IDC Report Names Ariba B2B Commerce Platform Market Leader in 2000
MOUNTAIN VIEW, Calif., April 10 /PRNewswire/ -- Ariba, Inc. (Nasdaq: ARBA), the leading business-to-business (B2B) eCommerce platform and network services company, was recently named the undisputed leader in the eProcurement arena by seizing 36 percent of the worldwide buy-side eProcurement market segment -- more than twice that of its closest competitor -- and 18 percent of the total eProcurement market. According to the February 2001 IDC Report, "eProcurement Applications Market Forecast and Analysis, 2000-2004," Ariba leads the market with year 2000 application license and network revenue of $375 million, over $100 million more than the closest competitor.
The report also noted that in 2000 Ariba grew faster last year than the overall market (815 percent as opposed to 167 percent) due to its powerful sales engine and key partnerships.
"There's no question that Ariba is one of the fastest-growing application vendors," noted Albert Pang, author of the report and eCommerce software research manger for IDC. "Its effective execution in the buy-side procurement applications market has given Ariba a sizable lead over others."
"Ariba understands that customers need a market leader who can provide them with a rapid implementation and immediate time to value," said Michael Schmitt, senior vice president and chief marketing officer for Ariba. "The Ariba platform of solutions delivers this by providing our customers with increased efficiencies, reduced costs and improved trading partner relationships, which significantly impact a company's bottom line."
"For the BMW Group, Ariba was the only choice. We chose them for their frictionless global platform and proven ability to execute. No one else even came close," said Robert Bauer, head of eProcurement, BMW Group.
Despite the current economic slowdown, IDC projects that the eProcurement applications market will grow to over $9 billion by 2004, a compound annual growth rate of 47 percent. eProcurement is a popular IT investment as it brings a huge amount of efficiency and savings to a company's operations and bottom line.
About Ariba, Inc.
Ariba, Inc. is the leading business-to-business (B2B) eCommerce platform and network services provider. Through the Ariba B2B Commerce Platform -- an open, end-to-end infrastructure of interoperable software solutions and hosted Web-based commerce services -- the company enables efficient online trade, integration and collaboration between B2B marketplaces, buyers, suppliers and commerce service providers. The global reach and best-of-breed functionality of the Ariba B2B Commerce Platform create Internet-driven economies of scale and process efficiencies for leading companies around the world. Ariba can be contacted in the U.S. at 650-930-6200 or at www.ariba.com.
NOTE: Ariba and the Ariba logo are registered trademarks of Ariba, Inc. Ariba B2B Commerce Platform, Ariba Buyer, Ariba Marketplace, Ariba Dynamic Trade and Ariba Commerce Services Network are trademarks of Ariba, Inc. All other trademarks are property of their respective owners.
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 such differences include, but are not limited to: delays in development or shipment of new versions of our Ariba B2B Commerce Platform; lack of market acceptance of the Ariba B2B Commerce Platform or other new 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; our ability to attract and retain qualified employees; difficulties in assimilating companies previously acquired, including Tradex, Trading Dynamics, and SupplierMarket.com; inability to expand our operations to support increased growth; the recognition of an increasing portion of revenues at the end of the quarter; declining economic conditions, including a recession; inability to control costs; changes in our pricing or compensation policies; inability to successfully manage a reduction in the company's workforce; and significant fluctuations in our stock price. These and other factors and risks associated with our business are discussed in the Company's Form 10-K filed December 29, 2000 and Form 10-Q filed February 14, 2001.
SOURCE Ariba, Inc.
CO: Ariba, Inc.
ST: California
IN: CPR NET
SU:
04/10/2001 08:02 EDT prnewswire.com |
