SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event Reported): October 19, 2011
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction
|807 11th Avenue, Sunnyvale, California||94089|
|(Address of Principal Executive Offices)||(Zip Code)|
Registrants telephone number, including area code: (650) 390-1000
(Former Name or Former Address, if Changed Since Last Report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Item 7.01 Regulation FD.
On October 19, 2011, Ariba, Inc. (the Company) acquired b-process for approximately 35 million in cash, which includes a portion which will be deposited in escrow to satisfy potential indemnification claims. The acquisition will give the Companys customers a wider geographic offering of e-invoice solutions making the Companys platform the most global in a growing market.
After the customary purchase accounting reduction to deferred revenue, the Company expects the acquisition to contribute roughly US$11 million in revenue and reduce non-GAAP EPS by approximately US$0.03 in fiscal year 2012. The non-GAAP EPS amount excludes amortization of intangible assets which has not yet been determined. The fiscal year 2012 revenue estimate includes approximately US$7 million of network revenue and US$4 million of related services revenue. The acquisition is expected to become accretive to non-GAAP EPS in fiscal year 2013 given that it is an earlier stage growth business and accordingly, the Company expects to scale its profitability.
The Company will report earnings for the fourth quarter of fiscal year 2011 as well as give guidance for fiscal year 2012 on October 27th.
The information contained in this Current Report on Form 8-K is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section. The information contained in this Current Report on Form 8-K shall not be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.
The information being furnished pursuant to this Item 7.01 is intended to be considered in the context of the Companys SEC filings and other public announcements that the Company may make from time to time, by press release or otherwise. The Company undertakes no duty or obligation to publicly update or revise the information contained in this report. Furthermore, no inference should be drawn from the Companys revised guidance that it will make additional updates with respect to that guidance or any other forward-looking statements made in the future.
About Non-GAAP Financial Measures
Ariba provides quarterly and annual financial statements that are prepared in accordance with generally accepted accounting principles (GAAP). The above contains non-GAAP financial information. Management reviews this non-GAAP financial information in evaluating Aribas historical and projected financial performance and believes that it may assist investors in assessing Aribas ongoing operations. The presentation of this additional financial information is not meant to be considered in isolation or as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.
Ariba Safe Harbor
Safe Harbor Statement under the Private Securities Litigation Reform Act 1995: Information and announcements in this release involve Aribas expectations, beliefs, hopes, plans, intentions or strategies regarding the future and are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Ariba as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to Aribas operating and financial results to differ materially from current expectations include, but are not limited to: the impact of the credit crises on Aribas results of operations and financial condition; delays in development or shipment of new versions of Aribas products and services; lack of market acceptance of Aribas existing or future products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; the impact of any acquisitions, including difficulties with the integration process or the realization of benefits of a transaction and the disruption or loss of customer, business partner, supplier or employee relationships and the level of costs and expenses incurred by Ariba as a result of such transactions; the impact of our disposition, including the potential disruption of our ongoing business; the ability to attract and retain qualified employees; long and unpredictable sales cycles and the deferrals of anticipated orders; declining economic conditions, including the impact of a recession; inability to control costs; changes in the companys pricing or compensation policies; significant fluctuations in our stock price; the outcome of and costs associated with pending or potential future regulatory or legal proceedings; . Factors and risks associated with its business, including a number of the factors and risks described above, are discussed in Aribas Form 10-Q filed with the SEC on August 5, 2011.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|DATE: October 19, 2011||By:|
Executive Vice President and Chief Financial