History
In March 2002 SAP purchased TopManage Financial Systems, an Israel-based developer of business applications and branded their system as SAP Business One. TopManage was founded by Reuven Agassi and Gadi Shamia, both taken key executive positions at SAP following the acquisition.
The acquisition allowed SAP to reach out to the midmarket through its partners and also to gain additional business from the smaller subsidiaries of its enterprise customers.
In December 2004, SAP acquired the technology and assets of iLytix Systems AS, a privately held software company based in Oslo, Norway. As a result SAP introduced new reporting and budgeting capabilities in SAP Business One called XL Reporter.
In July 2006 SAP acquired Praxis Software Solutions and planned to integrate the company's Web-based CRM and e-commerce capabilities into SAP Business One. Financial terms of the deal weren't disclosed. Minneapolis-based Praxis, a private software company, had previously been a SAP Business One partner.
In 2009 SAP sold the Web-based CRM and eCommerce components that comprised the former Praxis Software Solutions. Currently SAP does not offer an eCommerce solution for SAP Business One. This functionality will be provided through the Solution Extension Program.
In 2011 SAP partnered with CitiXsys to use their business consolidation solution to extend reach for SAP Business One intercompany integration. The solution enables businesses to manage intercompany transactions for more than one company by automatically replicating corresponding transactions across multiple company databases.
At last recorded count, SAP has 88,000 SME's worldwide using B1, which represents 70% of their user base. If we calculate backwards, the remaining 30% of enterprise users will count as 45,000. We are not sure if this includes clients from newly procured companies such as Sybase.
Read more about this topic: SAP Business One
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