With The Purchase of Ariba SAP Strengthens Cloud Strategy In The Enterprise Software Industry
In late August Ariba, Inc. (Nasdaq: ARBA) and SAP AG (NYSE: SAP) announced that SAP AG acquired Ariba. SAP and Ariba stated that they anticipate obtaining regulatory approval and the completion of the transaction in the fourth quarter of this year 2012. SAP AG, the largest maker of enterprise-applications software, bought Ariba, Inc. for $4.3 billion in its second multi-billion purchase in cloud computing.
According to the press release, “Ariba, Inc. is the world’s business commerce network. Ariba combines industry-leading cloud-based applications with the world’s largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the AribaNetwork to simplify inter-enterprise commerce and enhance the results that they deliver.” Currently, Ariba’s website is: www.ariba.com
From the press release: “As market leader in enterprise application software, SAP helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device ““ SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 195,000 customers (includes customers from the acquisition of SuccessFactors) to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
SAP agreed to buy Ariba, Inc. (ARBA) for $4.3 billion in the German company’s second multi-billion purchase in cloud computing to take on Oracle Corp. (ORCL) “¦SAP will pay $45 a share, or 20 percent more than Ariba’s May 21 closing price, Walldorf, Germany-based SAP said yesterday. The transaction, subject to approval by Ariba shareholders and regulators, will probably be completed by the end of August, SAP Chief Financial Officer Werner Brandt said on a conference call”¦. As competition in on-demand software intensifies, SAP has increased its pace of acquisitions, last buying SuccessFactors Inc. in December. With businesses increasingly choosing to store and process data on the Web, SAP is shifting many of its staple applications to the Internet”¦SAP’s acquisition of Ariba would be the largest enterprise software deal since Hewlett-Packard Co. (HPQ) bought Autonomy Corp. for more than $10 billion last year, according to data compiled by Bloomberg. There have been almost 1,200 of those transactions globally over the past decade, with a value topping $80 billion. “We don’t have the DNA in the cloud,” SAP co-Chief Executive Officer Bill McDermott said in an interview, “We’re probably the most strategic Cloud player in the enterprise software industry.” (emphasis added)
Cornerstone Consulting is a SAP Business Partner/Value Added Reseller Providng SAP Business One ERP Software, Related Services, and IT to Small and Midsized Enterprises
Why do so many small and midsized companies rely on Cornerstone to help their organizations out-perform the local, national and/or international competition with ease? Simply stated, our level of experience is outstanding. Since 1983 Cornerstone Consulting has been providing state-of-the-art business software systems, as well as related technical support, to small and midsized manufacturing and wholesale distribution enterprises. With SAP’s ERP system for small businesses and midsized companies, SAP Business One deployed as an On-Premise or in your own cloud as an On-Demand solution, you can supercharge the performance of your entire enterprise. Let us show you how your business can run better than ever before.
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Source: SAP
