Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions
provider, today announced that it has signed an agreement with Severn
Trent Water, the world's fourth largest privately-owned water company.
As part of ongoing efforts to strengthen its position as a leading
water company in the United Kingdom, Severn Trent has launched an
aggressive spend management program and selected Ariba's on-demand
solutions to power it. Severn Trent is currently leveraging Ariba(R)
Sourcing(TM) On-Demand Basic to drive savings and process efficiencies
that enhance its operations and the value it delivers to its
customers.
"At Severn Trent, we've set our sights on becoming a leader in the
United Kingdom," said Larry Beard, Director of Purchasing, Severn
Trent. "In order to do this, we must effectively manage our spend
while maintaining our high quality standards and levels of service. In
partnering with Ariba, we have the technology, expertise and services
we need to achieve our goals."
A flexible and easy-to-use solution that helps organizations
successfully structure and execute online negotiations, Ariba Sourcing
On-Demand Basic combines software, expertise and services to ensure
results. With Ariba's on-demand offerings, companies of all types and
sizes can implement effective online sourcing programs without a
substantial commitment of time or resources.
"Severn Trent is deeply committed to introducing new technologies
and processes that enable us to drive continuous improvement across
our business," said Rachel West, e-Sourcing Manager, Severn Trent.
"With Ariba, we have access to a comprehensive set of tools that we
are using successfully to streamline our procurement process and
generate savings and efficiencies that positively impact our bottom
line and ultimately, our customers."
"Spend management is a journey, and Severn Trent is blazing the
trail among water companies," said Mike Arenth, General Manager, EMEA,
Ariba. "In embracing Ariba's sourcing solutions, Severn Trent is well
on the path not only to savings and efficiencies, but to the improved
profits and the competitive advantage that procurement excellence can
deliver."
About Severn Trent Water
Severn Trent Water is the world's fourth largest privately-owned
water company, serving over 8 million customers across the heart of
the UK, stretching from the Bristol Channel to the Humber, and from
mid-Wales to the East Midlands. For more information on Severn Trent
Water, please visit www.stwater.co.uk
About Ariba, Inc.
Ariba, Inc. is the leading provider of spend management solutions
to help companies realize rapid and sustainable bottom line results.
Successful companies around the world in every industry use Ariba
Spend Management(TM) software and services. Ariba can be contacted in
the U.S. at 1-650-390-1000 or at www.ariba.com
Copyright (C) 1996 - 2007 Ariba, Inc.
Ariba, the Ariba logo, AribaLIVE and SupplyWatch are registered
trademarks of Ariba, Inc. Ariba Spend Management, Ariba Spend
Management. Find it. Get it. Keep it., Ariba. This is Spend
Management, Ariba Solutions Delivery, Ariba Analysis, Ariba Buyer,
Ariba Category Management, Ariba Category Procurement, Ariba Contract
Compliance, Ariba Contracts, Ariba Contract Management, Ariba Contract
Workbench, Ariba Data Enrichment, Ariba eForms, Ariba Electronic
Invoice Presentment and Payment, Ariba Invoice, Ariba Sourcing, Ariba
Spend Visibility, Ariba Travel and Expense, Ariba Procure-to-Pay,
Ariba Workforce, Ariba Supplier Network, Ariba Supplier Connectivity,
Ariba Supplier Performance Management, Ariba PunchOut, Ariba
QuickSource, PO-Flip, Ariba Settlement, Ariba Spend Management
Knowledge Base, Ariba Ready, Ariba Supply Lines, Ariba Supply Manager,
Ariba LIVE and It's Time for Spend Management are trademarks or
service marks of Ariba, Inc. All other trademarks are property of
their respective owners.
Ariba Safe Harbor
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
Ariba's operating and financial results to differ materially from its
current expectations include, but are not limited to: delays in
development or shipment of new versions of Ariba's products and
services; lack of market acceptance of Ariba's existing or future
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; the ability to attract and retain
qualified employees; difficulties in assimilating acquired companies;
long and unpredictable sales cycles and the deferrals of anticipated
orders; declining economic conditions; inability to control costs;
changes in the company's pricing or compensation policies; significant
fluctuations in our stock price; the outcome of and costs associated
with pending or potential future regulatory or legal proceedings; the
impact of our acquisitions, including the disruption or loss of
customer, business partner, supplier or employee relationships; and
the level of costs and expenses incurred by Ariba as a result of such
transactions. Factors and risks associated with its business,
including a number of the factors and risks described above, are
discussed in Ariba's SEC filings, including its most recent report on
Form 10-Q filed February 2, 2007.
