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| Type | Public |
|---|---|
| Genre | U.S |
| Founder(s) | Keith Krach |
| Headquarters | Sunnyvale, CA, USA |
| Area served | World Wide |
| Key people | Robert M. Calderoni, Keith Krach |
| Industry | Internet Software & Services |
| Products | Spent Management Software,Contract Management Software,Financial Solutions. |
| Revenue | 400 million $ |
| Employees | 1,720[1] |
| Website | www.ariba.com |
Ariba (NASDAQ: ARBA) is a software and information technology services company located in Sunnyvale, California.
Contents |
Ariba was founded in 1996 by Keith Krach on the idea of using the Internet to enable companies to facilitate and improve the procurement process. Procurement had been a paper-based, labor-intensive, and inefficient process for large corporations. According to the company's website, Ariba provides "Spend Management solutions" which help companies "analyze, understand, and manage their corporate spending to achieve cost savings and business process efficiency." Currently, 94 of the Fortune 100 and more than 200,000 other companies use Ariba's SaaS (Software as Service) solutions to manage their spend and commerce activities.[2]
Ariba was one of the first business-to-business Internet companies to go public (in 1999). The company's stock more than tripled from the offering price on opening day,[citation needed] making the three year-old company worth $6 billion. In 2000, the stock value continued to climb, and Ariba's market capitalization was as high as $40 billion. With the bursting of the dot-com bubble, Ariba's stock price fell dramatically to the low double digits in July 2001, where it has remained since, with a market capitalization of just over $1 billion as of January 2010).
In January 2001 Ariba announced that it would acquire Agile Software in a $2.55 billion stock swap.[1] By April, with Ariba facing a disappointing second quarter and cutting a third of its workforce, the deal had fallen apart.[2]
In early 2004, Ariba acquired FreeMarkets which gave the company a software package both in the upstream (sourcing) and downstream (Buyer) of the procurement process. In late 2007, Ariba took over the company Procuri which enhanced the company's client base and on-demand abilities.[3]
Ariba's competitors include PROACTIS, SAP, Oracle, Global eProcure, Zycus, Basware, Rosslyn Analytics, Ivalua and Emptoris.
In December 2008, Ariba announced that the U.S. District Court for the Eastern District of Texas had issued an injunction against Emptoris, which prohibits the company from infringing on two of Ariba's patents related to overtime and bid ceilings in reverse auctions.[3] On 16 December 2008, the court ordered Emptoris to pay an enhanced damages award of $1.4 million for willful infringement in connection with Emptoris’ infringement of the two reverse auction-patents held by Ariba. This was in addition to the 29 October 2008 jury award of $5 million in damages to Ariba, bringing the total fine to approximately $6.4 million, a significant penalty for Emptoris which earned approximately $50 million in revenue for 2008. In an Emptoris press release, that company noted that it had released a new software "patch" that eliminates any infringement. The US District Court, in February 2009, issued an order noting that the "patch" is colorably different, effectively concluding the case.
On February 19, 2009 Ariba announced AribaWeb[4], an open source framework for Rich Internet Applications. It is designed to generate a user interface automatically from base Java or Groovy classes and includes Object-Relational Mapping features. It also encapsulates AJAX functionality[5] and has a broad selection of UI widgets.
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This article needs references that appear in reliable third-party publications. Primary sources or sources affiliated with the subject are generally not sufficient for a Wikipedia article. Please add more appropriate citations from reliable sources. (August 2007) |
| File:Ariba | |
| Type | Public |
|---|---|
| Industry | Internet Software & Services |
| Genre | U.S |
| Founder(s) | Keith Krach |
| Headquarters | Sunnyvale, CA, USA |
| Area served | World Wide |
| Key people | Robert M. Calderoni, Keith Krach |
| Products | Spend Management Software, Contract Management Software, Financial Solutions. |
| Revenue | 400 million $ |
| Employees | 1,720[1] |
| Website | www.ariba.com |
Ariba (NASDAQ: ARBA) is a software and information technology services company located in Sunnyvale, California.
Contents |
Ariba was founded in 1996 by Keith Krach on the idea of using the Internet to enable companies to facilitate and improve the procurement process. Procurement had been a paper-based, labor-intensive, and inefficient process for large corporations. According to the company's website, Ariba provides "Spend Management solutions" which help companies "analyze, understand, and manage their corporate spending to achieve cost savings and business process efficiency." Currently, 94 of the Fortune 100 and more than 200,000 other companies use Ariba's SaaS (Software as a Service) solutions to manage their spend and commerce activities.[2]
Ariba was one of the first business-to-business Internet companies to go public (in 1999). The company's stock more than tripled from the offering price on opening day,[citation needed] making the three year-old company worth $6 billion. In 2000, the stock value continued to climb, and Ariba's market capitalization was as high as $40 billion. With the bursting of the dot-com bubble, Ariba's stock price fell dramatically to the low double digits in July 2001, where it has remained since, with a market capitalization of just over $1.5 billion as of June 2010.
In January 2001 Ariba announced that it would acquire Agile Software in a $2.55 billion stock swap.[1] By April, with Ariba facing a disappointing second quarter and cutting a third of its workforce, the deal had fallen apart.[2]
In early 2004, Ariba acquired FreeMarkets which gave the company a software package both in the upstream (sourcing) and downstream (Buyer) of the procurement process. In late 2007, Ariba took over the company Procuri which enhanced the company's client base and on-demand abilities.[3]
Ariba's competitors include PROACTIS, SAP,Bravosolution, Oracle, Global eProcure, Zycus, Basware, Rosslyn Analytics, Ivalua, and Emptoris.[3]
In December 2008, Ariba announced that the U.S. District Court for the Eastern District of Texas had issued an injunction against Emptoris, which prohibits the company from infringing on two of Ariba's patents related to overtime and bid ceilings in reverse auctions.[4] On 16 December 2008, the court ordered Emptoris to pay an enhanced damages award of $1.4 million for willful infringement in connection with Emptoris’ infringement of the two reverse auction-patents held by Ariba. This was in addition to the 29 October 2008 jury award of $5 million in damages to Ariba, bringing the total fine to approximately $6.4 million, a significant penalty for Emptoris which earned approximately $50 million in revenue for 2008. In an Emptoris press release, that company noted that it had released a new software "patch" that eliminates any infringement. The US District Court, in February 2009, issued an order noting that the "patch" is colorably different, effectively concluding the case.
On February 19, 2009 Ariba announced AribaWeb[5], an open source framework for Rich Internet Applications. It is designed to generate a user interface automatically from base Java or Groovy classes and includes Object-Relational Mapping features. It also encapsulates AJAX functionality[6] and has a broad selection of UI widgets.
   | Ariba's website - Spend Management and Contract Management Software | Ariba |
| | AribaWeb Framework becomes open source - AribaWeb Framework becomes open source |
| | Company Profile for Ariba Inc (ARBA) - Quote Search - Fundamental Data, Company Proflem, and more... |
| | Procuri's website - Strategic Sourcing and Contract Management Software, Contract Management, Strategic Sourcing |
| | AribaWeb website - AribaWeb - More App, Way Less Code! |
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