Ariba Expands Spend Management Services in Prague; Company Offers Broader Range of Commodity Expertise and Spend Management Support to Help Customers Better-Leverage Emerging Markets in Central and Eastern Europe.SUNNYVALE, Calif. -- Ariba(R), Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced that it has expanded its spend management offerings in Prague, Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. as part of its strategy to help companies and suppliers of all sizes better leverage sourcing opportunities in emerging markets across Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. . Building on the strength of the sourcing support it has been providing in Prague since 2004 and responding to customer demand, Ariba has broadened its offerings in the region to include a comprehensive range of commodity expertise and spend management services. "Low-cost country sourcing Low-cost country sourcing (LCCS) is a procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. continues to be a top priority for companies around the world," said Daryl Rolley, Senior Vice President and General Manager, Ariba International Operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . "With our deep understanding of global markets, extensive knowledge of local supply bases, extensive commodity expertise and singular focus on spend management, Ariba is uniquely qualified to partner with companies who are looking to grow their emerging supply base, build resilience resilience (r  ·zilˑ·yens),n into their global supply chain and discover new opportunities to extend spend management." Ariba has more than 400 commodity experts and 700 spend management professionals serving companies worldwide. Since June 2005, the company has grown its team in Prague from five to more than 60 to better serve the growing number of European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. and multinational firms sourcing and manufacturing in the region. And an increasing number of companies on both the buy and sell side are taking advantage of these capabilities to drive strategic business initiatives and generate results. "Before being contacted by Ariba, we had been trying for several years to become a new supplier to a Tier One automotive supplier without success," said Radim Hybl, Project Manager of NovaTech CZ, s.r.o., a Czech company that specializes in the production of precise technical plastic parts for automotive cooling systems cooling systems for housed animals include spraying of roofs with water, evaporative pads with fans, foggers and misters; for pastured animals shelter from the sun by trees or artificial shade devices and cooling ponds are used. , pedals, and sensor holders. "After successfully participating in an Ariba sourcing project, we won a pilot contract with the company that resulted in a much wider cooperation which we expect will not only drive economic growth, but technical development and further stability that will position us well in the face of strong competition in the plastics industry in the Czech Republic and Europe as a whole." With the expansion of its operations in Prague, Ariba provides a comprehensive range of spend management services to companies in the region. "While China and India continue to be a focus for many organizations, an increasing number are looking to the frontiers of Eastern and Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. ," said Kent Parker, Executive Vice President and General Manager, Ariba Global Services Organization. "Through our in-depth expertise on market dynamics, knowledge of local suppliers and over 60 on-the-ground experts, we are well positioned to help companies evaluating these markets quickly develop a sound supply base that can support their operations and drive lower total costs." Offered in more than 30 languages, Ariba's spend management services help companies maximize opportunities for savings and accelerate their results and include: Sourcing Support -- Companies looking to tap emerging markets can leverage Ariba's category knowledge and numerous onsite low-cost country sourcing experts to identify qualified local suppliers to enhance and accelerate their results. Spend Visibility and Spend Analysis -- To get the most from an emerging market strategy, companies must go beyond low-cost country sourcing and analyze their spend at an operational, country and global level to ensure they're getting proper leverage. With Ariba's leading edge visibility and analysis technology, local language capabilities, understanding of market dynamics and supporting services, companies can quickly, easily and cost efficiently analyze and interpret their spend data. Managed Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. -- Sometimes it just doesn't make sense to manage in-house the procurement of certain categories. With Ariba Managed Procurement Services, customers have outsourced all or a portion of their spend to a team of commodity experts, sourcing specialists and spend management professionals who manage the process from end to end. In addition to the full spectrum of Ariba sourcing, visibility and analysis services, Ariba Managed Procurement Services customers in Europe are now supported with requisition A written demand; a formal request or requirement. The formal demand by one government upon another, or by the governor of one state upon the governor of another state, of the surrender of a fugitive from justice. The taking or seizure of property by government. and invoice management services. "When it comes to achieving spend management results, our commodity expertise and services have proven to be a key difference maker -- particularly in emerging countries," said Premysl Pela, Managing Director of Ariba EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. Operations for the Ariba Global Services Organization in Prague. "By expanding our offerings in Prague, we can help an increasing number of companies tap the potential of a complex and rapidly-growing market to move beyond simply lowering costs and create sustainable competitive advantage." About Ariba, Inc. Ariba, Inc. is the leading provider of Spend Management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management software and services. Ariba can be contacted in the U.S. at 650-390-1000 or at www.ariba.com. Copyright (C) 1996-2006 Ariba, Inc. Ariba and the Ariba logo are registered trademarks of Ariba, Inc. Ariba Spend Management, Ariba Spend Management. Find it. Get it. Keep it., Ariba. This is Spend Management, Ariba Solutions Delivery, Ariba Analysis, Ariba Buyer, Ariba Category Management, Ariba Category Procurement, Ariba Contract Compliance, Ariba Contracts, Ariba Contract Management, Ariba Contract Workbench, Ariba Data Enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. , Ariba eForms, Ariba Sourcing, Ariba Invoice, Ariba Travel & Expense, Ariba Workforce, Ariba Supplier Network, Ariba Supplier Performance Management, Ariba PunchOut, Ariba QuickSource, PO-Flip, Ariba Settlement and Ariba Spend Management Knowledge Base are trademarks or service marks of Ariba, Inc. Ariba Proprietary and Confidential. All rights reserved. Patents pending. All other trademarks are property of their respective owners. Ariba Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 1995: Information and announcements in this release involve Ariba's expectations, beliefs, hopes, plans, intentions or strategies regarding the future and are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Ariba as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to Ariba's operating and financial results to differ materially from its current expectations include, but are not limited to: delays in development or shipment of new versions of Ariba's products and services; lack of market acceptance of Ariba's existing or future products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; the ability to attract and retain qualified employees; difficulties in assimilating as·sim·i·late v. as·sim·i·lat·ed, as·sim·i·lat·ing, as·sim·i·lates v.tr. 1. Physiology a. To consume and incorporate (nutrients) into the body after digestion. b. acquired companies; long and unpredictable sales cycles and the deferrals of anticipated orders; declining economic conditions; inability to control costs; changes in the company's pricing or compensation policies; significant fluctuations in our stock price; the outcome of and costs associated with pending or potential future regulatory or legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. ; the impact of our acquisitions, including the disruption or loss of customer, business partner, supplier or employee relationships; and the level of costs and expenses incurred by Ariba as a result of such transactions. Factors and risks associated with its business, including a number of the factors and risks described above, are discussed in Ariba's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed December 7, 2005 and in its Form 10-Q Form 10-Q See 10-Q. filed February 8, 2006. |
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