Accenture to buy Ariba's BPO assets for $51 million

Technology outsourcing and consulting firm Accenture said it would buy Ariba Inc's consulting services and BPO assets for $51 million in cash. Ariba, which provides procurement software and consulting services, said in a regulatory filing, the businesses will account for about $40 million of 2010 revenue and 7 cents a share in adjusted earnings.

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.

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