WALLDORF, Germany and
SUNNYVALE, Calif., Sept. 28, 2012 /PRNewswire/ -- SAP AG (NYSE:
SAP) and Ariba, Inc. (Nasdaq: ARBA) today announced that the UK
Office of Fair Trading has advised it will not refer the
acquisition of Ariba by SAP to the UK Competition
Commission. SAP and Ariba anticipate completing the
acquisition at the beginning of the fourth quarter of
calendar year 2012 after receiving clearance from the U.S.
Department of Justice, the last remaining regulatory condition for
the transaction.
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For more information, visit the SAP Newsroom.
About Ariba, Inc.
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
Ariba Network to simplify inter-enterprise commerce and enhance the
results that they deliver. Join them at: www.ariba.com
About SAP
As market leader in enterprise application software, SAP
(NYSE: 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.
Cautionary Statement Regarding Forward-Looking Statements
Any statements contained in this document that are not historical
facts are forward-looking statements as defined in Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Words such as "anticipate," "believe,"
"estimate," "expect," "forecast," "intend," "may," "plan,"
"project," "predict," "should" and "will" and similar expressions
are intended to identify such forward-looking statements.
Forward-looking statements in this press release include the
statement concerning the parties' ability to complete the
transaction and the expected closing date of the transaction. All
forward-looking statements are subject to various risks and
uncertainties that could cause actual results to differ materially
from expectations. These potential risks and uncertainties include,
among others, uncertainties as to the timing of the acquisition;
the failure to retain key Ariba employees, contracts or benefits;
the failure to achieve expected synergies and other benefits;
customer and partner uncertainty regarding the anticipated benefits
of the transaction; whether certain industry segments will grow as
anticipated; the competitive environment among participants in
cloud technologies; and other risks detailed in SAP's and Ariba's
filings with the U.S. Securities and Exchange Commission ("SEC"),
including SAP's most recent Annual Report on Form 20-F and Ariba's
most recent Annual Report on Form 10-K and quarterly report on Form
10-Q filed with the SEC. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of their dates. SAP undertakes no obligation to publicly update or
revise any forward-looking statements.
© 2012 by SAP AG. All rights reserved.
SAP and the SAP logo are registered trademarks of SAP AG in
Germany and other countries.
Business Objects and the Business Objects logo are trademarks or
registered trademarks of Business Objects Software Ltd. Business
Objects is an SAP company. Sybase and the Sybase logo are
registered trademarks of Sybase Inc. Sybase is an SAP company.
Crossgate is a registered trademark of SAP in Germany and other countries.
Follow SAP on Twitter at @sapnews.
For customers interested in learning more about SAP
products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Christoph Liedtke, SAP, +49 (6227)
7-50383, christoph.liedtke@sap.com, CET
Jim Dever, SAP, +1 (610) 661-2161,
james.dever@sap.com, EDT
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT,
press@sap.com
Karen Master, Ariba, +1 (412)
297-8177, kmaster@ariba.com, EDT
For more information, financial community only:
Stefan Gruber, SAP, +49 (6227)
7-44872, investor@sap.com, CET
John Duncan, Ariba, +1 (678)
336-2980, jduncan@ariba.com, EDT
SOURCE SAP AG