SAP Streamwork is launching an integration with Google Wave this week at Google I/O.

Google Wave is still officially in the research lab but the service is starting to show more connections to Google Apps as demonstrated with SAP StreamWork. StreamWork is a collaborative decision making service.

For example, a Google Document can now be pulled into StreamWork where it can be shared through Google Wave. It’s the co-editing feature that makes this compelling. The activity stream in StreamWork can be used in connection with the co-editing capabilities that come with Google Wave.

David Meyer leads the Streamworks team. He says SAP is exploring how to extend the service into Google Apps and potentially the Google Apps marketplace.

In the next several months SAP will also provide the capability to integrate Google Wave into an on-premise environment through what Meyers calls an “enterprise agent,” that will connect the service to Google Wave.