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SAP, the global market leader in enterprise application software, is proud to announce its first Managed Cloud as a Service (MCaaS) partnership in Ghana, Nosmay Company Limited. MCaaS is SAP�s latest partnering business model that gives solution providers complete control of customer relationships for cloud delivery of SAP software. This model sees SAP�s partners directly licensing the software and then offering applications directly to clients as a service. Nosmay delivers application, infrastructure and enterprise solutions to its customers, with the goal of assisting organisations to use technology to stay competitive, increases their profitability and driving their growth. �Through this partnership Nosmay will be able to better address the lower and upper end of the Ghanaian and West African markets with a subscription based cloud offering that will drastically reduce the cost of operations for our customers and will also enable us to scale our operations, be more competitive and drastically increase the reach of SAP within West Africa.,� explains Adelaide Ntow, Communications Consultant at Nosmay. According to a recent forecast1 from market research company International Data Corporation (IDC) titled �Worldwide Spending on Hosted Private Cloud Services to Surpass $24 Billion in 2016�, the hosted private cloud services market will experience a compound annual growth rate (CAGR) of more than 50 percent between 2012 and 2016. �Our MCaaS model is yet another example of the choice that we are providing to our partners. It opens the door for some partners to engage with SAP in a way that makes sense for their business. Partners have told us that it�s a great approach to help them tap into operating expense budgets, to create differentiated solutions based on SAP software, and to maximize revenue from their own intellectual property by targeting a much broader market than might otherwise be possible,� says Pfungwa Serima, CEO of SAP Africa. During the rest of this year, SAP Africa is planning to make greater investments with the aim of providing its MCaaS partners with additional support that includes business development resources. The latter will help match partners with the right opportunities, allowing them to grow their business. 1Source: IDC, Forecasts Worldwide Spending on Hosted Private Cloud Services to Surpass $24 Billion in 2016, February 2013