Vendavo Reports Record Results for 2007

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Record Breaking Revenues, New Customers and Rapid Acceleration in Customer Deployments Drive Company Growth

Vendavo®, the leading provider of business-to-business price management and optimization software, today announced record results for 2007. Vendavo continued its aggressive growth, increasing global bookings by more than 65% over the prior year. Over the last 12 months, Vendavo added 18 new customers, making 2007 the most successful year in the company's history.

Key highlights include:

  •     65% increase in annual bookings over 2006
  • 18 new customers across diverse industries, including high tech, manufacturing, process, consumer goods and services
  • Significant revenue growth and new customers in Europe
  • Strong momentum in the company's SAP partnership. SAP, the world's leading provider of business software, resells the Vendavo Enterprise Pricing Suite as SAP Price and Margin Management by Vendavo
  • Launched Version 6.6 of the Vendavo Enterprise Pricing Suite, with over 100 product enhancements
  • Only vendor to be recognized by AMR Research as the best in five out of six categories in its 2007 Pricing and Profitability Management Framework Report
  • Rapid acceleration in new and existing customer deployments across the world

"2007 was a breakthrough year for Vendavo and I am very pleased with our performance," said Al Crites, chief executive officer of Vendavo. "We delivered on the aggressive objectives that we had set for ourselves at the beginning of the year. I am excited about the opportunities that lie ahead for us in 2008."

About Vendavo
Vendavo is the leading provider of price management and optimization software for business-to-business companies worldwide. Vendavo Enterprise Pricing Suite solves pricing problems by giving businesses true enterprise-wide control of their entire pricing process. It combines pricing science, pricing best practices, and enterprise-class software to drive small improvements in average prices at every stage of the pricing process, from segmentation to deal close. Together, these improvements deliver big increases in profits - from 10% to 30%. Vendavo is the enterprise pricing solution of choice for some of the world's biggest names in high-tech, industrial manufacturing, chemicals, consumer products, mill products and distribution. SAP resells the Vendavo solution as SAP Price and Margin Management by Vendavo.

To learn more, or to request information, visit http://www.vendavo.com

Vendavo is a registered trademark of Vendavo.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all
over the world.

All other product and service names mentioned are the trademarks of their respective companies.

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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Carleen LeVasseur
Vendavo
408-264-6767
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