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Softtek Acquires Systech Integrators, an SAP® Channel and Services Partner in the U.S.

Softtek, founder of the nearshore industry and leading global IT services provider dedicated to maximizing the value of applications, announces today that it has acquired Systech Integrators, Inc.®, an SAP channel and services partner global IT solutions provider. This acquisition will further strengthen Softtek’s SAP qualifications by adding capabilities for cloud, mobility solutions, and the SAP HANA® capabilities as well as cross-process and industry domain expertise to its solutions portfolio.

Systech, headquartered in San Jose, CA, has Centers of Excellence in the United States and India. With a 100 percent focus on SAP solutions, Systech’s consulting organization has a proven track record of delivering end-to-end services. The addition of Systech’s SAP solutions expertise and India delivery center enhances Softtek’s SAP capabilities through its existing network of global delivery centers (GDCs) in Mexico, Brazil, Argentina, Spain and China.

“We are thrilled about the new opportunities that lie ahead by joining Softtek,” said Sam Tyagi, CEO and Co-Founder of Systech. “The combined capabilities, experience and geographic scope will unequivocally provide new avenues to deliver SAP software-based innovations to the market.” Mr. Tyagi will now be the Managing Director of Softtek’s ERP practice for North America.

“The integration of Systech into the Softtek family is part of our ongoing strategic effort to help clients maximize the value of their investments in SAP solutions and create market-leading positions for themselves,” said Blanca Treviño, President and CEO of Softtek. “We have one of the strongest offerings for SAP solutions in the Americas, and now an even stronger Global Nearshore™ model.”

This announcement comes after Softtek’s recent acquisition of SCAi, announced in Q3 of 2012. Collectively, the newly acquired capabilities add to Softtek’s strong SAP practice of nearly 2,000 consultants and more than 800 implementations. Softtek’s SAP solutions account for nearly a third of the company’s global revenue. The company’s increasingly robust capabilities for SAP solutions include implementation, upgrade, cloud, analytics and application management services in North America, Latin America, Europe and Asia.

“SAP solutions empower more businesses to run efficiently and in real time than any other enterprise platform," said Robert Enslin, president of Global Customer Operations and member of Global Managing Board, SAP. “With our innovative solutions around SAP Business Suite powered by HANA, cloud and mobility, we are creating more possibilities for growth for our customers. To continuing delivering value to our customers while expanding on these cutting-edge innovations, we need a robust ecosystem of partners. With the acquisition of Systech, we expect Softtek to be an even stronger partner to deliver SAP software-enabled innovation and agility to our customers.”

Softtek's new ERP North American practice will operate under the name "Systech, a Softtek Company" for a limited period of time.

Find out more about Softtek’s practice for SAP solutions at Softtek.com/sap, follow @Softtek on Twitter, connect with Softtek on LinkedIn and read Softtek’s blog.

About Softtek:

Founded in 1982, Softtek is a global provider of process-driven IT services with more 30 offices in North America, Latin America, Europe and Asia. With nine Global Delivery Centers in Mexico, China, Brazil, Argentina, Spain and India, Softtek helps improve time-to-business-solution, lower costs of existing applications, deliver better engineered and tested applications, and produce predictable outcomes for top-tier corporations in over 20 countries. Through on-site, on-shore and its trademarked Global Nearshore™ service delivery models, Softtek teams with CIOs to constantly increase the business value of IT. Softtek is the creator and leader of the nearshore industry. Visit www.softtek.com, follow @Softtek, connect with Softtek on LinkedIn and read Softtek’s blog.

About Systech Integrators, Inc.®:

Systech Integrators, Inc. is a global IT solutions and services company. Systech offers end-to-end solutions and services in support of SAP applications, including implementation, business consulting, hosting (e.g., SaaS, cloud and traditional), application management services and qualified SAP Business All-in-One partner solutions. For more information, visit http://www.systechi.com/.

SAP 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.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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