WALLDORF, Germany and
SUNNYVALE, Calif., Oct. 1, 2012 /PRNewswire/ -- SAP AG (NYSE:
SAP) today announced that it has completed its acquisition of
Ariba, Inc. (NASDAQ: ARBA). All outstanding shares of Ariba (other
than shares held by stockholders that have properly and validly
perfected their appraisal rights under Delaware law) were converted into the right to
receive $45.00 per share in cash,
without interest and less any applicable withholding of taxes.
Ariba has notified The Nasdaq Stock Market of the completion of the
acquisition and expects trading of its common stock to be suspended
pending delisting of such shares.
(Logo:
http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)
Driving New Models of Business-to-Business
Collaboration
Through the acquisition, SAP will deliver an industry-leading
end-to-end cloud procurement solution and become the leader in the
fast-growing segment of inter-enterprise cloud-based business
networks. SAP plans to enable its more than 195,000 customers to
easily connect to the Ariba business network through pre-built
integration points — no matter what size or industry, and no matter
whether on premise or on demand. SAP also plans to provide open
access to the business network, extending the benefits of business
collaboration to any company, on any system, from any provider.
"SAP and Ariba form a powerful combination, perfectly positioned
to enable our customers to collaborate more efficiently with their
global network of customers and partners," said SAP Co-CEOs
Bill McDermott and Jim Hagemann
Snabe. "We share a common passion for customer-driven innovation
and putting our customers at the center of everything we
do. Together, we will create the premier business network to
connect businesses and their systems to those of their trading
partners and enable new processes only possible in a digital
environment."
Enabling the Networked Enterprise
Business networks are significantly more powerful than any
single entity. The combination of the network and procurement
solutions from Ariba and SAP will provide companies with 360-degree
insights into their spending. By combining its business process
expertise with Ariba's business network, SAP enables the "Networked
Enterprise," empowering business to:
- Connect to customers, suppliers and partners to facilitate
collaborative commerce processes like sales, procurement and
finance
- Gain efficiency through cloud-based applications that automate
and enable shared processes like sourcing, invoicing and
payment
- Become more informed through community intelligence, market
insights, benchmarking and best practices for better performance
and decisions
"Perceptive executives have come to understand that creating
value means embracing networks of people and coordinating their
efforts," said Ariba CEO Bob
Calderoni. "By combining SAP innovations and core
applications with the Ariba Network, we can create new ways for
businesses to collaborate through the cloud and deliver business
results faster."
SAP will consolidate all cloud-related supplier assets of SAP
under Ariba, which will operate as an independent business under
the name "Ariba, an SAP company." Calderoni will be appointed to
the SAP Global Managing Board subject to the consent of the SAP
Supervisory Board.
For more information, visit www.ariba.com/go/sapnow and the SAP
Newsroom.
About Ariba
Ariba, an SAP company, 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.
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© 2012 by SAP AG. All rights reserved.
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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