Software company SAP said today it had agreed a three-year deal with Microsoft to help its large business customers move business processes into the cloud.
The partnership, called Embrace, aims to help clients run operations hosted at remote servers supported by SAP’s S/4HANA database.
“We bundled SAP’s cloud platform services to support customers around the extension, integration and orchestration of SAP systems,” co-chief executive Jennifer Morgan told reporters.
Morgan was appointed as co-chief executive of the company – alongside Christian Klein – after long-time chief executive Bill McDermott stepped down earlier this month.
Morgan is the first woman to become a chief executive of a company in Germany’s blue-chip Dax index.
“Bringing together the power of SAP and Microsoft provides customers with the assurance of working with two industry leaders so they can confidently and efficiently transition into intelligent enterprises,” Morgan said.
The company also announced its third-quarter results today, posting revenue of just under $6.8bn (£5.3bn), and operating profit of nearly $1.7bn.
The company reiterated its forecast for the year and through to 2023