SAP software auditor company SABO has announced plans to invest more than $1 billion in its California headquarters and expand its global operations in order to meet growing demand for its products and services.
The company announced its plans Wednesday in an email to employees.
The company is seeking to attract talent from around the world and the region, as well as local talent.
The announcement comes as SAP continues to battle with the U.S. Securities and Exchange Commission (SEC) over its tax and privacy practices, which were revealed in a lawsuit filed by former employees.
The SEC said last year that SAP had been illegally withholding more than a billion dollars from the U,S.
taxpayer through tax shelters, tax breaks and accounting gimmicks.
In a letter to the company in October, then-SEC Chairwoman Mary Jo White wrote: “We are very concerned that SAP’s practices, as disclosed in this letter, may result in the improper withholding of federal and state taxes on foreign earnings of U.