Ariba, Inc. (NASDAQ: ARBA), the leading spend management
solutions provider, today announced that it has received a 2009
SunTrust Supplier Achievement Award. SunTrust Banks, Inc., one of
the nation's largest and strongest financial holding companies,
presented the award to Ariba for providing innovative technology
and services that have helped the institution to control costs and
deliver more efficiently for its customers.
“Ariba has exemplified what it means to be a true partner to our
company,” said Lamar Chesney, Executive Vice President & Chief
Procurement Officer, SunTrust. “Ariba provides us with an
integrated, enterprise source-to-pay solution that helps SunTrust
to more effectively manage its spend while in the support of our
many business objectives continually demonstrating flexibility and
creativity far beyond that which is expected from a typical service
provider.”
SunTrust has been using Ariba’s on-demand solutions to transform
its procurement process since 2009. SunTrust has implemented the
full suite of Ariba’s offerings to create a standard process for
managing its spend from sourcing and orders through invoice and
payment. In addition, the company leverages Ariba’s Global Services
offerings to help improve its business processes, manage its spend
and enhance and accelerate the results that it delivers.
“SunTrust is a forward-thinking organization that is
implementing leading-edge solutions and processes across its
operations to drive its business results,” said Jon Stevens, Vice
President, Ariba Consulting. “We are pleased to partner with the
leadership at SunTrust to help them to build a world-class sourcing
and procurement program that advances the company’s spend
management initiatives and delivers substantial and measurable
results.”
SunTrust joins more than 295,000 companies, including 94 of the
Fortune 100, who rely on Ariba’s solutions to control costs,
minimize risk, improve profits and increase competitive advantage.
For more information on Ariba’s offerings and the value they can
deliver, visit www.ariba.com
About SunTrust
SunTrust Banks, Inc., headquartered in Atlanta, is one of the
nation's largest banking organizations, serving a broad range of
consumer, commercial, corporate and institutional clients. As of
December 31, 2009, SunTrust had total assets of $174.2 billion and
total deposits of $121.9 billion. The Company operates an extensive
branch and ATM network throughout the high-growth Southeast and
Mid-Atlantic states and a full array of technology-based, 24-hour
delivery channels. The Company also serves clients in selected
markets nationally. Its primary businesses include deposit, credit,
trust and investment services. Through various subsidiaries the
Company provides mortgage banking, insurance, brokerage, investment
management, equipment leasing and capital markets services.
SunTrust’s Internet address is SunTrust.com.
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 – 2010 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 February 5, 2010.
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