Shares of Lumen Technologies (LUMN) has decreased on such positive news, the company has partnered with software giant SAP (SAP) to expand SAP HANA for it’s SAP Business One on the Lumen platform.
Lumen will host and manage this offering to help simplify the configuration and deployment of SAP HANA, supporting value-added resellers (VARs), channel partners and 75,000 small and mid-market customers globally.
SAP Business One is SAP’s enterprise resource planning (ERP) solution for small businesses and the subsidiaries of midmarket and large enterprises, delivered globally through an ecosystem of over 800 authorized channel partners. SAP Business One connects and streamlines key operational processes, providing real-time insights for actionable decisions that drive profitable growth.
The Lumen platform, an advanced application architecture that integrates edge computing, global fiber network infrastructure, connected security and cloud connectivity, will manage SAP HANA infrastructure for businesses using SAP Business One throughout most of the world. SAP HANA on the Lumen platform uses a monthly service-based pricing model for the entire stack of software and services.
Why LUMN stock could reach $25
SAP is used by thousands of companies for business and software applications. They have partnerships with thousands of Fortune 500 companies like Microsoft (MSFT), Barclays (BCS), IBM (IBM), Accenture (ACN), Deloitte and many more.
This makes SAP a very efficient partner with Lumen Technologies and as both these companies continue to expand through partnerships I see LUMN stock surging over $25.