“Where is the meat?” one shareholder asked management. SAP announced the purchase of web-based software company SuccessFactors Inc late last year, while in February, Oracle agreed to buy Taleo corp, a maker of web-based software for recruiting employees, for about $1.9 billion. Though Ariba made a small loss last year, it boasts that more than 730,000 clients, including British Airways, Chevron and Tata Motors, use its services in activities such as procurement, contracts and cash management.Īrch rivals Oracle and SAP are both transforming themselves into major players in cloud computing - providing software, storage and other services from remote data centres over the Web - and reducing their reliance on traditional business software. We think we paid a fair price, but you have to realise that there are few assets available in the world such as Ariba,” SAP’s co-Chief Executive Bill McDermott told journalists on Wednesday. International Business Machines IBM.N, the world's largest technology services company, and e-commerce company eBay Inc EBAY.O could also be possible contenders. Analysts said since many of Ariba’s customers use Oracle services, there was good reason, and a precedent, to believe the U.S.-based Oracle might make a rival bid in 2005, Oracle snatched retail software maker Retek away from SAP after a bidding war that reached $630 million.
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