The German business software firm, SAP, has announced that it is to acquire US software maker, Ariba.
The deal, valued at $4.3bn (£2.7bn; 3.4bn euros) marks a big push by SAP into the world of so-called cloud computing.
Ariba makes web-based software that connects suppliers and buyers online.
SAP, the world's biggest software maker is competing against US rival Oracle for dominance of 'the cloud', where growth is set to soar in future.
"The cloud has profoundly changed the way people interact," said SAP co-chief executives Bill McDermott and Jim Hagemann Snabe said in a statement.
"Cloud-based collaboration is redefining business network innovation, and we are catching this wave in the early stage of its evolution," they said
Source & Image : BBC
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