Tech Company M&A Transactions

Procuri Acquisition

On 9/20/2007, Procuri was purchased by Ariba. The transaction price was $101 million.

Transaction Overview

Company Name
Acquired By
Announced On
9/20/2007
Transaction Type
M&A
Amount
$101,000,000
M&A Terms
Under the terms of the agreement, Ariba will deliver $93 million in consideration at closing, consisting of equal amounts of cash and stock, of which $14M of the cash will be placed in escrow to secure indemnity obligations of Procuri stockholders. Ariba will also pay off approximately $8 million of Procuri's debt.

Company Information

Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
15 Piedmont Ctr NE 1100
Atlanta, GA 30305
USA
Email Address
Not Recorded
Overview
Procuri delivers strategic sourcing solutions, services and knowledge to Global 2000 enterprises. Customers report average cost savings of nearly 25 percent in the procurement of direct and indirect materials and services and cycle time reductions of up to 75 percent.
Profile
Procuri LinkedIn Company Profile
Social Media
Procuri Company Twitter Account
Company News
Procuri News
Facebook
Procuri on Facebook
YouTube
Procuri on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Mark Morel
  Mark Morel LinkedIn Profile  Mark Morel Twitter Account  Mark Morel News  Mark Morel on Facebook
Chief Financial Officer
Michael O'Donnell
  Michael O'Donnell LinkedIn Profile  Michael O'Donnell Twitter Account  Michael O'Donnell News  Michael O'Donnell on Facebook
Chief Technical Officer
Steve Brooke
  Steve Brooke LinkedIn Profile  Steve Brooke Twitter Account  Steve Brooke News  Steve Brooke on Facebook
Executive Vice President
John Madrid
  John Madrid LinkedIn Profile  John Madrid Twitter Account  John Madrid News  John Madrid on Facebook
Vice President
Tobias Hannon
  Tobias Hannon LinkedIn Profile  Tobias Hannon Twitter Account  Tobias Hannon News  Tobias Hannon on Facebook
Vice President
Rodney True
  Rodney  True LinkedIn Profile  Rodney  True Twitter Account  Rodney  True News  Rodney  True on Facebook
VP - Marketing
Tim Minahan
  Tim Minahan LinkedIn Profile  Tim Minahan Twitter Account  Tim Minahan News  Tim Minahan on Facebook
VP - Operations
Marie Gunn
  Marie Gunn LinkedIn Profile  Marie Gunn Twitter Account  Marie Gunn News  Marie Gunn on Facebook
VP - Product Management
Mark Wright
  Mark Wright LinkedIn Profile  Mark Wright Twitter Account  Mark Wright News  Mark Wright on Facebook
VP - Sales
Jeff Wilson
  Jeff Wilson LinkedIn Profile  Jeff Wilson Twitter Account  Jeff Wilson News  Jeff Wilson on Facebook


 

 

Browse more venture capital transactions:

Prev: 9/19/2007: Amyris venture capital transaction
Next: 9/20/2007: PeopleCube venture capital transaction

 

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