Ariba Acquires E-Invoicing Firm

Purchase of French electronic invoicing network provider b-process expands company's global footprint.

Ariba, the business commerce solutions provider, has acquired b-process, a privately held company that operates the largest electronic invoicing network in France, in a move that Ariba says will expand its global footprint. Ariba is paying 35 million euros ($48 million) in cash for b-process, according to its 8-K filing.

Acquiring b-process will increase the annual spending that is transacted via Ariba’s network by about 45%, to $270 billion, the company says. It estimates the purchase will add about $11 million to its annual revenue.

B-process’ e-invoicing solutions handle more than 40 million invoices a year with an estimated value of more than $80 billion, and its customers include such large corporates as Carrefour, EADS, Eurocopter and Saint-Gobain.

Sunnyvale, Calif.-based Ariba had $361 million in 2010 revenue. The company's previous acquisition of Quadrem in November 2010 for $150 million expanded Ariba's presence in South America and Africa.

 

Comments