M&A Deal Summary

Ariba Acquires FreeMarkets

On January 23, 2004, Ariba acquired information technology company FreeMarkets for 493M USD

Acquisition Highlights
  • This is Ariba’s 1st transaction in the Information Technology sector.
  • This is Ariba’s largest (disclosed) transaction.
  • This is Ariba’s 1st transaction in the United States.
  • This is Ariba’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2004-01-23
Target FreeMarkets
Sector Information Technology
Buyer(s) Ariba
Deal Type Add-on Acquisition
Deal Value 493M USD
Advisor(s) Goldman Sachs
Navidar Holdco LLC (Financial)

Target

FreeMarkets

Pittsburgh, Pennsylvania, United States
FreeMarkets is a provider of sourcing and global supply management solutions.

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Buyer(S) 1

Buyer

Ariba

Sunnyvale, California, United States
Category Company
Sector Information Technology
Employees2,600
Revenue 444M USD (2011)
DESCRIPTION

Ariba, Inc. is a provider of collaborative business commerce solutions. Ariba enables more efficient and effective buying, selling, and cash management by combining industry-leading software as a service (SaaS) commerce technology with the world's largest web-based global trading community and expert capabilities and services to augment internal resources and skills – all as a flexible, cloud-based service.

DEAL STATS #
Overall 1 of 4
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2004) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-31 Softface

Walnut Creek, California, United States

Softface, Inc. is a spending performance management company.

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