upside.com
Ariba: An E-commerce Rising Star
May 12, 1999
by Natalie Fonseca
In just three years, Ariba Technologies Inc. has turned the less-than-glamorous business of operating resource-procurement management--buying supplies and parts online--into a thriving enterprise. In addition to its flagship product, called Ariba ORMS (Operating Resource Management System), in March the software company launched the Ariba.com Network, an online business-to-business commerce platform that links buyers and suppliers.
The privately held company, based in Sunnyvale, Calif., doesn't disclose financial information. However, its investors certainly must like what they're seeing--at the close of the company's second round of venture funding (it's raised $21.9 million in total), its valuation was estimated at a whopping $113 million. And that was prior to signing deals with heavy-hitting customers like General Motors Corp. and Philips Electronics NV.
All of these factors explain why, more than any other company, our Hot 100 industry advisers named Ariba as one of the hottest private companies in high tech.
Without tipping our hand about Ariba's Hot 100 Advisers' Choice award, Upside spent some time picking the brain of co-founder and CEO Keith Krach. So what does he think is making this startup so damn hot? You may be surprised to learn that Ariba's recipe for success begins with the bottom line.
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More @ link....
The filing of Ariba's S-1 on 4/23/99 details the financials of the company. Perhaps the interview was made before and would explain the omission in the article. Whatever the reason it does not take away from the interview.
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