To: William F. Wager, Jr. who wrote (376 ) 9/27/1999 3:25:00 PM From: William F. Wager, Jr. Respond to of 2110
KEY WHITE HOUSE TECHNOLOGY STRATEGIST TO ADDRESS ARIBA PR Wire September 27, 1999, 11:53 a.m. PT Business-to-Business e-Commerce Forum Gore Advisor to Discuss eCommerce Issues, Future of the Internet Economy SUNNYVALE, Calif., Sept. 27 /PRNewswire/ -- Ariba, Inc. (Nasdaq: ARBA), the leader in business-to-business eCommerce solutions for operating resources, today announced that Greg Simon, a key strategic technology advisor to Vice President Al Gore, will present at the twelfth Ariba User Group and Advisory Council, "Building Partnerships for Business-to-Business eCommerce," on September 28 in Burlingame, Calif. A former Chief Domestic Policy Advisor to the White House, Mr. Simon will discuss the political environment for business-to-business electronic commerce and how Administration policies will shape electronic commerce in the 21st century. Greg Simon was Vice President Al Gore's top technology advisor in the White House from 1993 until March 1997. He also served as Chief Domestic Policy Advisor in the Office of the Vice President. Prior to that he served with Senator Gore as Issues Director during the 1992 presidential campaign. He now advises Vice President Gore on strategic technology issues. "As busines-to-business eCommerce continues to drive the economy and create never-before imagined business opportunities, Ariba recognizes that public policy will play a pivotal role in shaping the evolving Internet economy," said Keith Krach, president and CEO at Ariba. "Ariba is pleased to provide conference attendees the opportunity to hear first-hand how the U.S. Government is responding and how it will impact their businesses." Mr. Simon joins a distinguished list of presenters that include Wall Street's top-ranked Internet analyst, Mary Meeker, managing director at Morgan Stanley Dean Witter, who will give a keynote speech on the impact of business-to-business eCommerce on the Internet economy. Patricia Seybold, best selling author of "Customers.com," will also speak on the future of business-to-business eCommerce. Additionally, Ariba president and CEO Keith Krach will give a market and company update as well as make several major news announcements. Business-to-business eCommerce represents an enormous economic shift, creating unprecedented opportunities for leading companies to reshape how business is transacted. The value of business-to-business transactions on the Internet will grow from $43 billion in 1998 to $1.3 trillion by 2003, reports Cambridge, Mass.-based industry analyst firm Forrester Research. The worldwide market for Internet commerce procurement applications alone will reach US$5.3 billion by 2003 and will generate savings of up to US$103 billion on transactions totaling US$1.375 trillion by 2003, according to Framingham-based industry research firm IDC. The Ariba ecosystem currently includes thousands of suppliers and many leading Global 2000 customers representing more than $100 billion in total annual spending power for operating resources. The Ariba User Group and Advisory Council will be the largest forum focused exclusively on business-to-business eCommerce. The event provides an opportunity for Ariba customers, suppliers, and partners to share experiences and expertise in leveraging the Internet to lower operating costs, streamline business processes, facilitate integration between trading partners, and create new business opportunities. The conference will include 24 breakout sessions with topics that include Commerce XML (cXML) and other eCommerce standards, electronic payments, best practices, and ROI case studies. More than 1,200 executives from Global 2000 companies and suppliers are registered to attend the three-day event hosted by Ariba with sponsors Andersen Consulting, FedEx, Hewlett-Packard Company, Visa USA, American Express, PricewaterhouseCoopers, webMethods, Deloitte Consulting, RoweCom, Staples, Sun Microsystems, TPN Register, and US Bank. It will be held September 27-29 at the Hyatt Regency/San Francisco Airport in Burlingame, Calif. More information on the Ariba User Group and Advisory Council can be found at www.ariba.com.