SAP stands for Systems Applications and Products in Data Processing.
SAP, by definition, is also name of the ERP (Enterprise Resource Planning) software as well the name of the company.
SAP Software was Founded in 1972 by Wellenreuther, Hopp, Hector, Plattner, and Tschira.
SAP system consists of a number of fully integrated modules, which covers virtually every aspect of business management.
SAP is #1 in the ERP market. As of 2010, SAP has more than 140,000 installations worldwide, over 25 industry-specific business solutions and more than 75,000 customers in 120 countries
Other Competitive products of SAP Software in the market are Oracle, Microsoft Dynamics, etc.