Ariba acquires Quadrem

Ariba have just announced an agreed take-over of Quadrem, the privately owned,  Netherlands-based provider of supply networks and on-demand supply management services.

Ariba "will pay a total of $150 million, comprised of an upfront payment of $75 million in cash and $50 million in stock, and a holdback payment of $25 million, subject to performance conditions, payable 36 months after the close in either cash or stock."

Quadrem have 70,000 suppliers in their network across 65 countries and are particularly focused on minerals, metals and mining. Large customers include Alcoa, Anglo-American, BHP Billiton and Rio Tinto.

Much more here from Jason including thoughts on the rationale for Ariba and likely future direction for Quadrem.

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