SAP AG, originally SAP Systems Analysis and Program Development, provides over 28,000 organizations in 120 countries with business collaboration systems. The firm's first financial accounting software program, R/1, was introduced in 1973. The R/2 system was introduced in 1979 and updated through the 1980s. The product handled multiple languages and currencies. In 1988, the company was listed on the Frankfurt and Stuttgart stock exchanges. It also acquired its current name. In the late 1980s, the firm opened subsidiaries in Denmark, Sweden, Italy, and the United States. The client-server SAP R/3 system was introduced in 1992. In 1998, the firm was listed on the New York Stock Exchange under the SAP symbol. The firm's SAP NetWeaver platform, introduced in 2005, provides organizations with information and process integration features. The mySAP (TM) Business Suite products operate on the platform. mySAP includes customer relationship management (CRM), enterprise resource planning (ERP), analysis, product lifecycle management (PLM), supply chain management (SCM), and other applications. SAP also is known for it mySAP.com systems. The company's SAP Ventures unit invests in emerging technology companies. SAP's technology is employed by 12 million end users. The firm serves companies across the manufacturing, professional service services, and government sectors. Its systems are used by aerospace, automotive, technology, mining, life sciences, media, retail, telecommunications, health care, banking, insurance, and other companies. SAP works with 1,500 partners. It employs 34,000 people across 50 countries. The firm was founded in 1972. It is based in Walldorf, Germany. SAP has won recognition from 'BusinessWeek,' 'Forbes,' and 'The Wall Street Journal.' The firm has formed alliances with 500 universities in 36 countries. SAP was founded by former IBM employees Dietmar Hopp, Hans-Werner Hector, Hasso Plattner, Klaus Tschira, and Claus Wellenreuther.