Ariba buys supply chain management software co., Procuri for $93M

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Software company Ariba, of Sunnyvale, Calif., has agreed to acquire Procuri Inc, an Atlanta provider of supply management software, for $93 million in cash and stock.

Ariba will also pay off $8 million of Procuri’s debt.

Procuri had raised about $30 million from Advent International, Insight Venture Partners and other investors.