Contracts/Deals: SAP buys VMS provider Ariba for $4.3bn
24 May 2012
Software firm SAP’s US subsidiary SAP America will purchase cloud-based business network Ariba for a value of around $4.3bn (£2.7bn).
Ariba’s applications include a vendor management system (VMS) for temporary labour. Ariba has around 2,600 employees.
Thu, 24 May 2012
Software firm SAP’s US subsidiary SAP America will purchase cloud-based business network Ariba for a value of around $4.3bn (£2.7bn).
Ariba’s applications include a vendor management system (VMS) for temporary labour. Ariba has around 2,600 employees.In a press statement, SAP co-chief executives Bill McDermott and Jim Hagemann Snabe say: “The addition of Ariba will create the business network of the future, deliver immediate value to our customers and provide another solid engine for driving SAP’s growth in the cloud.”
Software firm SAP’s US subsidiary SAP America will purchase cloud-based business network Ariba for a value of around $4.3bn (£2.7bn).
Ariba’s applications include a vendor management system (VMS) for temporary labour. Ariba has around 2,600 employees.In a press statement, SAP co-chief executives Bill McDermott and Jim Hagemann Snabe say: “The addition of Ariba will create the business network of the future, deliver immediate value to our customers and provide another solid engine for driving SAP’s growth in the cloud.”
