Friday 30th March 2001
SAP, a large German software firm, announced that had bought Top Tier, a small Israeli software firm founded by Shai Agassi, for $400 million. Top Tier enabled business partners to access SAP applications using a web interface. In 2007 Agassi left SAP and founded Better Place, a company dedicated to building a global network of charging and battery-exchange stations to make electric cars a mass-market proposition.