SAP Spends A Whopping $4.3 Billion On Cloud E-commerce Company Ariba

SAP co-ceo Bill McDermott

Photo: AP

SAP has made another massive acquisition. This time it snapped up cloud-based ecommerce company Ariba.SAP paid $45 a share in a deal valued at $4.3 billion

Ariba is headquartered in Sunnyvale, and has approximately 2,600 employees.

SAP is dead serious about turning itself from an old-school enterprise software company into a cloud company. It has struggled to come up with a successful cloud strategy for years.

This acquisition follows its $3.4 billion buy of cloud company SuccessFactors.

Ariba is a network that helps companies make purchases and collaborate with their suppliers. With $444 million in total revenue, Ariba experienced 38.5 per cent annual growth in 2011, SAP says.

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