Siemens and SAP SE (NYSE: SAP) have signed a global reseller agreement through which SAP will globally resell Siemens’ market-leading meter data management solution, EnergyIP.

• Agreement will combine SAP for Utilities solutions with Siemens’ meter data management solutions

This cooperative effort is intended to address multiple digital end-to-end business scenarios for energy and utility clients worldwide. The solution will be available directly from SAP, simplifying purchase and support processes for customers. It will be marketed under the name SAP Meter Data Management by Siemens and is expected to be generally available during the second quarter of 2017. As part of the agreement, SAP and Siemens also plan to further align development road maps in an effort to provide the foundation for next-generation business models supporting all future energy market players.

Emerging business models focus on delivering reliable and efficient power, while transitioning to an increasingly distributed energy landscape. SAP and Siemens plan to help utility customers integrate real-time processing of Big Data generated by millions of connected meters and sensors to provide better insight and control for all energy producers and consumers – from the large-scale power plant to small micro grids.

“Siemens and SAP have long-standing relationships with utilities and municipalities. Our smart grid application platform, EnergyIP, combined with SAP for Utilities solutions will reach nearly half of all power utilities in the world and will bring our customers a high level of intelligence and insight to make data not only valuable but actionable in today’s information-driven world,” said Thomas Zimmermann, CEO of the Siemens Digital Grid Business Unit. “End-to-end digital business scenarios will be the key drivers to really change today’s energy system.”

“SAP views today’s announcement as a unique opportunity for our customers to leverage the know-how and the solutions of the two market leaders SAP and Siemens for IT/OT integration,” said Henry Bailey, global vice president of the SAP Utilities Business Unit. “Real-time access to device and meter data combined with customer and commercial data will help provide utilities with a comprehensive view of their customers and technical devices. We anticipate that this will change the landscape in which utilities will operate in the future.”