Bangalore:  Yet another massive acquisition by SAP one of the largest makers of enterprise application software, this time the company has snapped up Ariba a cloud based ecommerce company. The acquisition is worth $4.3 billion in which SAP has paid $45 per share that would be 20 percent more than Ariba's May 21 closing price.

SAP’s chief financial officer Werner Brandt in a conference call said that the transaction, by the approval of Ariba shareholders and regulators, will probably be completed by the end of August reports Economic Times.

Ariba is one if the leading company in cloud-based collaborative commerce applications is headquartered in Sunnyvale which connects to than 730,000 suppliers and has approximately 2,600 employees.

Earlier SAP had acquired a cloud company SuccessFactors for $3.4 billion in December, these aquisitions clearly highlights that SAP is putting maximum effort to transform itself from an old-school enterprise software company into a cloud company. Nevertheless, the company has also struggled for years to come up with successful cloud strategies.

SAP co-CEO Bill McDermott said that "We don't have the DNA in the cloud," in addition he also added that "We're probably the most strategic cloud player in the enterprise software industry."

This acquisition of Ariba would be largest enterprise software deal since Hewlett-Packard’s acquisition of Autonomy Corp. for which they paid more than $10 billion last year according to Bloomberg report.