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SAP, Philip Morris ink deal

SAP, a maker of business management software, signed a multiyear agreement with cigarette manufacturer Philip Morris. Under the deal, Philip Morris will use SAP's software to handle a wide range of business needs, including applications that manage its supply chain, customer relations and human resources. SAP said it will provide maintenance and other services as part of the deal. Financial terms were not disclosed.

SAP, a maker of business management software, signed a multiyear agreement with cigarette manufacturer Philip Morris. Under the deal, Philip Morris will use SAP's software to handle a wide range of business needs, including applications that manage its supply chain, customer relations and human resources. SAP said it will provide maintenance and other services as part of the deal. Financial terms were not disclosed.