Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions
provider, today announced its inclusion on Software Magazine’s Software
500, a revenue-based ranking of the world’s largest software and
services providers. Now in its 27th year, the Software 500 is designed
to help CIOs, senior IT managers and IT staff research and create a
short list of business partners by providing a quick reference of vendor
viability. Ariba was ranked 121 on the list, based on 2008 software and
services revenue of $328 million.
"The 2009 Software 500 results show that revenue growth in the software
and services industry was healthy, with total Software 500 revenue of
$491.3 billion worldwide for 2008 representing 8.8% growth from the
previous year,” says John P. Desmond, editor of Software Magazine and
Softwaremag.com.
In evaluating companies, Software Magazine collected financial
information through a survey prepared by King Content Co. and posted at www.Softwaremag.com,
as well as from public documents. The magazine then ranked companies
based on total software and services revenue for 2008, which includes
revenues from software licenses, maintenance and support, training and
software-related services and consulting.
"No one can be certain when the global recession will end. But one thing
is certain – when it does, we will be operating under a new state of
normal that will require businesses to be more agile than ever before,”
said Ahmed Rubaie, Chief Financial Officer, Ariba. "Our flexible,
SaaS-based delivery model and spend management focus provides the
foundation upon which companies can build the kind of agile supply chain
that will be required to deliver results. As a result, we continue to
see demand for our solutions from companies of all sizes across
industries and geographies. We are pleased to be recognized for our
performance by Software Magazine as part of the 2009 Software 500.”
To view the complete 2009 Software 500 rankings, visit www.Softwaremag.com
About Digital Software Magazine, the Software Decision Journal and
Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a
brand name in the high-tech industry for 30 years. Softwaremag.com, its
Web counterpart, is the online catalog to enterprise software and the
home of the Software 500 ranking of the world’s largest software and
services companies. Software Magazine and Softwaremag.com are owned and
operated by King Content Co.
About Ariba, Inc.
Ariba, Inc. is the leading provider of on-demand spend management
solutions. Our mission is to transform the way companies of all sizes,
across all industries, and geographies operate by delivering technology,
service, and network solutions that enable them to holistically source,
contract, procure, pay, manage, and analyze their spend and supplier
relationships. Delivered on demand, our enterprise-class offerings
empower companies to achieve greater control of their spend and drive
continuous improvements in financial and supply chain performance. More
than 1,000 companies, including more than half of the companies on the
Fortune 100, use Ariba solutions to manage their spend from sourcing and
orders through invoicing and payment. For more information, visit www.ariba.com
Copyright © 1996 – 2009 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE, SupplyWatch, Ariba.com, Ariba.com
Network and Ariba Spend Management. Find it. Get it. Keep it. are
registered trademarks of Ariba, Inc. Ariba Spend Management, 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, Ariba eForms, Ariba Invoice,
Ariba Payment, Ariba Sourcing, Ariba Spend Visibility, Ariba Travel and
Expense, Ariba Procure-to-Pay, Ariba Workforce, Ariba Supplier Network,
Ariba Supplier Connectivity, Ariba Supplier Performance Management,
Ariba Content Procurement, Ariba PunchOut, Ariba QuickSource, PO-Flip,
Ariba Spend Management Knowledge Base, Ariba Ready, Ariba Supply Lines,
Ariba Supply Manager, Ariba LIVE, It’s Time for Spend Management and
Supplier Lifecycle Management are trademarks or service marks of Ariba,
Inc. All other brand or product names may be trademarks or registered
trademarks of their respective companies or organizations in the United
States and/or other countries.
Ariba Safe Harbor
Safe Harbor Statement under the Private Securities Litigation Reform Act
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 current
expectations include, but are not limited to: the impact of the credit
crises on Ariba’s results of operations and financial condition; 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,
long and unpredictable sales cycles and the deferrals of anticipated
orders; declining economic conditions, including the impact of a
recession; 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; 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-Q filed with the SEC on August
7, 2009.