writes "German software giant SAP AG today said it would acquire cloud-based business commerce solutions provider, Ariba, Inc. for approximately $4.3 billion. According to the company, the acquisition will combine Ariba's buyer-seller collaboration network with SAP's customer base and business process expertise to create “new models for business-to-business collaboration in the cloud.”
SAP, which competes fiercely with Oracle, said that its entry into the "inter-enterprise business network space" significantly expands its growth opportunities and accelerates its momentum in the cloud.
Headquartered in Sunnyvale, California, Ariba has approximately 2,600 employees and had $444 million in revenue in 2011."Link to Original Source