DENVER, Oct. 13, 2016 (GLOBE NEWSWIRE) -- P2 Energy Solutions announced today that it has signed an original equipment manufacturer (OEM) agreement with SAP (NYSE: SAP ). Through this agreement, P2 will offer the in-memory computing capabilities of the SAP HANA® platform with P2 Land, a leading land management solution for the upstream oil and gas industry. The integration of P2 Land and SAP HANA is intended to help P2’s customers get more value out of their current software investments and simplify their operations.
“P2 Land is already the land management solution of choice for a number of customers running SAP software,” said P2 Chief Technology Officer Ben Wilson. “This partnership is another example of P2 making enabling investments designed to benefit all of our current and future customers.”
An end-to-end land management solution designed for both land administration and land operations, P2 Land is used to manage more than 100 million acres across North America. Getting access to the rich, standardized functionality of P2 Land can now become even easier for customers.
“The adoption of our platform by complementary solution providers like P2 can help simplify our customers’ landscape,” said Ken Evans, Global VP, Oil & Gas Business Unit, SAP. “With P2 Land and SAP HANA, the combination of real-time visualization, one-click data analysis and process automation will help differentiate the land management experience. It can be a win for customers, partners and SAP.”
About P2 P2 Energy Solutions Empowers the People Who Power the World . Upstream oil and gas professionals who are focused on solving tough challenges rely on P2 software, data and analytics solutions to optimize their business performance. More than 1,200 companies from around the world use P2 solutions every day to manage their land assets, measure and process financial information, optimize production, manage their reserves and so much more. www.p2energysolutions.com .
About SAP HANA SAP HANA combines database, data processing and application platform capabilities in-memory. The platform provides libraries for predictive, planning, text processing, spatial and business analytics. By providing advanced capabilities such as predictive text analytics, spatial processing and data virtualization on the same architecture, it further simplifies application development and processing across big-data sources and structures. This makes SAP HANA a highly suitable platform for building and deploying next-generation, real-time applications and analytics.
Note: Interviews about these solutions or this OEM agreement can be scheduled through Alex Schultz, who can be reached at aschultz@p2energysolutions.com or +1 (303) 390-9437.
P2 Disclaimer The above is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for P2 Energy Solutions’ products remain at the sole discretion of P2 Energy Solutions. 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.
SAP, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
