PPRO+ARBA News today..This is HUGE!!!!
Further Extends Ariba Network's Reach to Small and Midsize Businesses
LAS VEGAS and SUNNYVALE, Calif., Sept. 28 /PRNewswire/ -- PurchasePro.com
(Nasdaq: PPRO) and Ariba, Inc. (Nasdaq: ARBA) today jointly announced their
intent to form a strategic alliance and Internet revenue sharing arrangement
under which PurchasePro.com will connect its business community to the Ariba
Network(TM) platform, the industry's leading business-to-business eCommerce
platform on the Internet.
Under the arrangement, PurchasePro.com customers will be able to buy from
the suppliers already integrated with the Ariba Network platform. In
addition, PurchasePro.com community members will gain access to Ariba Network
services, including transaction routing, business directory services,
aggregated supplier content, content management, and supplier registration and
configuration services.
This strategic relationship would increase the reach of the Ariba Network
platform by electronically connecting the suppliers found on PurchasePro.com's
network to buying organizations using the Ariba(R) eCommerce solution.
Ariba's customer base, which already includes more than ten percent of Fortune
100 companies, collectively spends more than US$138 billion annually on
operating resources, the operating goods and services required for daily
operations. In addition, suppliers registered with the Ariba Network platform
could easily sell to PurchasePro.com's small and medium-sized buying
customers. The strategic relationship demonstrates Ariba's strategy to create
new, significant on-ramps to the Ariba Network platform.
In addition, PurchasePro.com has signed on to become a sustaining partner
in Ariba's Commerce XML (cXML) initiative. More than 90 companies, including
Microsoft and WebMethods, now support cXML. PurchasePro.com will integrate
its buyer and supplier base with the Ariba Network platform via cXML, further
endorsing cXML as the dominant, open industry standard for
business-to-business eCommerce for both buy-side and sell-side applications.
"I believe our relationship with PurchasePro.com will accelerate the
network effect around the Ariba Network platform and increase the adoption of
cXML on the Internet," said Keith Krach, president and CEO at Ariba. "Working
with PurchasePro.com further extends our Internet channel strategy to make
on-ramps to the Ariba Network platform more ubiquitous and extend the value
added benefits of network-based commerce to all businesses, large and small."
ABOUT PURCHASEPRO.COM
PurchasePro.com, Inc. is a leading provider of Internet
business-to-business electronic commerce services. The company's e-commerce
solution is comprised of public and private "e-marketplaces" where businesses
can buy and sell a wide range of products and services in an efficient,
competitive and cost-effective manner. Its target customers are primarily
small to medium sized businesses. The company has designed its e-marketplaces
to meet the needs of these customers and their large business partners.
It is providing services to develop and maintain private e-marketplaces
for Building One Services, Best Western International and Prime Hospitality.
Its public e-marketplace members include Caesars Palace, Carnival Cruise
Lines, MGM Grand, Mission Industries, Nevada Power Company, Park Place
Entertainment and the Phoenix Suns.
A key element of its strategy is to develop sales and marketing
relationships. These relationships include Office Depot, Inc., VerticalNet,
Zoomtown.com, a Cincinnati Bell subsidiary, the Greater Phoenix Chamber of
Commerce and the American Association of Franchisees and Dealers. The Company
provides extensive support and training programs. For more information, call
toll free at 888-830-4600 or in Las Vegas at 702-316-7000. You can also
access PurchasePro.com, Inc. at its Web site, www.purchasepro.com.
ABOUT ARIBA, INC.
Ariba, Inc. is the world's leader in business-to-business electronic
commerce services and software for operating resources, the non-production
goods and services companies require for day-to-day operations. The company
provides the Ariba Network platform, the industry's leading open, global
platform for business-to-business commerce on the Internet. Together, Ariba's
software and services leverage the Ariba Network platform to automate and
integrate the internal and external commerce processes of buyers, suppliers,
and value-added service providers, delivering a global eCommerce
infrastructure that provides cost saving and revenue opportunities for
businesses of all sizes. Ariba can be contacted in the U.S. at 408-543-3800
or at www.ariba.com.
This press release includes forward looking statements which are subject
to a number of risks and uncertainties, including the risks and uncertainties
associated with the non-legally binding nature of the letter of intent between
PurchasePro.com and Ariba and the risk the parties may not sign a legally
binding definitive agreement, the risks of rapidly changing technologies such
as the Internet, the risks of technology development and the risks of
competition. Actual results could differ materially. For more information
about these risks and uncertainties as they relate to PurchasePro.com, see the
SEC filings of PurchasePro.com, Inc., including the section entitled "Risk
Factors" in its Prospectus dated September 13, 1999 which is available from
the company on request and on the Internet at the SEC's Website, www.sec.gov.
Additional information about these risks and uncertainties as they relate to
Ariba, is contained in its SEC filings, including the section entitled "Risk
Factors" in its Prospectus dated June 23, 1999, which is available from the
company or on the SEC's Web site.
NOTE: Ariba is a registered trademark of Ariba, Inc. Ariba ORMS and Ariba
Network are trademarks of Ariba, Inc. Purchase Pro and PurchasePro.com are
trademarks of PurchasePro.com, Inc. Allother products or company names
mentioned are used for identification purposes only, and may be trademarks of
their respective owners.
SOURCE Ariba, Inc.
-0- 09/28/1999
/CONTACT: Michele McMahon-Cost of Blanc & Otus, 415-912-2339, or
michelemc@bando.com, for Ariba, Inc.; or Dave Wilt of Ariba, 408-990-7584, or
dwilt@ariba.com/
/Web site: http:// www.purchasepro.com/
/Web site: ariba.com
(ARBA PPRO)
CO: Ariba, Inc.; PurchasePro.com, Inc.
ST: California, Nevada
IN: CPR MLM
SU: LIC JVN
JN-EB
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