Ariba is the creator and provider of the Ariba Network, a cloud-based B2B marketplace where buyers and suppliers can find each other and do business within a single, networked platform.
The platform provides a user-friendly interface that will seem intuitive for anyone who shops online. Like eBay or Amazon, Ariba supports both sellers and buyers. The platform provides sellers with the ability to manage catalogs, bids, purchases and invoices and it provides buyers with the ability to search for suppliers, negotiate savings, procure goods and services and track spend. Unlike consumer marketplaces, however, Ariba has additional features to help with RFQs, RFPs, RFOs, compliance and other business concerns.
SAP purchased Ariba Inc. in May 2012 for about $4.3 billion. As of July 2014, roughly 1.5 million companies use the Ariba Network, according to SAP.