Jim Snabe Posts

SAP Co-CEO Jim Snabe To Step Down Next Year

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SAP co-CEO Jim Snabe will be stepping down in May 2014 to become a member of the company’s supervisory board.  Bill McDermott will become the sole chief executive officer going forward.  Snabe’s election to the board of directors is dependent on 25% of the shareholder vote.
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SAP Connects 1 Million Customers To The Ariba Network

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.

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SAP Buying Ariba For $4.3 Billion

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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