SAP SE doing business as SAP, is a German multinational software company based in Walldorf, Baden-Württemberg, Germany that is the world's largest vendor of enterprise software. SAP GbR became, in 1981, fully Systeme, Anwendungen und Produkte in der Datenverarbeitung, abbreviated SAP GmbH after a five-year transition period beginning in 1976. In the late 1980s, it further restructured itself as SAP AG. Since 7 July 2014, its corporate structure is that of a pan-European societas Europaea; as such, its former German corporate identity is now a subsidiary, SAP Deutschland SE & Co. KG. It has regional offices in 180 countries and 109,973 employees. SAP is a component of the DAX and Euro Stoxx 50 stock market indices. The company is the largest non-American software company by revenue and the world's fifth-largest publicly traded software company by revenue. In June 2025, it was the largest European company by market capitalization, as well as one of the 30 most valuable publicly traded companies in the world. Wikipedia