SAP AG announced its intention to create SAP Portals, Inc., a new company dedicated to developing and marketing comprehensive, open-enterprise portal and business intelligence products. SAP Portals will initially employ 700 people in the development and marketing of people-centric solutions, including the corresponding professional services. SAP Portals combines the assets of three units of the SAP group: TopTier Software (being acquired by SAP); the current SAP general business unit dedicated to the mySAP Workplace enterprise portal and mySAP Business Intelligence solutions; and eSAP GmbH, an SAP professional services subsidiary focusing on enterprise portal and e-business projects. SAP Portals will be a global company with headquarters in Palo Alto, Calif., and development centers in Walldorf, Germany, and Raanana, Israel. In addition to providing products to the parent company, SAP Portals will license its technology outside the SAP Group of companies and expects a significant portion of its revenues to accrue from outside the SAP installed base. The enterprise portal and information solutions will provide all users with one entry point to the wide variety of structured and unstructured information, Web content management, collaboration tools, CRM, SCM and ERP systems, as well as legacy systems already in use in the business. SAP Portals solutions will be available to customers directly as part of the mySAP.com e-business platform from SAP. www.sap.com