Sunnyvale, Calif.— Oct. 1, 2012—SAP AG’s acquisition of ecommerce network provider Ariba Inc.—initially announced earlier this year—is now complete. 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 per share in cash, without interest and less any applicable withholding of taxes. Ariba trading of its common stock to be suspended pending de-listing of such shares.
“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 Bill McDermott and Jim Hagemann Snabe, Co-Chief Executive Officers of SAP. “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.”
Through the acquisition, SAP will deliver an end-to-end procurement solution to enable its more than 195,000 customers to more 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.
“Perceptive executives have come to understand that creating value means embracing networks of people and coordinating their efforts,” said Bob Calderoni, Chief Executive Officer, Ariba. “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.”
The combination of the network and procurement solutions from Ariba and SAP will provide companies with 360-degree insights into their spending. As a result of the acquisition, 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
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.