- Business software group SAP disclosed on Tuesday that some of its cloud products did not meet contractual or statutory security standards and said it would take remedial action to fix the problem as soon as possible.
- While SAP, Europe’s most richly valued technology company, declined to elaborate on a statement it issued overnight, the news follows management turmoil and a reduction to its profit forecast due to the coronavirus pandemic.
- Analysts said it could dampen enthusiasm among SAP’s client base to back a digital transformation in which it is seeking to shift the operation of enterprise, human resources and marketing applications to off-site datacenters from its traditional model of putting servers at customer locations.
Insurance Journal – Douglas Busvine and Nadine Schimroszik | May 6, 2020
