Ariba, which provides procurement software and consulting services, said the businesses will account for about $40 million of 2010 revenue and 7 cents a share in adjusted earnings, it said in a regulatory filing.
Accenture, which will absorb 160 employees from Ariba, will enter into a four-year non-competition agreement with the latter.
The deal is expected to close in Ariba’s first quarter of fiscal 2011, ending December 31, 2010, the companies said in a statement.
Shares of Dublin, Ireland-based Accenture were trading almost flat at $45.19 Wednesday morning on the New York Stock Exchange.
Ariba’s stock was down as much as 4 percent at $18.92 on Nasdaq.
At their Tuesday close of $19.65, shares of the Sunnyvale, California-based Ariba, which have climbed consistently over the last couple of years, were at the highest in more than six years.
Reporting by Swati Chitnis in Bangalore; Editing by Vyas Mohan
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