Ariba buys software partner
The software maker agrees to purchase a privately held company specializing in computer programs that sort out data from companies' various business systems.
Software maker Ariba has agreed to purchase a privately held Walnut Creek, Calif., company specializing in computer programs that sort out data from companies' various business systems. Ariba announced the deal with the company, called Softface, on Wednesday. The companies did not disclose financial terms. Ariba plans to complete the transaction in April and hire all 15 Softface employees, a spokeswoman for the company said.
Ariba, based in Sunnyvale, Calif., makes application software designed to help companies streamline the purchase of supplies. The software works by analyzing data pertaining to companies' purchasing histories, thier suppliers, and their contracts. With Softface, the company will expand into "data cleansing" software that can assist in that analysis, Ariba said.