SAP Ariba

Ariba (now SAP Ariba) was founded in 1996Seeking Alpha. "[http://seekingalpha.com/article/363831-5-cloud-computing-takeover-targets-revisited 5 Cloud Computing Takeover Targets Revisited]." February 14, 2012. Retrieved March 14, 2012. by Bobby Lent, Boris Putanec, Paul Touw, Rob Desantis, Ed Kinsey, Paul Hegarty, and Keith Krach[http://edgar.secdatabase.com/2926/104746999016152/filing-main.htm Ariba, Form S-1, Quarterly Report, Filing Date April 23, 1999], Retrieved August 15, 2013 on the idea of using the Internet to enable companies to facilitate and improve the procurement process, which was paper-based, labor-intensive, and inefficient for large corporations. The name Ariba is a neologism, chosen by a branding company since it was easy to pronounce and spell. The pre-launch name was Procuresoft.

Ariba went public in 1999 under Krach's leadership as CEO, and was one of the first business-to-business Internet companies to do an IPO.{{cite web|first=Om|last=Malik|work=Forbes|url=https://www.forbes.com/1999/08/03/mu2.htm|title=Ariba's next big challenge: managing hypergrowth|date=August 3, 1999|archive-url=https://web.archive.org/web/20041120061551/http://www.forbes.com/1999/08/03/mu2.html|archive-date=November 20, 2004|access-date=February 15, 2025}} The company's stock more than tripled from the offering price on opening day,{{cite web|first=Larry|last=Dignan|publisher=CNET News|url=https://www.cnet.com/tech/tech-industry/update-ariba-soars-up-291-percent-in-ipo/|title=Update: Ariba soars up 291 percent in IPO|date=June 23, 1999|access-date=February 15, 2025|archive-url=https://web.archive.org/web/20131029192352/http://news.cnet.com/Update-Ariba-soars-up-291-percent-in-IPO/2100-12_3-258799.html|archive-date=October 29, 2013|url-status=live}}{{cite web|first=Chris|last=Nerney|work=InternetNews|url=https://www.internetnews.com/it-management/ariba-ipo-keeps-hope-alive/|title=Ariba IPO Keeps Hope Alive|date=June 24, 1999|access-date=February 15, 2025|archive-url=https://web.archive.org/web/20041010014229/http://www.internetnews.com:80/bus-news/article.php/144421|archive-date=October 10, 2004|url-status=dead}} making the three-year-old company worth $4 billion. In 2000, the stock value continued to climb, and Ariba's market capitalization was as high as $40 billion.By Chris O'Brien, San Jose Mercury News. "[http://www.mercurynews.com/business/ci_20787367/obrien-rising-from-dot-com-dead-ariba-surprises?source=rss O'Brien: Rising from the dot-com dead, Ariba surprises us all]." June 5, 2012. Retrieved May 7, 2013. With the bursting of the dot-com bubble, Ariba's stock price fell dramatically in July 2001 to its IPO level, where it remained for the rest of its life as an independent company.

On December 17, 1999, Ariba announced it would acquire Atlanta-based Tradex Technologies in a stock swap valued then at $1.86 billion.{{cite web|first=Brian|last=Fonseca|work=Network World|url=http://www.networkworld.com/news/1999/1217ariba.html|title= Ariba buys B2B company Tradex for $1.86 billion|date=December 17, 1999|access-date=April 23, 2025|archive-url=https://web.archive.org/web/20130709170301/http://www.networkworld.com/news/1999/1217ariba.html|archive-date=July 9, 2013|url-status=dead}}{{cite web|url=http://edgar.secdatabase.com/914/91205799010554/filing-main.htm |title=Ariba, Form 8-K, Current Report, Filing Date Dec 23, 1999 |publisher=secdatabase.com |accessdate =Jan 13, 2013}}{{cite web |url=http://contracts.corporate.findlaw.com/planning/merger/1290.html |title=Agreement and Plan of Reorganization - Ariba Inc. and Tradex Technologies Inc.|date=29 January 2000 |work=FindLaw.com |access-date=28 February 2011}}{{cite web|first=Melanie Austria|last= Farmer|publisher=CNET|url=http://news.cnet.com/Ariba-to-expand-Net-market-role-with-Tradex/2100-1017_3-234513.html|title=Ariba to expand Net market role with Tradex|date= December 16, 1999|archive-url=http://web.archive.org/web/20040831003223/http://news.com.com/2100-1017_3-234513.html|archive-date=August 31, 2004|access-date=April 23, 2025|url-status=dead}} Tradex was the leader in the nascent Digital Marketplace Software field. The stock market liked the acquisition and the price of Ariba's shares rose from $57 at the time of the announcement to $173 at closing on March 9, 2000, which also marked the peak of the Internet Bubble. The 33.2 million shares that Ariba issued to buy Tradex were then worth $5.6 billion to Tradex shareholders.

In January 2001 Ariba announced that it would acquire Agile Software in a $2.55 billion stock swap.{{cite web|url=http://edgar.secdatabase.com/1820/101287001000290/filing-main.htm |title=Ariba, Form 425, Filing Date Jan 29, 2001 |publisher=secdatabase.com |accessdate =Jan 13, 2013}}{{cite web|last=Ablack|first=Anand |url=http://news.cnet.com/Ariba-snaps-up-Agile-Software-for-2.55-billion/2009-1017_3-251681.html |title=Ariba snaps up Agile Software for $2.55 billion |date=January 29, 2001 |publisher=CNET News |access-date=April 23, 2025|archive-url=http://web.archive.org/web/20040520071644/http://news.com.com/2009-1017_3-251681.html|archive-date=May 20, 2004|url-status=dead}} By April, with Ariba facing a disappointing second quarter and cutting a third of its workforce, the deal had fallen apart.{{cite web|url=http://edgar.secdatabase.com/43/101287001001512/filing-main.htm |title=Ariba, Form 8-K, Current Report, Filing Date Apr 3, 2001 |publisher=secdatabase.com |accessdate =Jan 13, 2013}}{{cite news|author=Reuters |url=https://www.nytimes.com/2001/04/03/business/technology-briefing-internet-ariba-and-inktomi-cut-earnings.html |title=TECHNOLOGY BRIEFING: INTERNET; ARIBA AND INKTOMI CUT EARNINGS |date=3 April 2001 |work=The New York Times |access-date=April 23, 2025|url-access=limited}}

In early 2004, Ariba acquired FreeMarkets{{cite news |url=https://www.nytimes.com/2004/01/24/business/company-news-ariba-will-buy-freemarkets-for-493-million.html |title=COMPANY NEWS; ARIBA WILL BUY FREEMARKETS FOR $493 MILLION |date= January 24, 2004 |work=The New York Times |access-date=April 23, 2025|url-access=limited|author=Bloomberg News|archive-url=http://web.archive.org/web/20090401235732/www.nytimes.com/2004/01/24/business/company-news-ariba-will-buy-freemarkets-for-493-million.html|archive-date=April 1, 2009|url-status=live}} which gave the company a software package in the upstream (sourcing) of the sourcing process.{{cite web|url=http://pdf.secdatabase.com/2394/0001193125-04-008360.pdf |title=Ariba, Form 8-K, Current Report, Filing Date Jan 23, 2004 |publisher=secdatabase.com |accessdate =Jan 13, 2013}}{{cite web|url=http://edgar.secdatabase.com/1967/119312504118896/filing-main.htm |title=Ariba, Form 8-K, Current Report, Filing Date Jul 15, 2004 |publisher=secdatabase.com |accessdate =Jan 13, 2013}} In late 2007, Ariba bought the company Procuri for $93 million, which enhanced the company's client base and on-demand abilities.{{cite web|url=http://pdf.secdatabase.com/1342/0001193125-07-204242.pdf |title=Ariba, Form 8-K, Current Report, Filing Date Sep 20, 2007 |publisher=secdatabase.com |accessdate =Jan 13, 2013}}{{cite web |url=http://www.businesswire.com/news/home/20070920005595/en/Ariba-Announces-Definitive-Agreement-Acquire-Procuri |title=Ariba Announces Definitive Agreement to Acquire Procuri |date= 20 September 2007 |publisher=Business Wire |access-date=21 December 2010}}Matt Marshall. “[https://venturebeat.com/2007/09/21/ariba-buys-supply-chain-management-software-co-procuri-for-93m/ Ariba buys supply chain management software co., Procuri for $93M].” Venture Beat. September 21, 2007. Retrieved April 29, 2013.

In November, 2010, Ariba announced that it would acquire Quadrem, a privately held provider of one of the world's largest supply networks and on-demand supply management solutions.{{buzzword inline|date=March 2020}}{{cite web|url=http://edgar.secdatabase.com/1689/119312510263569/filing-main.htm |title=Ariba, Form 8-K, Current Report, Filing Date Nov 18, 2010 |publisher=secdatabase.com |accessdate =Jan 13, 2013}}{{cite web|last=Dignan|first=Larry |url=http://www.zdnet.com/blog/btl/ariba-acquires-quadrem-to-bolster-network/41878 |title=Ariba acquires Quadrem to bolster network |date=November 18, 2010|work=Between the Lines |publisher=ZDNet |access-date=April 23, 2025|archive-url=http://web.archive.org/web/20101121171430/http://www.zdnet.com:80/blog/btl/ariba-acquires-quadrem-to-bolster-network/41878|archive-date=November 21, 2010|url-status=dead}} The acquisition closed in January 2011.{{cite web|url=http://pdf.secdatabase.com/1375/0001193125-11-016004.pdf |title=Ariba, Form 8-K, Current Report, Filing Date Jan 27, 2011 |publisher=secdatabase.com |accessdate =Jan 13, 2013}}

In October, 2011 Ariba announced the acquisition of b-process, a privately held French company and European leader in electronic invoicing service provider, for approximately €35 million in cash.{{cite web|url=http://edgar.secdatabase.com/1876/119312511274419/filing-main.htm |title=Ariba, Form 8-K, Current Report, Filing Date Oct 19, 2011 |publisher=secdatabase.com |accessdate =Jan 13, 2013}}{{cite web |url= http://ardentpartners.com/research/index.php?main_page=product_info&cPath=14&products_id=11&zenid=07547f07f895561f1b6e702305538ab9 |title=Voulez-Vous eInvoice? Ariba buys b-process|last1=Patel |first1=Vishal |date=October 2011 |publisher=Ardent Partners |access-date=28 October 2011}}

In April, 2013, Ariba partnered with Medassets to "extend the latter's supply chain management and outsourced procurement functionalities".The Paypers, [http://www.thepaypers.com/news/e-invoicing-scf-e-procurement/ariba-teams-up-with-medassets/750738-24 "Ariba teams up with MedAssets"], April 9, 2013. Retrieved April 29, 2013.

In December 2008, Ariba announced that the U.S. District Court for the Eastern District of Texas had issued an injunction against Emptoris,{{cite web |title=Ariba, Form 10-Q, Quarterly Report, Filing Date Feb 6, 2009 |url=http://pdf.secdatabase.com/485/0001193125-09-020779.pdf |accessdate=Jan 13, 2013 |publisher=secdatabase.com}} which prohibits the company from infringing on two of Ariba's patents related to overtime and bid ceilings in reverse auctions.{{cite web |last=Wilson |first=Deborah R. |date=23 December 2008 |title=Ariba Lawsuit Delivers a Moderate Blow to Emptoris |url=http://www.gartner.com/DisplayDocument?id=846014 |url-status=dead |archive-url=https://web.archive.org/web/20090210235726/http://www.gartner.com/DisplayDocument?id=846014 |archive-date=February 10, 2009 |access-date=21 December 2010 |publisher=Gartner}} On 16 December 2008, the court ordered Emptoris to pay an enhanced damages award of $1.4 million for willful infringement in connection with Emptoris’ infringement of the two reverse auction-patents held by Ariba. This was in addition to the 29 October 2008 jury award of $5 million in damages to Ariba, bringing the total fine to approximately $6.4 million, a significant penalty for Emptoris which earned approximately $50 million in revenue for 2008. In an Emptoris press release, that company noted that it had released a new software "patch" that eliminates any infringement. The U.S. District Court, in February 2009, issued an order noting that the "patch" is colorably different, effectively concluding the case.

SAP Ariba now only sells the cloud version of product in the market and calls it SAP Ariba On Demand Suite of Applications. Customers using the On Premise versions will eventually have to migrate to the cloud version.

On May 22, 2012, the German business software maker SAP SE announced it planned to acquire Ariba for an estimated $4.3 billion. SAP said it would pay $45 a share. JPMorgan Chase and Deutsche Bank AG advised SAP SE on the sale, while Morgan Stanley provided financial counsel to Ariba.{{cite news |url=https://www.bloomberg.com/news/2012-05-22/sap-agrees-to-buy-ariba.html|title=SAP To Acquire Ariba For $4.3 Billion In Push Into Cloud|publisher= Bloomberg |date=23 May 2012}} Ariba's shareholders approved the acquisition on August 29, 2012,{{cite web|url=http://pdf.secdatabase.com/484/0001193125-12-373660.pdf |title=Ariba, Form 8-K, Current Report, Filing Date Aug 29, 2012 |publisher=secdatabase.com |accessdate =Jan 13, 2013}}{{cite press release |url=http://www.sap.com/corporate-en/investors/newsandreports/news.epx?category=45&articleID=19484|title=Ariba Shareholders Approve Acquisition by SAP|publisher= SAP AG |date=29 August 2012}} and it was completed on October 1, 2012, for $4.4 billion.{{cite web | publisher = Bloomberg Businessweek | title = SAP closes $4.51 billion Ariba acquisition | url = http://www.businessweek.com/ap/2012-10-01/sap-closes-4-dot-51-billion-ariba-acquisition | archive-url = https://web.archive.org/web/20121005094603/http://www.businessweek.com/ap/2012-10-01/sap-closes-4-dot-51-billion-ariba-acquisition | url-status = dead | archive-date = October 5, 2012 | date = October 1, 2012 }}

As of June 2022, SAP Ariba indicates that it currently supports over 5.3 million companies (between buyers and suppliers) on the "SAP B2B Network", transacting $3.75 trillion annually.{{Cite web |date=2022-06-09 |title=SAP Closes Gap Between Sustainability and Profitability with Solutions for Africa |url=https://news.sap.com/africa/2022/06/sap-closes-gap-between-sustainability-and-profitability-with-solutions-for-africa/ | access-date=2023-10-16 |website=news.sap.com |language=en}}

In January of 2022 SAP Ariba announced that it would be building a partnership with CLM specialist Icertis as well as taking minority stake within the company for an undisclosed amount. The two companies have committed to building a joint roadmap.{{Cite web |date=2022-01-25 |title=SAP deepens partnership with Icertis, taking minority stake and committing to joint roadmap with the CLM specialist |url=https://spendmatters.com/2022/01/25/sap-deepens-partnership-with-icertis-taking-minority-stake-and-committing-to-joint-roadmap-with-the-clm-specialist/ |access-date=2022-04-01 |website=Spend Matters |language=en}}

• Fieldglass
• SAP Concur

{{reflist|30em}}

• {{Official website}}
• [http://www.secdatabase.com/CIK/1084755/Company-Name/ARIBA-INC Ariba SEC Filings]
• [https://www.linkedin.com/pulse/how-sap-ariba-reshapes-businesses-real-world-examples-sap-vista-2mg1c/?trk=public_post_main-feed-card_feed-article-content/ What is ARIBA Used For] with real-world examples

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