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14 Facts About SAP Ariba
The name SAP Ariba is a neologism, chosen by a branding company since it was easy to pronounce and spell.
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SAP 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.
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On December 17,1999, SAP Ariba announced it would acquire Atlanta-based Tradex Technologies in a stock swap valued then at $1.
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The stock market liked the acquisition and the price of SAP Ariba's shares rose from $57 at the time of the announcement to $173 at closing on March 9,2000, which marked the peak of the Internet Bubble.
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In January 2001 SAP Ariba announced that it would acquire Agile Software in a $2.
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In early 2004, SAP Ariba acquired FreeMarkets which gave the company a software package in the upstream of the sourcing process.
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In late 2007, SAP Ariba bought the company Procuri for $93 million, which enhanced the company's client base and on-demand abilities.
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In December 2008, SAP Ariba announced that the US District Court for the Eastern District of Texas had issued an injunction against Emptoris, which prohibits the company from infringing on two of SAP Ariba's patents related to overtime and bid ceilings in reverse auctions.
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In November, 2010, SAP 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.
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In October, 2011 SAP 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.
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On May 22,2012, the German business software maker SAP SE announced it planned to acquire Ariba for an estimated $4.
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SAP Ariba's shareholders approved the acquisition on August 29,2012, and it was completed on October 1,2012, for $4.
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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.
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