SAP America has entered into an agreement to acquire Ariba, a leading cloud-based business commerce network, for $45.00 per share, or about $4.3 billion. Ariba’s buyer-seller collaboration network will be combined with SAP’s existing solutions and create new models for business-to-business collaboration in the cloud. Last week a company roadmap was presented for its cloud applications business (Software-as-a-Service), focusing on managing customers, suppliers, employees, and financials, in addition to its cloud suite offerings SAP Business ByDesign and SAP Business One.
Industry experts estimate the cloud-based enterprise network and procurement segment at a current size of $5 billion in revenue. Ariba says its network connects and automates more than $319 billion in commerce transactions, collaborations, and intelligence among more than 730,000 companies. Upon completion of the transaction, all cloud-related supplier assets of SAP will be consolidated under Ariba.
“The cloud has profoundly changed the way people interact. The impact will be even greater as enterprises connect and collaborate in new ways with their global networks of customers and partners,” said SAP Co-CEOs Bill McDermott and Jim Hagemann Snabe. “Cloud-based collaboration is redefining business network innovation, and we are catching this wave in the early stage of its evolution. The addition of Ariba will create the business network of the future,
We recommend you visit the following site for more complete information and related topics. Article source: http://www.datacenterknowledge.com/archives/2012/05/25/deal-watch-sap-buying-ariba-for-4-3-billion/