Ariba Acquires b-process, France’s largest electronic invoice network
Company extends global e-Invoicing capabilities and leadership
SUNNYVALE, Calif., - October 19, 2011 - Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative business commerce solutions, today announced that it has closed the acquisition of b-process, a privately-held provider of France’s largest electronic invoice network and one of the largest e-invoicing networks in Europe. With the acquisition, Ariba further expands its global footprint and extends its leadership position in the market for e-invoicing solutions.
“With the dynamics of today’s global economy, companies around the world are beginning to embrace invoice automation to streamline financial processes and improve cash flow,” said Bob Calderoni, Chairman and CEO, Ariba. “With the acquisition of b-process, Ariba can help more companies enable a smart invoicing process by delivering a platform that helps them automate invoice management in more geographies than any other solution on the market.”
Certified by an independent accounting firm to handle value-added tax and invoicing regulatory requirements in 24 countries, b-process delivers a flexible set of solutions for e-Invoicing that are used by large buyer customers across industries, including: Carrefour, EADS, Eurocopter, Gefco, IATA, Marmara, Saint-Gobain and Vinci Energie. The solutions accept invoices in any type of structured format files, including positional, EDI, XML and PDF, allowing buyers and suppliers to quickly and easily connect to the b-process commerce network and begin processing invoices immediately, regardless of the AP, ERP, or other back office systems they are using.
Combined with the Ariba® Invoice Management™ suite of solutions, the offerings will enable companies to implement a touchless global invoicing process that reduces operating costs by up to 70 percent, supports complex compliance requirements, and improves business commerce collaboration. b-process transacts more than 40 million invoices annually with an estimated value of over $80 billion.
“In joining our networks and solutions, b-process and Ariba can deliver unparalleled scale and global reach that enables buyers and sellers around the world to optimize their invoicing and payment/collection processes,” said Alexis Renard, CEO, b-process. “Through the combined businesses, companies will have access to a truly global platform through which they can improve their processing flows, and thus, their competitiveness.”
Additional financial details of the transaction are available in the 8-K filed by Ariba today.
b-process is a leading electronic invoicing service provider, which offers tax compliant e-invoicing and financial supply chain services in 24 countries. It provides suppliers and buyers with an end-to-end e-invoicing data automation process, allowing the removal of all paper-related inefficiencies (printing, stamping, re-typing, validating archiving) and environmental costs for both AR and AP departments. Business partners instantly retrieve and collaborate over the invoices and their status, improving their cash-flow management thanks to early payment functionalities.
About Ariba, Inc
Ariba, Inc. is the world’s business commerce network. Ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com
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