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SAP is building out its cloud platform to tackle collaborative business commerce with the acquisition of Ariba.
The software maker agrees to purchase a privately held company specializing in computer programs that sort out data from companies' various business systems.
The software maker will hand over $493 million in stock and cash for the business-to-business services company, a deal that underlines the rapid consolidation in the enterprise software industry.
The business application maker plans to purchase its hosting services partner Alliente, in a move that follows software rivals in looking for new delivery models.
The software maker plans to release an updated package of business applications that promise to save companies money and effort when they buy business services.
The e-commerce software maker introduces a mix of new and enhanced business applications to help corporate purchasers squeeze more out of their budgets.
Pharmaceuticals maker AstraZeneca said Tuesday that it has agreed to purchase software from Ariba to reduce the cost of keeping its supplies in stock. Earlier this year, the $8.7 billion manufacturer bought Ariba's electronic-auction applications and has been using them to negotiate contracts with suppliers online. AstraZeneca expects the additional software, called Ariba Spend Management Suite, to help it cut costs through electronic invoicing and ordering. Neither company would disclose the value of the deal.
The business-to-business software maker is counting on its third CEO this year, former CFO Bob Calderoni, to turn around its sliding sales.