Ariba, founded in 1996, became SAP Ariba in 2016. SAP purchased Ariba in May 2012 for about $4.3 billion. The technology SAP Ariba offers is designed to help companies negotiate better agreements with suppliers and provide better visibility and control over spending. SAP Ariba is a software company that provides cloud-based procurement, spend management and supply chain services that enable suppliers and buyers to connect and do business globally.
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