Shares of SAP AG (SAP - Free Report) were up 0.83% after the company announced the signing of a global original equipment manufacturer (OEM) agreement with InEight. InEight is a leading provider of technology solutions comprising a full suite of responsive, eight-dimensional, real-time data visualization intelligent tools for the construction and engineering industry. Through this agreement the companies will incorporate the SAP HANA platform in various industry solutions.
SAP HANA is an in-memory database that combines transactional data processing, analytical data processing and application logic processing functionality.
Per the scope of the contract, InEight will provide best-in-class industry business and big data solutions to worldwide customers using the SAP HANA platform. The solutions will be created combining the InEight solutions, such as Hard Dollar, with the database and technology portfolio provided by SAP. This portfolio comprises the SAP BusinessObjects Business Intelligence solutions, the SAP Afaria mobile device management solution, the SAP HANA platform and the SAP Mobile Platform.
Through this OEM agreement, SAP and InEight intend to create services that will provide value to the high potential industries of InEight, enabling them to benefit from the significant business value of SAP HANA and easily get through InEight's solutions with the help of integration of game changing SAP mobile technologies. Thus, this strategic collaboration will not only expand InEight’s global reach but will also allow it to deliver business value to customers through providing an efficient project life cycle.
In a separate development, on Jun 12, German Football Association and SAP AG came together to unveil a novel platform called SAP Match Insights. This new solution is powered with SAP HANA and is primarily targeted at assisting the analysis, training and preparation in football tournaments. Further, this platform allows coaches and scouts to process substantial amount of data (Big Data) to find and evaluate key situations in matches to improve player and team performance, ultimately improving the on-field experience of the World Cup.
Thus, SAP, with the help of its SAP HANA platform, is planning to provide its customers with real-time data, through processing and analyzing Big Data. Notably, SAP HANA is being adopted by almost every sphere of business, ranging from fashion to education (Read: https://www.zacks.com/stock/news/134998/sap-hana-for-fashion-education)
SAP currently has a Zacks Rank # 3 (Hold). Some better-ranked stocks in the sector worth considering at the moment are Blackbaud Inc. (BLKB - Free Report) , Citrix Systems, Inc. (CTXS - Free Report) and Manhattan Associates Inc. (MANH - Free Report) . All three sport a Zacks Rank #1 (Strong Buy).