Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions
provider, today announced that it has received the Frost & Sullivan 2009
Customer Value of the Year Award. A leading third-party growth
consulting firm, Frost & Sullivan selected Ariba for the prestigious
annual award based on its ability to deliver an end-to-end on-demand
suite of spend management solutions that provides unmatched
value-to-cost proposition and faster return on investment (ROI) than any
other vendor in the market.
"The sliding global economy and its slow recovery rate are driving
end-users to prefer technology-based solutions combined with superior
domain expertise in order to experience rapid ROI benefits,” said
Muthuraman Ramasamy, research analyst, Frost & Sullivan. "While solution
providers are struggling to meet these market requirements, Ariba
delivers both through its cutting-edge on-demand suite of solutions,
enabling end-users to experience complete product utilization and making
the company one of the most preferred spend management solution
providers.”
Designed to recognize companies that demonstrate excellence in customer
value creation through products and services that drive increased
profitability and reduced life cycle costs, the Frost & Sullivan
Excellence in Customer Value of the Year Award is granted annually to a
company that continually focuses on addressing changing customer needs
and demonstrates unparalleled commitment to technological innovations by
delivering products to meet these needs. Ariba was selected on the basis
of its:
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Responsiveness to customer needs
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Technological innovation and leadership
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Value-added services designed to increase and accelerate ROI and lower
total cost of ownership
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Strategic mergers and acquisitions or joint ventures that have created
additional value for customers
"Ariba’s presence across diverse industry verticals, its best-in-class
sourcing network and its technological capability to deliver an
integrated end-to-end spend management platform that maximizes business
profitability for its end-users is truly praiseworthy,” added Ramasamy.
"At Ariba we are totally focused on creating value for the companies who
rely on our solutions to manage their costs on a daily basis because we
know that if they don’t succeed, neither do we,” said Tim Minahan, Chief
Marketing Officer, Ariba. "We are honored to be recognized by Frost &
Sullivan for our efforts and will continue to develop and deliver
solutions that push the boundaries of what is possible with spend
management and enable our customers to achieve their most strategic
goals.”
Over 1,000 companies around the world, including more than half of the
Fortune 100, use Ariba solutions to manage their supply chains from
end-to-end – from sourcing and orders through invoicing and payment. To
learn more about Ariba’s solutions and the results they can deliver,
please visit www.ariba.com.
To read more about Ariba and the Frost & Sullivan 2009 Customer Value of
the Year Award, visit: www.awards.frost.com
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to
accelerate growth and achieve best in class positions in growth,
innovation and leadership. The company's Growth Partnership Service
provides the CEO and the CEO's Growth Team with disciplined research and
best practice models to drive the generation, evaluation, and
implementation of powerful growth strategies. Frost & Sullivan leverages
over 45 years of experience in partnering with Global 1000 companies,
emerging businesses and the investment community from more than 35
offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
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.