Ariba
 |
|
| Subsidiary | |
| Traded as | Formerly NASDAQ: ARBA |
| Industry | Internet Software & Services |
| Founded | 1996 |
| Headquarters | Palo Alto, California, U.S. |
|
Area served
|
World wide |
|
Key people
|
Robert M. Calderoni, Keith Krach |
| Products | Cloud-based solutions, SAP Ariba Network, Source-to-Pay Software, Contract Management Software, Financial Solutions |
| Revenue |
|
 $ -2.9 million (FY 2011)
|
|
 $ 33.2 million (FY 2011)
|
|
| Total assets |
$ 913.1 million (FY 2011)
|
| Total equity |
$ 647.9 million (FY 2011)
|
|
Number of employees
|
3,636 (December 2015) |
| Parent | SAP SE |
| Website | www.ariba.com |
$ 335.1 million (FY 2011)
SAP Ariba is an American software and information technology services company located in Palo Alto, California. It was acquired by German software maker SAP SE for $4.3 billion in 2012.
Ariba (now SAP Ariba) was founded in 1996 by Bobby Lent, Boris Putanec, Paul Touw, Rob Desantis, Ed Kinsey, Paul Hegarty, and Keith Krach on the idea of using the Internet to enable companies to facilitate and improve the procurement process. Procurement had been a paper-based, labor-intensive, and inefficient process for large corporations; main competitors in this arena include Tungsten Network, GEP, Basware and iPayables. The name Ariba is a neologism, chosen by a branding company since it was easy to pronounce and spell. Some pre-launch names included Procuresoft and Mandate.
Ariba was one of the first business-to-business Internet companies to go public (in 1999). The company's stock more than tripled from the offering price on opening day, making the three-year-old company worth $6 billion. In 2000, the stock value continued to climb, and Ariba's market capitalization was as high as $40 billion. With the bursting of the dot-com bubble, Ariba's stock price fell dramatically to the low double digits in July 2001, where it remained for the rest of its life as an independent company.
According to the company's website, SAP Ariba is the world’s business commerce network. SAP Ariba combines industry-leading cloud-based applications with the world's largest Internet-based trading community to help companies discover and collaborate with a global network of partners. Using the SAP 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 SAP Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver.
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Wikipedia