From the press release;
WALLDORF, Germany and SUNNYVALE, California – May 22, 2012 – SAP AG (NYSE: SAP) and Ariba, Inc. (Nasdaq: ARBA) today announced that SAP’s subsidiary, SAP America, Inc., has entered into an agreement to acquire Ariba, the leading cloud-based business commerce network, for $45.00 per share, representing an enterprise value of approximately $4.3 billion. The acquisition will combine Ariba’s successful buyer-seller collaboration network with SAP’s broad customer base and deep business process expertise to create new models for business-to-business collaboration in the cloud.
We can only read the signs and look forward to what SAP will do next! They sure need a re-make in the procurement area. It aint over though as there might happen more on the bidding scene still. We can only hope for the best for current and future customers.