SAP Business One
SAP Business One is a business management software designed for small businesses, sold by the German company SAP AG. As an ERP solution, it aims to automate key business functions in financials, operations, and human resources.
SAP Business One was initially launched in Israel in 1996 under the name "Menahel" or TopManage in English. The company was founded by Reuven Agassi (CEO) and Gadi Shamia (VP of sales, marketing and product). The product was designed by Gadi Shamia and the head developer was Hilla Mazinter. In its first years TopManage was sold in the Israeli market only and was the first Windows/Mac business management product to be offered in the Israeli market. In 2000 TopManage started its global expansion into markets in Europe and Latin America. In March 2002, SAP purchased TopManage Financial Systems, an Israeli developer of business applications and branded their system as SAP Business One. TopManage founders Reuven Agassi and Gadi Shamia, took key executive positions at SAP following the acquisition. A year earlier TopManage's sister company TopTier, was also acquired by SAP. TopTier was founded by Reuven Agassi's son Shai Agassi.
The acquisition allowed SAP to reach out to the midmarket through its partners and also to gain additional business from the smaller subsidiaries of its enterprise customers.
In December 2004, SAP acquired the technology and assets of iLytix Systems AS, a privately held software company based in Oslo, Norway. As a result SAP introduced new reporting and budgeting capabilities in SAP Business One called XL Reporter.
In July 2006, SAP acquired Praxis Software Solutions and planned to integrate the company's Web-based CRM and e-commerce capabilities into SAP Business One. Financial terms of the deal weren't disclosed. Minneapolis-based Praxis, a private software company, had previously been a SAP Business One partner.
In 2009, SAP sold the Web-based CRM and eCommerce components that comprised the former Praxis Software Solutions. Currently SAP does not offer an eCommerce solution for SAP Business One. This functionality is provided by the VAR (Value Added Re-sellers) program along with +350 other industry specific solutions.
In 2011, SAP partnered with CitiXsys to use their business consolidation solution to extend reach for SAP Business One intercompany integration.
- SAP buys Israel accounting software company TopManage, Globes, 13 March 2002