SAP AG, largest maker of enterprise-applications software,agreed to buy Ariba Inc. for $4.3 billion in the German company'ssecond multi-billion purchase in cloud computing to take on OracleCorp.
SAP will pay $45 a share, or 20 percent more than Ariba's May 21closing price, Walldorf, Germany-based SAP said yesterday. Thetransaction, subject to approval by Ariba shareholders andregulators, will probably be completed by the end of August, SAPChief Financial Officer Werner Brandt said on a conferencecall.
Ariba is the leader in cloud-based collaborative commerceapplications, counting BHP Billiton Ltd. and Deutsche Bank AG amongcustomers it connects to more than 730,000 suppliers. Ascompetition in on-demand software intensifies, SAP has increasedits pace of acquisitions, last buying SuccessFactors Inc. inDecember. With businesses increasingly choosing to store andprocess data on the Web, SAP is shifting many of its stapleapplications to the Internet.
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