EXHIBIT 8

SUBSIDIARIES, EQUITY METHOD INVESTMENTS, AND OTHER INVESTMENTS
As of December 31, 2006

Name and location of company

I. Subsidiaries

GERMANY

SAP Deutschland AG & Co. KG, Walldorf

SAP Systems Integration AG, Dresden ^{2), 3)}

SAP Hosting AG & Co. KG, St. Leon-Rot

Steeb Anwendungssysteme GmbH, Abstatt

SAP Passau GmbH & Co. KG, Passau

Virsa Deutschland GmbH, Walldorf ^{1), 2)}

SAP Beteiligungs GmbH, Walldorf

SAP Projektverwaltungs und Beteiligungs GmbH, Walldorf ²⁾

SAP Dritte Beteiligungs- und Vermögensverwaltung GmbH, Walldorf ^{1), 2)}

SAP Portals Europe GmbH, Walldorf ²⁾

SAP Beteiligungsverwaltungs GmbH, Walldorf

SAP Investment- und Beteiligungs GmbH, Walldorf

eSAP Beteiligungs GmbH, Walldorf

SAP Hosting Beteiligungs GmbH, St. Leon-Rot

SAP Foreign Holdings GmbH, Walldorf

SAP Vierte Beteiligungs- und Vermögensverwaltung GmbH, Walldorf ¹⁾

SAP Consulting Beteiligungs GmbH, Walldorf

SAP Zweite Beteiligungs- und Vermögensverwaltung GmbH, Walldorf ¹⁾

SAP Portals Holding Beteiligungs GmbH, Walldorf ²⁾

SAP Erste Beteiligungs- und Vermögensverwaltung GmbH, Walldorf ¹⁾

SAP Retail Solutions Beteiligungsgesellschaft mbH, Walldorf

REST OF EUROPE, MIDDLE EAST, AFRICA

SAP (UK) Limited, Feltham, Great Britain

SAP France S.A., Paris, France

SAP (Schweiz) AG, Biel, Switzerland

S.A.P. ITALIA Sistemi Applicazioni Prodotti in data processing S.p.A., Milan, Italy ²⁾

S.A.P. Nederland B.V., ‘s-Hertogenbosch, The Netherlands ²⁾

SAP Österreich GmbH, Vienna, Austria

SAP España Sistemas, Aplicaciones y Productos en la Informática, S.A., Madrid, Spain ²⁾

Limited Liability Company “SAP CIS”, Moscow, Russia

SYSTEMS APPLICATIONS AND PRODUCTS IN DATA PROCESSING (NV SAP BELGIUM SA), Brussels, Belgium ²⁾

SAP Danmark A/S, Copenhagen, Denmark

Systems Applications Products (Africa) (Pty) Ltd, Johannesburg, South Africa

SAP ČR, spol. s. r.o., Prague, Czech Republic

SAP Svenska Aktiebolag, Stockholm, Sweden

SAP Finland Oy, Espoo, Finland

SAP Norge AS, Lysaker, Norway

SAP Portugal — Sistemas, Aplicações e Produtos Informáticos, Sociedade Unipessoal, Lda., Paço de Arcos, Portugal

SAP SSC (Ireland) Limited, Dublin, Ireland

SAP Portals Israel Ltd., Ra’anana, Israel ²⁾

SAP Hungary Rendszerek, Alkalmazások és Termékek az Adatfeldolgozásban Informatikai Kft, Budapest, Hungary

SAP Public Services (Pty) Ltd, Johannesburg, South Africa ²⁾

SAP Polska Sp. z o.o., Warsaw, Poland

SAP Labs Israel Ltd., Ra’anana, Israel

SAP Slovensko s.r.o., Bratislava, Slovakia

SAP Türkiye Yazilim Üretim ve Ticaret A.S., Istanbul, Turkey

SAP HELLAS SYSTEMS APPLICATIONS AND DATA PROCESSING S.A, Athens, Greece

SAP LABS France S.A.S., Mougins, France

SAP Business Services Center Europe s.r.o., Prague, Czech Republic

Limited Liability Company “SAP Ukraine,” Kiev, Ukraine

SAP Ireland Limited, Dublin, Ireland

SAP Slovenia d.o.o., Ljubljana, Slovenia

SAP Labs Bulgaria EOOD, Sofia, Bulgaria

SAP d.o.o., Zagreb, Croatia

SAP Kazakhstan LLP, Almaty, Kazakhstan

SAP Romania SRL, Bucharest, Romania

SAP BULGARIA EOOD, Sofia, Bulgaria ²⁾

SAP Manage Ltd, Ra’anana, Israel

SAP EMEA Inside Sales S.L., Barcelona, Spain ¹⁾

TomorrowNow (UK) Ltd., Feltham, Great Britain ²⁾

SAP West Balkans LLC, Belgrade, Yugoslavia ¹⁾

Systems Applications Products Nigeria Limited, Abuja, Nigeria ²⁾

SAP CYPRUS LTD, Nicosia, Cyprus ²⁾

TomorrowNow Nederland B.V., Amsterdam, The Netherlands

Virsa Systems Limited, Berkshire, Great Britain ^{1), 2)}

Khimetrics LTD, London, Great Britain ^{1), 2)}

SAP Commercial Services Ltd., Valetta, Malta ¹⁾

SAP Malta Investments Ltd., Valetta, Malta ¹⁾

SAP Public Services BEE Investment Trust (Pty) Ltd i.L. Johannesburg, South Africa ²⁾

Ithinqcom (Pty) Ltd, Johannesburg, South Africa ²⁾

Ambin Properties (Pty) Ltd, Johannesburg, South Africa ²⁾

AMERICAS

SAP America, Inc., Newtown Square, Pennsylvania, USA

SAP Labs, LLC, Palo Alto, California, USA ²⁾

SAP Canada Inc., Toronto, Canada

SAP Brasil Ltda, São Paulo, Brazil

SAP Public Services, Inc., Washington, D.C., USA ²⁾

SAP Global Marketing Inc., New York, New York, USA

SAP México S.A. de C.V., Mexico City, Mexico

SAP Andina y del Caribe, C.A., Caracas, Venezuela

SAP ARGENTINA S.A., Buenos Aires, Argentina

SAP Retail, Inc., Scottsdale, Delaware, USA ¹⁾, ²⁾

SAP Governance Risk & Compliance, Inc., Fremont, California, USA ^{1), 2)}

SAP International, Inc., Miami, Florida, USA ²⁾

TomorrowNow, Inc., Bryan, Texas, USA ²⁾

Triversity Corporation, Bristol, Pennsylvania, USA ²⁾

SAP Government Support and Services, Inc., Newtown Square, Pennsylvania, USA ²⁾

Frictionless Commerce, Inc., Cambridge, Massachusetts, USA ^{1), 2)}

SAP Georgia LLC, Newtown Square, Pennsylvania, USA ²⁾

SAP Properties, Inc., Newtown Square, Pennsylvania, USA ²⁾

Khimetrics Canada, Inc., Montreal, Canada ^{1), 2)}

SAP Financial Inc., Toronto, Canada ²⁾

SAP Investments, Inc., Wilmington, Delaware, USA ²⁾

110405, Inc., Palo Alto, California, USA

Frictionless Foreign Holding Company, Cambridge, Massachusetts, USA ¹⁾

ASIA PACIFIC JAPAN

SAP JAPAN Co., Ltd., Tokyo, Japan

SAP Australia Pty Limited, Sydney, Australia

SAP INDIA SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING PRIVATE LIMITED, Bangalore, India

SAP (Beijing) Software System Co., Ltd., Beijing, China

SAP Asia Pte Ltd, Singapore

SAP Labs India Private Limited, Bangalore, India

SAP Korea Ltd., Seoul, Korea

SAP MALAYSIA SDN BHD, Kuala Lumpur, Malaysia

SAP TAIWAN CO., LTD., Taipei, Taiwan

SAP New Zealand Limited, Auckland, New Zealand

SAP HONG KONG CO. LIMITED, Hong Kong, China

SAP SYSTEMS, APPLICATIONS AND PRODUCTS IN DATA PROCESSING (THAILAND) LTD., Bangkok, Thailand

PT SAP Indonesia, Jakarta, Indonesia

SAP PHILIPPINES, INC., Makati, Philippines

TIM System Inc., Seoul, Korea ²⁾

TomorrowNow Singapore Pte Ltd., Singapore ²⁾

TomorrowNow Australia Pty Ltd, Sydney, Australia ¹⁾

Virsa Systems Private Limited, Chandigarh, India ^{1), 2)}

Virsa Systems Australia Pty Ltd, Varity Lakes, Australia ^{1), 2)}

SAPMarkets Asia Pacific Solutions Pte Ltd, Singapore

Triversity Asia/Pacific PTY Limited i.L., Sydney, Australia ²⁾

SAP INDIA (HOLDING) PTE LTD, Singapore

II. EQUITY METHOD INVESTMENTS

Global Virtual Marketplace GmbH i.L., Munich, Germany

Pandesic LLC i.L., Newtown Square, Pennsylvania, USA ²⁾

Procurement Negócios Eletrônicos S/A, Rio de Janeiro, Brazil ²⁾

ArisGlobal Holdings, LLC, Stamford, Connecticut, USA ^{1), 2)}

Greater Pacific Capital (Cayman), L.P., George Town, Cayman Islands ¹⁾

III. OTHER INVESTMENTS (ownership 5 or more percent)

Abaco Mobile, Inc., Alpharetta, Georgia, USA

Apriso Corporation, Long Beach, California, USA

Avokia, Inc., Toronto, Canada

Dacos Software GmbH, Saarbrücken, Germany

Datria Systems, Inc., Englewood, Colorado, USA

Deutsches Forschungszentrum für Künstliche Intelligenz GmbH, Kaiserslautern, Germany

Factory Logic, Inc., Austin, Texas, USA

Grau DataStorage AG, Schwäbisch Gmünd, Germany

HUBWOO.com SA, Paris, France

Human Resource Management & Consulting Co., Ltd., Tokyo, Japan

Ignite Technologies, Inc., Frisco, Texas, USA

iTAC Software AG, Dernbach, Germany

Metallect Corp., Plano, Texas, USA

MVP Strategic Partnership Fund GmbH & Co. KG, Munich, Germany

Onventis GmbH, Stuttgart, Germany

OpsTechnology, Inc., San Francisco, California, USA

Orbian Corporation Ltd., Hamilton, Bermuda, USA

Particle Computer GmbH, Karlsruhe, Germany

Powersim Corporation, Herndon, Virginia, USA

Questra Corporation, Redwood City, California, USA

Reva Systems Corporation, Chelmsford, Massachusetts, USA

Realize Corporation, Tokyo, Japan

Selero, Inc., Denver, Colorado, USA

SocialText, Inc., Palo Alto, California, USA

SupplyOn AG, Hallbergmoos, Germany

T3C, Inc., Mountain View, California, USA

Venture-Capital Beteiligung GbR mbH, Stuttgart, Germany

Visiprise, Inc., Alpharetta, Georgia, USA

VoiceObjects Inc., San Mateo, California, USA

¹⁾ Consolidated for the first time in 2006.

²⁾ Represents a wholly or majority owned entity of a subsidiary.

³⁾ Publicly traded.