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:
- Responsiveness to customer
needs
- Technological innovation and
leadership
- Value-added services designed to
increase and accelerate ROI and lower total cost of ownership
- 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.
Ariba (NASDAQ:ARBA)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Ariba (NASDAQ:ARBA)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
