SUNNYVALE, Calif. and WALLDORF,
Germany, Aug. 29, 2012 /PRNewswire/ -- Ariba, Inc.
(Nasdaq: ARBA) and SAP AG (NYSE: SAP) today announced that Ariba's
shareholders approved SAP's acquisition of Ariba at 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.
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About Ariba, Inc.
Ariba, Inc. is the world's business commerce network. Ariba
combines industry-leading cloud-based applications with the world's
largest web-based trading community to help companies discover and
collaborate with a global network of partners. Using the
Ariba® Network, businesses of all sizes can connect to
their trading partners anywhere, at any time from any application
or device to buy, sell and manage their cash more efficiently and
effectively than ever before. Companies around the world use the
Ariba Network to simplify inter-enterprise commerce and enhance the
results that they deliver. Join them at: www.ariba.com
About SAP
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 enable more
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.
Cautionary Statement Regarding Forward-Looking Statements
Any statements contained in this document that are not historical
facts are forward-looking statements as defined in Section 27A
of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Words such as "anticipate,"
"believe," "estimate," "expect," "forecast," "intend," "may,"
"plan," "project," "predict," "should" and "will" and similar
expressions are intended to identify such forward-looking
statements. Forward-looking statements in this press release
include the statement concerning the parties' ability to complete
the transaction and the expected closing date of the transaction.
All forward-looking statements are subject to various risks and
uncertainties that could cause actual results to differ materially
from expectations. These potential risks and uncertainties include,
among others, uncertainties as to the timing of the acquisition;
the satisfaction of closing conditions, including the receipt of
regulatory approvals; the failure to retain key Ariba employees,
contracts or benefits; the failure to achieve expected synergies
and other benefits; customer and partner uncertainty regarding the
anticipated benefits of the transaction; whether certain industry
segments will grow as anticipated; the competitive environment
among participants in cloud technologies; and other risks detailed
in SAP's and Ariba's filings with the U.S. Securities and Exchange
Commission ("SEC"), including SAP's most recent Annual Report on
Form 20-F and Ariba's most recent Annual Report on Form 10-K and
quarterly report on Form 10-Q filed with the SEC. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates. SAP undertakes no
obligation to publicly update or revise any forward-looking
statements.
© 2012 SAP AG. All rights reserved.
SAP, R/3, SAP NetWeaver, Duet, PartnerEdge, ByDesign, SAP
BusinessObjects Explorer, StreamWork, SAP HANA, and other SAP
products and services mentioned herein as well as their respective
logos are trademarks or registered trademarks of SAP AG in
Germany and other countries.
Business Objects and the Business Objects logo, BusinessObjects,
Crystal Reports, Crystal Decisions, Web Intelligence, Xcelsius, and
other Business Objects products and services mentioned herein as
well as their respective logos are trademarks or registered
trademarks of Business Objects Software Ltd. Business Objects is an
SAP company. Sybase and Adaptive Server, iAnywhere, Sybase 365, SQL
Anywhere, and other Sybase products and services mentioned herein
as well as their respective logos are trademarks or registered
trademarks of Sybase, Inc. Sybase is an SAP company. Crossgate,
m@gic EDDY, B2B 360 Degrees, and B2B 360 Degrees Services are
registered trademarks of Crossgate AG in Germany and other countries. Crossgate is an
SAP company. SuccessFactors, Execution is the Difference, BizX
Mobile Touchbase, It's time to love work again, Jam and BadAss SaaS
are trademarks or registered trademarks of SuccessFactors Inc. in
the United States and other
countries. SuccessFactors is an SAP company. All other product and
service names mentioned are the trademarks of their respective
companies.
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For customers interested in learning more about SAP
products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Christoph Liedtke, SAP, +49
(6227) 7-50383, christoph.liedtke@sap.com, CET
Jim Dever, SAP, +1 (610) 661-2161,
james.dever@sap.com, EDT
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT,
press@sap.com
Karen Master, Ariba, +1 (412)
297-8177, kmaster@ariba.com, EDT
For more information, financial community only:
Stefan Gruber, SAP, +49
(6227) 7-44872, investor@sap.com, CET
John Duncan, Ariba, +1 (678)
336-2980, jduncan@ariba.com, EDT
SOURCE SAP AG