SAP Enters Sports and Entertainment Business for Advanced Ticketing and Customer Relationship Management With Acquisition of Ticket-Web
Poster: SySAdmin
Posted on January 31, 2013 at 7:42:01 AM
SAP Enters Sports and Entertainment Business for Advanced Ticketing and Customer Relationship Management With Acquisition of Ticket-Web
WALLDORF, Germany, Jan. 31, 2013 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced plans to acquire Ticket-Web GmbH & Co. KG, a provider of ticketing solutions and niche customer relationship management software (CRM) for sports and entertainment promoters. The move paves the way for SAP to offer enhanced solutions to help promoters, venues and teams market events over the Internet and better support arena management.
(Logo: http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)
Flexible, easy-to-use and end-user-oriented dynamic ticketing is critical for all sports clubs, stadiums and entertainment franchises to win and retain customers. When combined with enterprise software solutions, including business intelligence (BI), enterprise resource planning (ERP), CRM and financials, an integrated ticketing solution can help promoters boost attendance, deepen customer engagement and optimize profitability by tailoring offers to individual customers and expanding their business. While Ticket-Web will build the basis for a new integrated sports solution from SAP, it can also be joined to other back-ends, just as SAP can also run with other ticketing systems depending on the customer's decision.
Based in Wildau, Germany, Ticket-Web is established in Europe with its main product, ENTREE-tickets, an online ticketing service. The company also has niche complementary solutions for customer financial process management and CRM.
One prospect of such an acquisition could be to create a ticketing solution that could leverage the high-speed SAP HANA® database technology as well as real-time business analytics, mobile tools and cloud solutions. By enhancing SAP® Business Suite software, the SAP Business ByDesign® solution and the SAP® Business One application with club and stadium management functionality, SAP could offer robust ERP solutions tailored specifically for a much smarter and faster management of sports and entertainment arenas.
In today's environment, tens of thousands of transactions such as ticket sales can be executed in hours, or even minutes. These could be from fans anywhere, using mobile devices. SAP envisions a scenario where the high-speed SAP HANA platform, combined with BI reporting tools, could give promoters insights -- in real time -- to better understand which marketing tactics worked and which did not, giving them far more speed and agility to refine offerings to better respond to consumer needs and improve sales.
"SAP is committed to delivering solutions in the world of sports and entertainment that enhance the fan experience, provide real-time insights to improve performance and help sport and event management organizations run like never before," said Bernd Leukert, executive vice president for Applications, SAP. "The addition of Ticket-Web combined with solutions like SAP HANA and SAP Mobile Platform will help us connect with sports and entertainment fans around the world."
"We are ecstatic about this new team of Ticket-Web and SAP," said Joerg Oehmichen, chief executive officer and founder of Ticket-Web. "Promoters of events both large and small will soon have the power and reach of SAP innovation at their fingertips. The result will be a much richer fan experience and the ability to get closer to their customers."
Ticket-Web employees will become part of SAP. The deal is expected to close during the second quarter of 2013.
For more information, visit the SAP Newsroom.
About Ticket-Web GmbH & Co. KG
Ticket-Web GmbH & Co. KG provides solutions for ticketing. The solution allows venues and event promoters of any size to ticket and market a full range of events on the Web.
About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 232,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit http://www.sap.com.
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.
© 2013 SAP AG. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.
Follow SAP on Twitter at @sapnews.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Andy Kendzie, +1 (202) 312-3919 andy.kendzie@sap.com, EST
Alicia Lenze, +49 (6227) 7-40445, alicia.lenze@sap.com, CET
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EST; press@sap.com
SOURCE SAP AG
Photo:http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO
http://photoarchive.ap.org/
SAP AG
Web Site: http://www.sap.com
WALLDORF, Germany, Jan. 31, 2013 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced plans to acquire Ticket-Web GmbH & Co. KG, a provider of ticketing solutions and niche customer relationship management software (CRM) for sports and entertainment promoters. The move paves the way for SAP to offer enhanced solutions to help promoters, venues and teams market events over the Internet and better support arena management.
(Logo: http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)
Flexible, easy-to-use and end-user-oriented dynamic ticketing is critical for all sports clubs, stadiums and entertainment franchises to win and retain customers. When combined with enterprise software solutions, including business intelligence (BI), enterprise resource planning (ERP), CRM and financials, an integrated ticketing solution can help promoters boost attendance, deepen customer engagement and optimize profitability by tailoring offers to individual customers and expanding their business. While Ticket-Web will build the basis for a new integrated sports solution from SAP, it can also be joined to other back-ends, just as SAP can also run with other ticketing systems depending on the customer's decision.
Based in Wildau, Germany, Ticket-Web is established in Europe with its main product, ENTREE-tickets, an online ticketing service. The company also has niche complementary solutions for customer financial process management and CRM.
One prospect of such an acquisition could be to create a ticketing solution that could leverage the high-speed SAP HANA® database technology as well as real-time business analytics, mobile tools and cloud solutions. By enhancing SAP® Business Suite software, the SAP Business ByDesign® solution and the SAP® Business One application with club and stadium management functionality, SAP could offer robust ERP solutions tailored specifically for a much smarter and faster management of sports and entertainment arenas.
In today's environment, tens of thousands of transactions such as ticket sales can be executed in hours, or even minutes. These could be from fans anywhere, using mobile devices. SAP envisions a scenario where the high-speed SAP HANA platform, combined with BI reporting tools, could give promoters insights -- in real time -- to better understand which marketing tactics worked and which did not, giving them far more speed and agility to refine offerings to better respond to consumer needs and improve sales.
"SAP is committed to delivering solutions in the world of sports and entertainment that enhance the fan experience, provide real-time insights to improve performance and help sport and event management organizations run like never before," said Bernd Leukert, executive vice president for Applications, SAP. "The addition of Ticket-Web combined with solutions like SAP HANA and SAP Mobile Platform will help us connect with sports and entertainment fans around the world."
"We are ecstatic about this new team of Ticket-Web and SAP," said Joerg Oehmichen, chief executive officer and founder of Ticket-Web. "Promoters of events both large and small will soon have the power and reach of SAP innovation at their fingertips. The result will be a much richer fan experience and the ability to get closer to their customers."
Ticket-Web employees will become part of SAP. The deal is expected to close during the second quarter of 2013.
For more information, visit the SAP Newsroom.
About Ticket-Web GmbH & Co. KG
Ticket-Web GmbH & Co. KG provides solutions for ticketing. The solution allows venues and event promoters of any size to ticket and market a full range of events on the Web.
About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 232,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit http://www.sap.com.
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.
© 2013 SAP AG. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.
Follow SAP on Twitter at @sapnews.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Andy Kendzie, +1 (202) 312-3919 andy.kendzie@sap.com, EST
Alicia Lenze, +49 (6227) 7-40445, alicia.lenze@sap.com, CET
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EST; press@sap.com
SOURCE SAP AG
Photo:http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO
http://photoarchive.ap.org/
SAP AG
Web Site: http://www.sap.com