Ariba, Inc. (Nasdaq: ARBA), the leading provider of
collaborative business commerce solutions, today announced that it
has signed a new agreement with Storebrand ASA, a leading player in
the Nordic markets for pensions, life and health insurance, banking
and asset management. Under the terms of the agreement, Storebrand
is leveraging solutions delivered within the Ariba® Commerce Cloud
to drive a more efficient and effective process for buying goods
and services and managing costs across its operations.
“At Storebrand, our main focus is to create lean processes for
sourcing and supplier management that allow us to maximize
relationships with our trading partners and optimize our cost
structure,” said Knut Olav Melhus Hoeg, Group CPO, Storebrand.
“With the Ariba Commerce Cloud we have many of the tools we need to
make fact-based decisions that positively impact our
operations.”
Why the Ariba Commerce Cloud?
“Because another focus for Storebrand is operating in the most
lean and agile manner possible,” Melhus Hoeg said. “With the Ariba
Commerce Cloud, we don't have to build our own application
development competence and we can be up and running more quickly
and cost-effectively than we could using traditional software
solutions.”
Storebrand is currently using Ariba Sourcing™, Ariba Supplier
Performance Management™ and Ariba Contract Management™ to drive its
business goals.
“We use Ariba Sourcing to buy everything from office furniture
and IT systems and services to management of properties owned by
the group and recruitment services to consultants,” Hoeg said.
Likewise, Storebrand uses Ariba Contract Management to centrally
manage all of its purchasing agreements and ensure compliance.
“The global recession has forced all companies do more with
less, and this requires a new breed of solutions that deliver more
than just software,” said Henrik Smedberg, Ariba Nordics. “In
embracing the Ariba Commerce Cloud, Storebrand has access to
capabilities and a global community of trading partners that it can
leverage to control costs, minimize risk and manage cash flow and
operations more efficiently and effectively than ever before.”
About Storebrand
Storebrand, with roots back to 1767, is the leading player in
the Nordic markets for pensions and life insurance. In addition the
company also has business in health insurance, banking and asset
management. The company's head office is in Oslo. It has also
established life insurance, asset management and health insurance
activities in Sweden. Following the acquisition of the Swedish life
insurance and pensions provider SPP in December 2007, Storebrand is
now the Nordic region's leading provider of life insurance and
pensions.
About Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business
commerce solutions. Ariba combines industry-leading software as a
service (SaaS) technology to optimize the complete commerce
lifecycle with the world's largest web-based community to discover,
connect and collaborate with a global network of trading partners
and expert capabilities to augment internal resources and skills,
delivering everything needed to control costs, minimize risk,
improve profits and enhance cash flow and operations – all in a
cloud-based environment. Whether you’re buying, selling or managing
cash, you can do it more efficiently and effectively in the Ariba®
Commerce Cloud. Over 300,000 companies, including more than 80
percent of the Fortune 500, use Ariba’s solutions to drive more
efficient inter-enterprise commerce. Why not join them? For more
information on Ariba commerce solutions and the results they
deliver, visit www.ariba.com
Copyright © 1996 – 2010 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE, SupplyWatch, Ariba.com,
Ariba.com Network, Ariba Spend Management. Find it. Get it. Keep
it. and PO-Flip are registered trademarks of Ariba, Inc. Ariba
Procure-to-Pay, Ariba Buyer, Ariba eForms, Ariba PunchOut, Ariba
Services Procurement, Ariba Travel and Expense, Ariba
Procure-to-Order, Ariba Procurement Content, Ariba Sourcing, Ariba
Savings and Pipeline Tracking, Ariba Category Management, Ariba
Category Playbooks, Ariba StartSourcing, Ariba Spend Visibility,
Ariba Analysis, Ariba Data Enrichment, Ariba Contract Management,
Ariba Contract Compliance, Ariba Electronic Signatures, Ariba
StartContracts, Ariba Invoice Management, Ariba Payment Management,
Ariba Working Capital Management, Ariba Settlement, Ariba Supplier
Information and Performance Management, Ariba Supplier Information
Management, Ariba Discovery, Ariba Invoice Automation, Ariba PO
Automation, Ariba Express Content, Ariba Ready, and Ariba LIVE 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 impact of any
acquisitions or dispositions; 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 5, 2010.
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