SOURCE: Thomson Reuters

Thomson Reuters

May 18, 2010 12:10 ET

Sabrix Awarded 2010 SAP® Pinnacle Award

Global Partner Awards Recognize SAP Partners That Made Exemplary Contributions to SAP's Ecosystem

SAN RAMON, CA--(Marketwire - May 18, 2010) -  The Tax & Accounting business of Thomson Reuters today announced that Sabrix has been awarded a 2010 SAP® Pinnacle Award in the "Software Solution Newcomer of the Year" category. SAP Pinnacle Awards are granted to leading SAP partners that have excelled in enhancing the customer experience, addressing critical issues such as accelerating co-innovation and improving return on investment. Winners were selected based on over 230 nominations in 27 categories received from partners and SAP employees. Sabrix received the award at a special awards ceremony held on the eve of SAPPHIRE® NOW, SAP's international customer conference being held in Orlando, Fla., through May 19.

"Businesses are increasingly relying on software solutions to help manage the growing complexity of the sales, use and value-add tax process," said Eric Ruud, senior vice president and general manager of Indirect Tax, a Tax & Accounting Business of Thomson Reuters. "We are honored to receive a prestigious 2010 SAP Pinnacle Award and look forward to continuing to build, maintain and support global transaction tax solutions closely integrated with SAP applications to serve customers of all sizes."

In the past two years, Sabrix has gained much momentum as a committed SAP software solution partner through its engagement in the SAP PartnerEdge™ program, participation in the SAP EcoHub solution marketplace, and involvement in driving campaigns with SAP.

"The SAP ecosystem, through our partners and communities, continuously drives growth and success for our joint customers," said S. Singh Mecker, senior vice president and head, Global Ecosystem and Partner Group, SAP. "Our partners play a vital role in SAP's innovation efforts and in helping customers meet their most essential business challenges. We applaud Sabrix on its commitment and dedication to the SAP partnership. They have excelled in co-innovating with SAP to deliver unparalleled value and mutual business success to our joint customers."

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The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Dallas, Ann Arbor (Michigan), London, Sydney, and Toronto, and offices in nine countries. For more information, go to http://thomsonreuters.com/products_services/taxacct/.

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SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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