Ariba and ICG Commerce Form Global Strategic AllianceBusiness to Business Industry Leaders Join Forces to Provide Complementary eCommerce and Content Services to Market
PR NEWSWIRE - January 22, 2001 07:58
MOUNTAIN VIEW, Calif., and PHILADELPHIA, Jan 22, 2001 /PRNewswire via COMTEX/ -- Ariba (Nasdaq: ARBA), the leading B2B Commerce platform and network services provider, and ICG Commerce, the world's first comprehensive Procurement Services Provider (PSP), today announced that ICG Commerce will become an Ariba channel partner and will use the Ariba Marketplace NE solution to power RealExchange(SM)- migrating its global customer base onto the Ariba B2B Commerce Platform. Simultaneously, ICG Commerce's pre-sourced content, aggregated pricing, and services will be made available to the Ariba Commerce Services Network(TM) (Ariba CSN).
The alliance leverages the complementary strengths of each company to deliver key benefits to their respective customer bases-further accelerating customers' return on investment. Ariba will provide ICG Commerce its industry leading B2B commerce platform including procurement and marketplace technology solutions amplified by the Ariba CSN-the largest commerce network of its kind. ICG Commerce will offer its comprehensive procurement services that combine content and category expertise, extensive supply-base management, flexible Internet-based technology and aggregated purchasing data from its global customer base to secure optimal pricing.
The Ariba/ICG Commerce alliance will help drive significant liquidity by giving Ariba customers access to at least 30 ICG Commerce pre-sourced aggregated supplier catalogs along with extensive supply-base management expertise, helping customers to reduce their ROI cycle time. "Ariba is continuously focused on maximizing value to our customers through key strategic partnerships," stated Larry Mueller, Ariba's president and chief operating officer. "With the addition of ICG Commerce's pre-sourced aggregated content catalogs, our complementary solutions will dramatically help customers to more rapidly achieve ROI."
For ICG Commerce's global customer base, the partnership provides access to leading B2B technology, including critical global functionality. "We chose ICG Commerce as our Procurement Services Provider because they have the resources worldwide to deliver effective strategic sourcing services," said Frank van den Heuvel, Purchasing and Outsourcing Director at Sara Lee, a current global customer of ICG Commerce. "Through their partnership with Ariba, we'll now have access to its leading Ariba B2B Commerce Platform which includes support of our multi-language and currency needs in this global market."
The Ariba/ICG Commerce partnership is already impacting companies that are looking for a combination of leading B2B eCommerce technology and eProcurement services. "We are thrilled that two key strategic partners of Transora like Ariba and ICG Commerce are working so closely together," said Rick Herbst, Chief Business Officer of Transora. "This will certainly enhance and accelerate the value that can be delivered to Transora and our participants."
"The Ariba/ICG Commerce alliance allows companies like ALLTEL to further leverage the Business Internet to drive down costs and improve overall supply chain performance," said Jerry Fetzer, vice president of Shared Services for ALLTEL. "The two companies are offering a tremendous value proposition based on industry leading content services and the leading B2B platform."
Ariba and ICG Commerce view this global alliance as pivotal to delivering success in B2B. "The power of this alliance has the potential to far surpass the benefits of other B2B Commerce offerings," said Rick Berry, CEO and president of ICG Commerce. "Here are two solid success stories, in Ariba and ICG Commerce, joining forces to set a new standard in delivering faster and greater returns for companies worldwide by powerfully combining technology and procurement sourcing to drive real savings directly to the bottom line."
Summary of key agreement components:
-- ICG Commerce will offer current and prospective Ariba customers access
to over 30 pre-sourced aggregated supplier content catalogs reflecting
preferred pricing, as well as extensive supply-base management
expertise.
-- The Ariba B2B Commerce Platform will power ICG Commerce's
RealExchange(SM). Mid-sized companies will access ICG Commerce's
RealExchange through Ariba Marketplace NE. Further, ICG Commerce will
provide its large enterprise customers access to ICG Commerce
RealExchange through Ariba Buyer and the Ariba Commerce Services
Network.
-- Ariba intends to use ICG Commerce's aggregated supplier catalogs for a
portion of its own internal spend.
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.
About ICG Commerce, Inc.
ICG Commerce is the world's first comprehensive online procurement services provider for businesses. Leveraging its wealth of supply chain management, purchasing and strategic sourcing expertise across multiple industry groups, ICG Commerce delivers comprehensive, tailored services built around a flexible, Internet-based platform that requires minimal start-up cost and time and no software purchase or installation. ICG Commerce can effect the entire spectrum of purchasing strategies, including aggregated buys, portals and exchanges, hosted auctions, eRFQs/eRFPs, spot buys and catalog purchases. The company is uniquely positioned to help customers streamline all of their procurement decisions and processes and to effect substantial savings and efficiencies. ICG Commerce is a member of the Internet Capital Group (Nasdaq: ICGE) network of partner companies, and is based in Jenkintown, Pa. Its home page address is www.icgcommerce.com.
NOTE: Ariba and the Ariba logo are registered trademarks of Ariba, Inc. in the United States and in other countries. Ariba B2B Commerce Platform, Ariba Buyer, Ariba Sourcing, Ariba Marketplace Network Edition, Ariba Dynamic Trade and Ariba Commerce Services Network are trademarks of Ariba Inc. All other trademarks are property of their respective owners.
ICG Commerce is not in any way associated with ICG Communications. Further, while Internet Capital Group is a holder of ICG Commerce stock, ICG Commerce and Internet Capital Group (sometimes referred to as ICG) are separate and distinct operating companies.
"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 recently 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 slowdown or recession; inability to control costs; changes in our pricing or compensation policies; 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.
CONTACT:
Ellie Javadi -- Ariba
650-930-6738
ejavadi@ariba.com
Dave Puckett -- ICG Commerce
215-649-1443
dpuckett@icgcommerce.com
SOURCE Ariba, Inc.
CONTACT: Ellie Javadi of Ariba, 650-930-6738, or ejavadi@ariba.com; or Dave Puckett of ICG Commerce, 215-649-1443, or dpuckett@icgcommerce.com
URL: icgcommerce.com
ariba.com
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