Ariba finalizes acquisition of Procuri
Company to emphasize growth in the mid-market
By Maria Varmazis -- Purchasing, 12/18/2007 6:19:00 PM
Sunnyvale, Calif.-based spend management software provider Ariba has finalized its acquisition of Procuri. Tim Minahan, formerly of Procuri and now chief marketing officer at Ariba, says the company will start announcing the specifics of how the two companies’ software suites will merge over the next 18-24 months.
The Ariba-Procuri deal was originally announced in September.
“Existing customers can expect to continue to get the same level of support with Ariba and Procuri products for the foreseeable future,” Minahan told Purchasing.com. He did not anticipate that any features or services will be dropped from either software line.
Given Procuri’s customer base in the mid-market, Minahan anticipates that Ariba will seek to improve and expand operations with mid-market customers, an area that shows strong potential for further growth, while continuing to roll out on-demand software (or “software-as-a-service”).
“[This acquisition] provides a good foundation for Ariba to bring spend management to the masses,” Minahan said.
See also: On-demand brings spend control to the masses
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