unveils new finance managed services" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Techday NZ
08-05-2025
- Business
- Techday NZ
TCS & SAP join forces to boost cloud migration & AI uptake
Tata Consultancy Services has announced a collaboration with SAP to accelerate the migration of SAP customers to cloud environments and enhance the use of generative artificial intelligence across enterprises. The two companies, both long-term players in enterprise IT and business applications, outlined plans to support SAP customers as they move from on-premises systems to the cloud under the 'RISE with SAP' initiative. The collaboration aims to facilitate wide-scale business transformation, focusing on improved service management and end-user experiences. Building on more than twenty years of partnership, TCS and SAP will provide infrastructure and frameworks intended to make the cloud transition more straightforward for enterprises globally. This includes the establishment of a centralised ecosystem for customers utilising SAP platforms. V Rajanna, President, Technology, Software and Services at TCS, said, "Over the past two decades, TCS and SAP have consistently delivered industry-leading solutions, empowering global enterprises on their digital transformation journeys. As we embark on the next phase, we remain committed to creating sustainable value and fostering growth for our customers. Together, we will continue to transform end-user experiences and drive innovation across the enterprise landscape." TCS stated it will create an Innovation Council to support this effort, utilising its Agile Innovation Cloud framework to focus on areas such as the democratisation of artificial intelligence, advancements in generative AI, and the expansion of automation ecosystems. The council is designed to encourage innovation at scale for SAP customers. The collaboration also includes the use of the TCS Pace Port network, which spans twelve cities worldwide, to support joint ideation, development, and deployment of solutions. According to TCS, the Aim of the TCS Pace network is to foster systematic and scalable innovation for enterprise clients working with SAP technologies. Thomas Saueressig, Member of the Executive Board of SAP for Customer Services & Delivery, said, "Our collaboration with TCS continues to drive meaningful impact for customers by bringing together leading cloud solutions and proven delivery expertise. Together, we are helping organizations simplify their transformation journeys, accelerate cloud adoption, and harness the power of AI and data." Vikram Karakoti, Global Head, Enterprise Solutions at TCS, said, "TCS looks forward to building on its twenty-year partnership with SAP to launch an accelerated path to RISE with SAP adoption and E2E automation with GenAI. TCS enjoys a 360° relationship with SAP, and, together, we provide our clients with seamless and flexible digital cloud adoption, reinforcing operational resilience and efficiency. The new endeavor combines our agile, scalable methodologies with cutting-edge GenAI innovations to help global enterprises adapt, grow, and unlock new opportunities through technology." TCS has been SAP's partner for cloud migration and digital transformation projects since early in their relationship. The alliance has enabled global clients to use SAP enterprise cloud, business AI and analytics offerings for evolving operational and data-driven business needs. TCS reported consolidated revenues of more than USD $30 billion in the fiscal year ended March 2025. The company operates with a workforce of nearly 608,000 consultants and a network of 180 service delivery centres across 55 countries.
