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The European Fee launched an antitrust probe into German software program behemoth SAP on Thursday, citing considerations concerning the firm’s practices in software program assist companies.
In keeping with the Fee, the investigation will assess “whether or not SAP might have distorted competitors within the aftermarket for upkeep and assist companies associated to an on-premises sort of software program, licensed by SAP, used for the administration of firms’ enterprise operations.”
SAP, in an announcement on Thursday, stated it believed its insurance policies and actions have been totally compliant with EU competitors guidelines.
“Nonetheless, we take the problems raised critically and we’re working intently with the EU Fee to resolve them,” a spokesperson stated. “We don’t anticipate the engagement with the European Fee to end in materials impacts on our monetary efficiency.”
SAP is one among Europe’s most dear firms, with a market cap of just about 282 billion euros ($331 billion).
Shares of the agency moved decrease on Thursday, dropping 1.4% by 11:48 a.m. in London (6:48 a.m. ET).