SAP 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 |
$ 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.
On December 17, 1999 Ariba announced it would acquire Atlanta-based TRADEX Technologies Inc. in a stock swap valued then at $1.86 billion. 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, Daljeet.
...
Wikipedia