Business software maker SAP has announced plans to invest more than $2bn and almost double its workforce in China by 2015.
In the next four years, SAP plans to hire 2,000 people, bringing the company's workforce in China up to 4,500 employees. SAP intends to double its offices in China from the current five.
SAP announced its plan to hike investment in China at its Sapphire Now customer and partner event in Beijing.
SAP intends to ramp up operation in China to meet the needs of enterprises and partners, said Bill McDermott, co-chief executive at SAP.
"Our SAP labs and SAP research facilities there will continue to drive innovation for our Chinese customer base,” he said
The company plans to set up more research and development facilities, train more experts and introduce its benchmarking methodology to China to drive growth, said McDermott.
The investment will help China’s transition to a knowledge-based economy and spur broader innovation across the IT industry, said Hera Siu, president of SAP China.
Innovation was the overarching theme at SAP’s Sapphire event in Madrid from 9 to 10 November, at which the SAP highlighted its new mobile, cloud and in-memory computing technologies.
Although these areas, particularly in-memory computing, were the fastest growing part of the business and already accounted for around 10% of revenue, co-chief executive Jim Hagemann Snabe emphasised that SAP is still committed to its core ERP business.