With the bursting of the dot-com bubble, Ariba's stock price fell dramatically in July 2001 to its IPO level, where it remained for the rest of its life as an independent company. 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. Note: Suppliers with an active Ariba Commerce Cloud account not previously registered with SaskTel, must ensure they login using their existing Ariba account ID to register with SaskTel as the first step in the registration process.SAP Ariba is an American software and information technology services company located in Palo Alto, California. Suppliers not registered and approved with SaskTel’s Ariba e-sourcing tool, will not be able to participate in this opportunity.

Suppliers not yet registered with SaskTel’s Ariba domain, must first complete the Self Registration process by clicking on the link provided below. Suppliers interested in participating in this opportunity must do so via SaskTel’s e-Sourcing tool with Ariba.

Ariba commerce cloud registration