Ariba Acquisition
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| FAQs |
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What are you announcing today? |
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Ariba is announcing the closing of its acquisition of Procuri, a privately-held provider of supply management solutions based in Atlanta, GA. |
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Why did Ariba acquire Procuri? |
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Procuri is the best partner to help Ariba accelerate and achieve its near term business goals. By acquiring Procuri, Ariba can expand its leadership position in the marketplace, accelerate its growth, provide additional scale to its subscription software business, and strengthen its position in the fast-growing mid-market. |
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How does Procuri fit into Ariba’s overall strategy? |
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The acquisition of Procuri reinforces Ariba’s commitment to and leadership position in the on-demand spend management market.. According to data published in AMR Research’s Sourcing and Procurement Market Sizing Report, 2006-2011, the combined company holds a 50% share of the on-demand sourcing and procurement market and is the clear leader in the on-demand delivery model. |
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How is the acquisition expected to benefit Ariba customers? |
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Ariba customers are expected to benefit from Procuri’s expertise in the on-demand market as well as access to innovative features from Procuri’s sourcing, contract management, and supplier management solutions. |
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| What does the deal mean? |
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| What Customers Are Saying |
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| “Publicly held Ariba, already a major player — some would say the major player — in the spend management arena, looks to pick up significant capabilities in, and a large and growing customer base for, on-demand supply management in acquiring privately held Procuri, which has a mature on-demand offering encompassing strategic sourcing, contract management, spend analysis and supplier management operations.” |
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| -- Supply & Demand Chain Executive |
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