SAP AG (NYSE:SAP) announced the opening of an SAP Labs location in Skolkovo, Russia. The new SAP Labs CIS (Commonwealth of Independent States) location will begin operations in 2012 and expects to have 70 employees by the end of the year; 250 employees are targeted by 2015. The total value of SAP investments in SAP Labs CIS will be approximately EUR45 million by the year 2015.

As market leader in enterprise application software, SAP helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition.

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