SAP has completed its acquisition of Ariba, the SaaS business network.
The Ariba Network is an “open” network and more than 25 per cent of all purchase, sales, and invoice volumes transacted on the Network come from third-party applications, including SAP customers. There is plenty of opportunity for SAP to further integrate and expand its offerings to deliver greater value to both Ariba and SAP customers as well as the broader marketplace.
SAP said that Ariba, with over $500m in revenue, was, the second largest software as a service vendor by revenue.
“Ariba knows how to successfully marry On Premise with On Demand solutions. And this is something SAP can leverage to advance its cloud strategy.”