[THE INVESTOR] IT solutions firm Samsung SDS said on June 29 that it would join forces with German software firm SAP to develop cloud systems for businesses.The two companies signed a memorandum of understanding for the partnership at its head office in Seoul on June 29.“We are proud to announce our partnership with Samsung SDS in enterprise cloud, one of SAP’s core services,” said Bernd Leukert, member of SAP’s products & innovations unit.

“Through diverse solutions designed for various lines of business, we will further support our customers and partners in establishing a solid foundation for cloud environment.”“This will be an opportunity to expand the enterprise cloud business market in cooperation with SAP in the Korea and Asia-Pacific region,” said Chung Yoo-sung, president and CEO of Samsung SDS.Samsung SDS has worked with SAP in developing and operating enterprise resource systems for Samsung Group’s affiliates as well as other companies. The two partners said they would expand their collaboration in providing IT solutions optimized for cloud-based enterprises.