WALLDORF, Germany, Nov. 14, 2012 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced that Bob Calderoni, chairman and chief executive officer of Ariba, Inc., an SAP company, has been named to the SAP Global Managing Board. The appointment follows the completion of SAP's acquisition of Ariba in October. Calderoni will oversee all cloud-related supplier assets of SAP, including the fast-growing Ariba Network, the cloud-based network from SAP for inter-enterprise collaboration.
"Under Bob's leadership, the Ariba team built a strong, fast-growing and profitable business in the cloud," said SAP Co-CEOs Bill McDermott and Jim Hagemann Snabe. "With the acquisition of SuccessFactors and now Ariba, we have become a cloud powerhouse. We congratulate Bob on joining our global managing board and helping us become a EUR2 billion, profitable cloud business by 2015."
Since joining Ariba in 2000, Calderoni has successfully transformed the company from a procurement applications vendor to the world's most powerful global business commerce network. Prior to joining Ariba, Calderoni served as senior vice president of finance and chief financial officer for Avery Dennison. Before joining Avery Dennison, he was senior vice president of finance and corporate controller for Apple Computer, Inc., and chief financial officer and vice president of finance for IBM's US$8 billion Storage Systems division. He began his career with Arthur Andersen & Company.For more information, visit the SAP Newsroom. About Ariba, an SAP Company Ariba is the world's business commerce network. Ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba ® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the Ariba Network to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com About SAP As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 197,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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