SAP to Acquire Carbon Management Solution Leader Clear Standards, Inc
SAP Accelerates Sustainability Solution Roadmap; Clear Standards Acquisition Provides On-Demand Carbon Management Solutions for Fast Time to Value And Complements the Capabilities of SAP® Business Suite and SAP® Environment, Health, and Safety Management
"It is essential that organizations gain actionable insight into their carbon emissions, water consumption, energy use and other environmental factors so they can lower their environmental impact," said SAP AG Co-CEO Leo Apotheker. "Having this ability also correlates to an organization's efficiency and competitiveness. With the acquisition of Clear Standards, we will accelerate our vision to deliver a complete set of solutions to enable end-to-end sustainable businesses. We welcome the Clear Standards team to SAP."
Clear Standards Assess provides the foundation for organizing and consolidating all emissions data across the enterprise, allowing businesses to determine and report their total environmental impact, including GHG emissions, water consumption and waste. Clear Standards Analyze provides detailed visualizations of emissions data, enabling insight-driven decisions on environmental initiatives. Finally, Clear Standards Act supports operational plans to meet sustainability goals and conform to voluntary goals and regulatory standards. By using embedded best practices in the solutions, businesses can plan for dramatic cost savings from energy and waste reduction, access decision-support metrics for optimizing investments in energy efficiency technologies, and seek to enhance brand value by providing credible transparency into sustainability initiatives.
"Clear Standards was established with the vision to help global organizations manage their operations with the added dimension of sustainability as a true driver of growth and innovation," said Clear Standards, Inc. Chairman and CEO Betsy Atkins. "Our team is excited to contribute to the next generation of SAP sustainability solutions. By joining SAP we expect to reach many more organizations needing to better manage their environmental impact and profitability."
The acquisition of Clear Standards is consistent with SAP's strategy to complement existing solutions with purchases of innovative technologies and capabilities. SAP anticipates the acquisition will be completed in June 2009. Clear Standards, Inc. has locations in Sterling, Virginia, and Delhi, India. Additional details about the integration of the companies will become available after closing. Terms of the transaction were not publicly disclosed.
For more information about SAP's sustainability efforts, visit the Sustainability Newsroom or the Sustainability at SAP section of www.sap.com.
About Clear Standards
Clear Standards provides enterprise "Sustainability 2.0" software to help organizations accurately measure, mitigate, and monetize carbon emissions and other environmental impacts. Clear Standards enables businesses to identify opportunities for cost savings from energy and waste reduction, and optimize investment across a portfolio of energy efficiency projects. By following Clear Standards' embedded best practices, corporations can prepare for regulatory changes, reduce costs, and reinforce positive brand image by providing credible transparency into sustainability initiatives.
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 86,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit www.sap.com.
SAPPHIRE® 2009 Orlando
More than 10,000 customers, partners and industry experts are convening at SAPPHIRE® 2009 to discover how SAP and its thriving partner ecosystem are delivering IT solutions that help today's best-run businesses achieve clarity in every area of their operations. SAP's premier educational and networking event, SAPPHIRE is the one occasion each year where senior executives, business managers and decision-makers can come together to explore how innovative business solutions foster long-term, profitable growth. SAPPHIRE 2009 is being held in Orlando, Florida, May 11-14. For more information, please visit www.sap.com/sapphire. Join the conversation via Twitter at #sapphire09.
In addition to SAPPHIRE 2009, SAP is also hosting SAP® World Tour 2009, a series of local events in more than 70 cities through Europe, the Middle East, Asia and Latin America. For more information, visit the SAP World Tour event page on sap.com.
(*) SAP defines business software as comprising enterprise resource planning and related applications.
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