Ariba Shareholders Approve Acquisition by SAP
SUNNYVALE, Calif. and WALLDORF, Germany — Aug. 29, 2012 —Ariba, Inc. (Nasdaq: ARBA) and SAP AG(NYSE: SAP) today announced that Ariba’s shareholders approved SAP’s acquisition of Aribaat the meeting of Ariba’s shareholders held today. SAP and Ariba anticipate regulatory approval and the completion of the transaction in the fourth quarter of calendar year 2012.
As market leader in enterprise application software, SAP helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enablemore than 195,000 customers (includes customers from the acquisition of SuccessFactors)to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.