SAP CEO says happy for firm to remain independent

"We are independent and we are pretty strong so there's no reason why we should not continue," Chief Executive Henning Kagermann told journalists

Kagermann made these comments as the European SAPPHIRE (SAP's annual conference) was about to kick off. During the US version of SAPPHIRE in Orlando co-founder and supervisory board chairman Hasso Plattner had indicated that SAP might be open to an acquisition/merger.