Bramasol Announces Intent to Purchase Caarma Corporation

South San Francisco, CA. —June 5, 2012—Bramasol, Inc., SAP’s premier software, implementation and consulting partner in the western U.S. for small and mid-sized enterprises, announced today that it signed a Letter of Intent to Purchase Caarma Corporation.  This purchase will double the size of the new Bramasol, increases geographic coverage and adds an offshore operation to deliver high quality, cost effective consulting services.

Bramasol CEO David Fellers welcomes Caarma founder and CEO Mayur Shah to the Bramasol Executive team as the new Executive Vice President of Strategic Solutions.  He joins CFO Jonathan Bell, VP of Sales John Froelich and VP of Professional Services Simone Bender on the executive leadership team.

The merging of Bramasol and Caarma produces a powerful SAP software Reseller and Professional Services Organization.  Combining these complementary organizations deepens our expertise in the High Technology, Manufacturing, Professional Services, Wholesale Distribution and the Sports and Entertainment industries while broadening the portfolio of solutions offered.  The addition of offshore operations based out of India allows the new Bramasol to deliver superior services for very favorable rates.

The acquisition is planned to be completed before June 30, 2012.

“Our focus continues to be on serving our customers better and this acquisition increases our expertise and offerings to meet the needs of our current and future customers in more profound ways” stated Bramasol CEO, David Fellers.  “Our vision is to be the leading partner for
companies seeking an end-to-end partner who can help them transform their businesses.  The combination of Bramasol and Caarma greatly accelerates and strengthens our ability to do this.”

Caarma CEO Mayur Shah expressed, “It is an honor to join with Bramasol, as they are a leader among SAP resellers and delivery organizations.  The merger will create opportunities for customers to improve their businesses like never before.  The new organization will be one of the dominant players in the Business software sales and services arena.”

About Caarma
Caarma Corporation is an SAP Gold Partner and Value Added Reseller of SAP Software Solutions and Services, headquartered in Silicon Valley. Caarma’s deep SAP ERP domain expertise along with SAP Business Analytics knowledge (Business Objects, Business Planning and Consolidation) and Afaria Mobility certification offer a unique value in one Partner. Customers include leaders in the Software, Telecommunications, Wireless, Wi-Fi, Broadband and Internet Business Industries as well as Semiconductor, OEM, and other High Tech manufacturing environments including Healthcare/Pharmaceutical manufacturing across the United States.

About Bramasol
Bramasol, headquartered in South San Francisco, CA, is an SAP Gold Partner and Master VAR with over 17 years of experience in providing business solutions for small and medium enterprises throughout the U.S.  With dozens of customers in High Tech, Entertainment, Software,
Manufacturing and Wholesale and Distribution, Bramasol specializes in developing, selling, implementing and supporting SAP software, including SAP All-in-One, Business Objects, Business ByDesign, Hana and Mobility applications.

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Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most
recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

For more information, press only:
Courtney Gannon
cgannon@bramasol.com+1-650-636-8721