![]() In 2000, the stock value continued to climb, and Ariba's market capitalization was as high as $40 billion. The company's stock more than tripled from the offering price on opening day, making the three-year-old company worth $4 billion. The pre-launch name was Procuresoft.Īriba went public in 1999 under Krach's leadership as CEO, and was one of the first business-to-business Internet companies to do an IPO. ![]() The name Ariba is a neologism, chosen by a branding company since it was easy to pronounce and spell. Company beginnings Īriba (now SAP Ariba) was founded in 1996 by Bobby Lent, Boris Putanec, Paul Touw, Rob Desantis, Ed Kinsey, Paul Hegarty, and Keith Krach on the idea of using the Internet to enable companies to facilitate and improve the procurement process, which was paper-based, labor-intensive, and inefficient for large corporations. ![]() ![]() It was acquired by German software maker SAP SE for $4.3 billion in 2012. ![]() Who we are ERG in the present and in the future Our transformation Our History Brand evolution #ERG80 We are ERG The management Our locations Our energy Wind Our wind farms Italy France Germany Poland Bulgaria Romania United Kingdom Creag Riabhach Wind Farm How a wind farm works How we manage our wind farms The Technical Training Centre What is repowering Reblading, a technological innovation project Sun Our photovoltaic plants Italy France Spain How a photovoltaic plant works Natural Gas Our powerplant How a combined cycle plant works Energy Management Energy for companies (PPA) Capacity market Investor Relations Business Plan Guidance Financial Calendar Financial statements and results ERG renew: pre delisting archive OPA promoted by ERG S.p.A.SAP Ariba is an American software and information technology services company located in Palo Alto, California. ![]()
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