Ariba Opens Global Supplier Network with New Supplier Connectivity Offering; New Offering Extends the Benefits of the Company's Global Commerce Network to Reduce Costs and Complexity of Supplier Connectivity.ORLANDO, Fla. -- Ariba(R), Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced the availability of Ariba Supplier Connectivity at the Ariba LIVE 2005 Orlando conference. The subscription-based offering extends the benefits of the 120,000 suppliers enabled on the Ariba(R) Suppler Network(TM) to a large community of enterprise buyers and their suppliers currently using non-Ariba spend management systems. The Ariba Supplier Network is an open business transaction network. It includes 120,000 e-enabled suppliers engaging in transactions worth more than $5 billion each month with some of the world's largest buying organizations. The Network has suppliers in 115 countries and it supports ten languages. Participating buyers and suppliers can conduct business with each other electronically, managing complete transactions -- from sourcing, to orders, to payment. They can also access multiple network-delivered services to enhance interaction and collaboration among companies. "For years, Ariba customers have realized the benefits of a large, secure, global network for supplier connectivity," said Michael Schmitt, executive vice president and chief marketing officer, Ariba. "We are now extending the proven benefits of the network to even more buyers and suppliers by allowing more companies to leverage it. This will help them reduce the costs and simplify the process of connecting, transacting, and collaborating with their suppliers around the world." Ariba Supplier Connectivity is a subscription-based solution with immediate benefits for enterprises that may have standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. on a non-Ariba(R) Buyer(TM) procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. solution and are struggling with supplier enablement Supplier Enablement is the process of electronically connecting suppliers (or other trading partners) to a company's supply chain. Supplier enablement is achieved when suppliers of goods and services are connected to a company's back-office systems to exchange critical business . The offering provides benefits to both buyers and suppliers. Buyers benefit from the large, existing supplier community already connected and engaged in electronic commerce over a secure global infrastructure. Suppliers benefit from pre-established links to the purchasing processes Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements of large, global companies. The offering combines both software and services to deliver a comprehensive supplier connectivity offering. Software components include: --The Ariba Supplier Network, including ongoing functionality enhancements and upgrades --An Ariba-certified adapter A device that allows one system to connect to and work with another. An adapter is often a simple circuit that converts one set of signals to another; however, the term often refers to devices which are more accurately called "controllers. to the Ariba Supplier Network Service components include: --Adapter connection, mapping, testing and certification services --Transaction enablement services to accelerate the registration of a company's suppliers on the Ariba Supplier Network --Global supplier help desk for ongoing supplier enablement and support --Ariba technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for the Ariba Supplier Network and Ariba-certified adapter 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 - 2005 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. For example, Ariba recently settled patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. filed against it by ePlus, Inc. for $37.0 million and incurred significant related legal expenses. 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 14, 2004 and in its Form 10-Q Form 10-Q See 10-Q. filed February 9, 2005. |
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