Ariba and Softface Team to Deliver Advanced Spend Visibility, Analysis, Data Classification and Enrichment Across All Spend Systems.Business Editors/High-Tech Writers SUNNYVALE, Calif. & WALNUT CREEK Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif.--(BUSINESS WIRE)--Nov. 19, 2003 PPG PPG Points Per Game (basketball player statistic) PPG Power Play Goals (hockey) PPG Planning Policy Guidance (UK) PPG Programmable Pulse Generator PPG Power Puff Girls To Use Ariba and Softface Solutions For Visibility and Analysis of $5.5 B Annual Spend Ariba(R), Inc. (Nasdaq:ARBA), the leading Enterprise Spend Management (ESM (1) (Enterprise Storage Management) Managing the online, nearline and offline storage within a large organization. It includes analysis of storage requirements as well as making routine copies of files and databases for backup, archiving, disaster recovery, ) solutions provider, and Softface, Inc., the Spending Performance Management Company, today announced that they have teamed to provide customers with advanced enterprise spend visibility solutions for managing global spend across multiple ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and legacy systems. Under the agreement, Ariba and Softface will be able to engage in joint sales and marketing activities, and provide customers with integration support for an end-to-end process. The Ariba and Softface alliance will enable mutual customers to leverage Softface's spend data enrichment and classification software with the Ariba(R) Analysis(TM) solution to achieve faster, richer and more precise spend visibility and analysis. Companies can use Softface's software to automate the process of standardizing, enriching and classifying spend data across multiple systems, to provide a richer view of global spend within Ariba Analysis. Ariba Analysis provides a single global view with a best-of-breed spend data model, over 150 pre-delivered reports and seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with other Ariba Spend Management solutions, giving customers strategic insights to plan and manage their spend across the entire source-to-pay process. PPG Industries PPG Industries (NYSE: PPG) was founded in 1883 as the Pittsburgh Plate Glass Company. PPG is an American manufacturer of glass and chemical products, including automotive safety glass. , a Pittsburgh-based global supplier of glass, coatings, fiberglass and chemicals, recently selected solutions from both Ariba and Softface to provide a complete solution for its enterprise spend visibility requirements. "With over 20 different data sources and $5.5 billion of annual spend, PPG needed a proven solution to structure this information and provide visibility to enable us to better plan and manage our corporate-wide spend," said Jim Polak, Director of General Purchasing at PPG. "We feel that the combination of Ariba Analysis, the Softface Procurement Intelligence Suite, and spend management domain knowledge from the Ariba Solutions Delivery team, will provide PPG with accurate spend data and improved visibility allowing us to increase the velocity and savings from our sourcing process." "Working with Softface enables Ariba to provide its customers with an automated approach to addressing the difficult problem of rationalizing and classifying spend data across multiple enterprise systems," said Michael Schmitt, Executive Vice President and Chief Marketing Officer, Ariba. "When a customer starts out with the cleanest, most reliable spend data possible, this enhances the power and success of their spend analysis and sourcing efforts and sets them on the right path for enterprise spend management success." "Procurement professionals need more granular information than what traditional ERP systems can offer today," said Olivier Sermet, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Softface. "Both the Ariba and Softface approaches are very spend-centric, and our complementary solutions enable joint customers to obtain, analyze and use the best possible data from across all information repositories in order to make optimal sourcing and purchasing decisions." "Spend analysis is the first phase of a successful spend management strategy," said Tim Minahan, Vice President, Supply Chain Research, Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. . "The combination of Ariba and Softface technologies and services provides an automated and repeatable solution to empower enterprises to capture, cleanse, and classify spend data in order to make more informed spend management decisions." About Ariba, Inc. Ariba, Inc. is the leading Enterprise Spend Management (ESM) solutions provider. Ariba helps companies develop and leverage spend management as a core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
About Softface, Inc. Softface is the Spending Performance Management Company. Our Global 2000 customers leverage our software solutions to identify savings opportunities they previously could not find. Softface's analytic, compliance, and performance measurement solutions rest upon Softface's core technology architecture that automates the process of transforming previously unusable product, services, and supplier data into richly structured information. Instead of having to justify and wait for expensive enterprise system consolidations or purchasing system replacements, Softface customers attain the enterprise-wide spending visibility they need to quickly and dramatically reduce indirect and direct spending. As a result, Softface customers have a repeatable and dependable solution that optimizes profits and improves cash flow. Softface's Global 2000 customers include PPG Industries, Royal Caribbean Cruise LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability , Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. , Hagemeyer North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and Wilson Supply. Softface is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. located in Walnut Creek, California Walnut Creek is a largely affluent suburb several miles east of Oakland in Contra Costa County, California, USA, in the East Bay region of the San Francisco Bay Area. While not as large as the neighboring Concord, Walnut Creek serves as the business and entertainment hub for the . For more information on Softface, visit the company's web site at www.softface.com or call toll-free 1-866-763-8322. Ariba and the Ariba logo are registered trademarks of Ariba, Inc. Ariba Spend Management, Ariba Analysis, Ariba Buyer, Ariba Category Management, Ariba Contracts, Ariba Travel & Expense, Ariba Workforce, Ariba Invoice, Ariba eForms, Ariba Enterprise Sourcing, Ariba Supplier Network, BPM Services, Power Sourcing, Total Spend Capture and PO-Flip are trademarks or service marks of Ariba, Inc. All other trademarks are property of their respective owners. Softface, Softface Content Console, Softface Procurement Intelligence Console, Softface Designer, Softface Engine, Softface Procurement Intelligence Suite, and Softface Enterprise Content Suite are trademarks of Softface, Inc. All other company and product names mentioned herein are trademarks or registered trademarks of their respective holders. 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 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 acquired companies; the impact of recent workforce reductions on Ariba's operations; lengthening sales cycles and the deferrals of anticipated orders; declining economic conditions, including a recession; inability to control costs; changes in the company's pricing or compensation policies; inability to successfully manage a reduction in the company's workforce; significant fluctuations in our stock price; the outcome of 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. relating to the restatement of our financial statements; the possibility that stockholders or regulatory authorities may initiate additional proceedings against Ariba and/or our officers and directors as a result of the restatements; and the level of professional fees and expenses incurred by Ariba in connection with its previously disclosed accounting review and associated regulatory and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. proceedings. 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 April 10, 2003 and in its Form 10-Q Form 10-Q See 10-Q. filed August 11, 2003. |
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