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Cargojet Selects SAP

May 26, 2009

Leading Canadian Air Cargo Carrier to Integrate Financials and Reduce Costs With
SAP® Business All-in-One Solutions

TORONTO — May 26, 2009 — SAP Canada Inc., a subsidiary of SAP AG (NYSE: SAP), today announced that Cargojet Income Fund (Cargojet) (TSX: CJT.UN) will implement  SAP® Business All-in-One solutions to better manage financial and reporting processes, increase efficiency and reduce costs as the company continues to grow its business. Cargojet is also leveraging Best-Run Now packages from SAP (see “SAP Helps Customers Weather Economic Cycle With Unique Offerings Addressing Most Timely Business Challenges”), which enable companies to quickly address their most pressing business challenges via pre-packaged SAP software and services. IDS Scheer will deliver sales and implementation support for the project.

Cargojet, Canada’s premier cargo airline, provides time-sensitive overnight cargo services to all major city centers across the country. Cargojet has enjoyed significant growth, increasing its freighter fleet and expanding its network by providing value-added services to its customers. As Cargojet continues to develop its business model, it has selected SAP Business All-in-One solutions to address Cargojet’s business and IT needs for the future.

“As Cargojet expands its services into new global markets, we need to establish a solid technology platform and seek partners such as SAP and IDS Scheer that can support our current and future requirements,” says Ajay K. Virmani, president and CEO, Cargojet. “Cargojet has selected SAP software as it delivers the functionality and industry best practices we need to optimize financial processes and enhance accounting while reducing our cost of IT ownership.”
Cargojet joins more than 13,500 midsize customers worldwide that use SAP Business All-in-One solutions to maximize their growth potential through comprehensive and integrated functionality to manage all their business processes including accounting, operations, sales and fleet management.

“We’ve seen an increasing number of customers seeking more in-depth and broader functionality out of their business software,” said Jason Mausberg, managing director, IDS Scheer. “SAP Business All-in-One is a perfect fit for Cargojet because it can help manage its entire business, across functions and geographies. Cargojet can also flexibly adapt and extend the solution as its business evolves and grows.”

With powerful analytic reporting capabilities and standard reports for providing enhanced visibility into business performance, SAP Business All-in-One enables midsize companies to take better control of their profitability. The solutions also provide tools and built-in support to help customers comply with regulatory requirements, as well as enhanced transparency for regulatory checks and audits by allowing them to build controls and checks into their business processes.
“Fast-growing companies such as Cargojet that are expanding to international markets need solutions that can help them further tighten business control, identify and leverage growth opportunities and respond quickly as business dynamics change,” says Conrad Mandala, vice president, SME, SAP Canada. “With the Best-Run Now packages, SAP helps customers to quickly acquire solutions that address pressing business needs and deliver benefits quickly, which is especially crucial in tight economic times.”

Cargojet is expected to go live with SAP Business All-in-One after approximately six months implementation time.

About Cargojet
Cargojet Income Fund is Canada's leading provider of time sensitive overnight air cargo services. Cargojet operates its network across North America, transporting over 750,000 pounds of time sensitive air cargo each business night, utilizing a fleet of thirty-four all-cargo aircraft.

About IDS Scheer
IDS Scheer is the market leader in Business Process Management (BPM) software, solutions and services for corporations and public organizations worldwide. With its unrivaled ARIS Platform for Process Excellence, the company offers an integrated, comprehensive solution portfolio for the strategy, design, implementation and controlling of business processes; allowing companies to continuously improve their overall business performance.  Utilizing the ARIS Value Engineering (AVE) approach, IDS Scheer consultants bridge the gap between corporate strategy, business processes, IT solutions and process controlling.  The IDS Scheer SAP Consulting practice delivers unmatched implementation services, winning the 2008 SAP Pinnacle Awards for Customer Satisfaction – Global Ecosystem; and the 2007 Channel Partner of the Year award in the US & Canada for its overall performance.

Approximately 2,840 employees serve the company's 7,500 customers worldwide. In 2008, IDS Scheer's revenues reached 399.1 million Euro. Established in 1984 by Prof. August-Wilhelm Scheer, IDS Scheer is listed in the TecDAX on the Frankfurt Stock Exchange (Germany).

For more information, please visit: www.ids-scheer.com/us or www.ids-scheer.com/ca

About SAP® Business All-in-One
SAP® Business All-in-One is a comprehensive and flexible business management solution with best practices built in. It best fits the needs of midsize companies looking for a comprehensive, integrated industry solution to power their business end-to-end. SAP Business All-in-One solutions help companies manage everything from financials, human resources, procurement, inventory, manufacturing, logistics, product development, and corporate services to customer service, sales, and marketing in one configurable solution. SAP Business All-in-One solutions are available from SAP and over 1,100 SAP Partners in 50 countries, delivering 690 microvertical solutions and can be easily configured to meet the business requirements of midsize companies in any industry. SAP Business All-in-One solutions are affordable and predictable, and can be implemented with minimal business disruption and fast time to value. Over 13,500 customers around the globe use SAP Business All-in-One solutions to improve financial management, maintain operational excellence, and enhance competitive agility. Additional information is available at www.sap.com/solutions/sme/businessallinone.

About SAP Canada Inc.
SAP Canada Inc., based in Toronto, is a subsidiary of SAP AG (NYSE:SAP), the world's leading provider of business software*. SAP delivers solutions to help Canadian enterprises of all sizes to create efficiencies across supply chains and business operations, optimize performance and profitability, reduce costs, and increase competitive advantage. In addition, SAP Labs Canada, a division of SAP Canada Inc., develops cutting-edge software for a wide array of SAP applications from its Montreal, Toronto and Vancouver locations.

SAP Canada Inc. and Business Objects Corporation have collectively more than 1,200 customers and over 2,000 employees across the country. SAP Canada Inc. has been named as one of the 50 Best Employers in Canada for 2009 by Hewitt Associates.

For further information, please visit www.sap.ca.

About SAP
SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 86,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” For more information, visit www.sap.com.

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(*) SAP defines business software as comprising enterprise resource planning and related applications.

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For more information, please contact:
SAP Canada: Joy Chan, +1 416-250-3347, j.chan@sap.com
Gutenberg Communications for IDS Scheer: Ann Cole, +1 646-775-6315, acole@gutenbergpr.com