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SAP hopes to embiggen its cloud with Ariba slurp

Still seeking a secure foothold in fast-growing market

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Software giant SAP is hoping to beef up its cloud with an offer to slurp business commerce company Ariba for $4.3bn.

The acquisition should give SAP a boost as it tries to claw its way into the cloud, currently dominated by arch-rival Oracle and Salesforce.com.

SAP has been chomping businesses left, right and centre as it attempts to up its revenues and become more cloudy, but Ariba could prove a difficult firm to catch. Many of Ariba's customers use Oracle services, so it wouldn't be unheard of for the firm to swoop in with a better offer.

SAP expects to close the deal, providing there's no interference, in the third quarter this year, financing the buyout with cash and a 2.4bn loan.

Ariba's price tag values the company at over nine times its total revenues for the fiscal year 2011 and at $45 a share that's 20 per cent over the 21 May close.

SAP said that once the deal was done, it was planning to consolidate all its cloud-related supplier assets under Ariba. Should the deal go through, the same management team would stay at the company and would operate as a subsidiary of SAP. ®

Agentless Backup is Not a Myth

Fake Barcodes might help - LOL

Maybe they could slap a fake barcode on the box Ariba comes in, and get it out the door much cheaper?

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'embiggen' what a horrible word!

'embiggen' is a horrible word, what is wrong with 'Enlarge' it means the same?

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Re: 'embiggen' what a horrible word!

Pretty sure it's not even a real word. As far as I know, it was invented for an episode of 'The Simpsons' and some rather foolish people decided from then on it would be good to get it into general circulation.

Oh, the humanity...

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