On May 22, we wrote about how SAP acquired Ariba for $4.3 billion. The integration of both companies is going swimmingly because now 1 million companies are now connected to the Ariba Network. Now enterprises are collaborating in new ways to drive their productivity, sales, procurement, invoice, and payment processes.
Jim Snabe Posts
Business management software company SAP AG is acquiring Ariba Inc. for $4.3 billion. Ariba creates software that is an online trading platform for businesses. This acquisition will lead to SAP’s largest push into cloud computing. SAP will pay $45 per share for Ariba, which is 20% over the closing price yesterday. The transaction is expected to close by the third quarter and it is subject to approval by Ariba shareholders.
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