While our strategy relies largely on organic growth, we also pursue growth opportunities through strategic fill-in acquisitions. With this approach, SAP routinely evaluates opportunities and follows through on those which provide value to our customers and shareholders.

Past acquisitions include the following companies (please note that this is not a complete list of SAP's acquisitions):

• A2i Inc.
• Business Objects
• Clear Standards, Inc.
• DCW Software AG
• Frictionless Commerce Inc.
• Highdeal
• iLytix Systems AS
• Khimetrics Inc.
• Kieffer & Veittinger GmbH
• Lighthammer Software Development Corp.
• MaXware
• OutlookSoft Corporation
• Pilot Software
• Praxis Software Solutions Inc.
• SAF Simulation, Analysis and Forecasting AG (SAF)
• SAP Arabia LLC
• SAP Systems Integration AG
• Silk Europe
• TomorrowNow Inc.
• TopManage Financial Solutions Ltd.
• TopTier Software Inc.
• Triversity Inc.
• Visiprise, Inc.
• Virsa Systems Inc.
• Wicom Communications Ltd.
• Yasu Technologies