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Ariba Wins 2009 SunTrust Supplier Achievement Award

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SUNNYVALE, Calif. - (BUSINESS WIRE) - Ariba, Inc. (NASDAQ: ARBA), the leading spend management solutions provider, today announced that it has received a 2009 SunTrust Supplier Achievement Award. SunTrust Banks, Inc., one of the nation's largest and strongest financial holding companies, presented the award to Ariba for providing innovative technology and services that have helped the institution to control costs and deliver more efficiently for its customers.

"Ariba has exemplified what it means to be a true partner to our company," said Lamar Chesney, Executive Vice President & Chief Procurement Officer, SunTrust. "Ariba provides us with an integrated, enterprise source-to-pay solution that helps SunTrust to more effectively manage its spend while in the support of our many business objectives continually demonstrating flexibility and creativity far beyond that which is expected from a typical service provider."

SunTrust has been using Ariba's on-demand solutions to transform its procurement process since 2009. SunTrust has implemented the full suite of Ariba's offerings to create a standard process for managing its spend from sourcing and orders through invoice and payment. In addition, the company leverages Ariba's Global Services offerings to help improve its business processes, manage its spend and enhance and accelerate the results that it delivers.

"SunTrust is a forward-thinking organization that is implementing leading-edge solutions and processes across its operations to drive its business results," said Jon Stevens, Vice President, Ariba Consulting. "We are pleased to partner with the leadership at SunTrust to help them to build a world-class sourcing and procurement program that advances the company's spend management initiatives and delivers substantial and measurable results."

SunTrust joins more than 295,000 companies, including 94 of the Fortune 100, who rely on Ariba's solutions to control costs, minimize risk, improve profits and increase competitive advantage. For more information on Ariba's offerings and the value they can deliver, visit www.ariba.com

About SunTrust

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of December 31, 2009, SunTrust had total assets of $174.2 billion and total deposits of $121.9 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and capital markets services. SunTrust's Internet address is SunTrust.com.

About Ariba, Inc.

Ariba, Inc. is the leading provider of on-demand spend management solutions. Our mission is to transform the way companies of all sizes, across all industries, and geographies operate by delivering technology, service, and network solutions that enable them to holistically source, contract, procure, pay, manage, and analyze their spend and supplier relationships. Delivered on demand, our enterprise-class offerings empower companies to achieve greater control of their spend and drive continuous improvements in financial and supply chain performance. More than 1,000 companies, including more than half of the companies on the Fortune 100, use Ariba solutions to manage their spend from sourcing and orders through invoicing and payment. For more information, visit www.ariba.com

Copyright (c) 1996 - 2010 Ariba, Inc.

Ariba, the Ariba logo, AribaLIVE, SupplyWatch, Ariba.com, Ariba.com Network and Ariba Spend Management. Find it. Get it. Keep it. are registered trademarks of Ariba, Inc. Ariba Spend Management, 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 Invoice, Ariba Payment, 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 Content Procurement, Ariba PunchOut, Ariba QuickSource, PO-Flip, Ariba Spend Management Knowledge Base, Ariba Ready, Ariba Supply Lines, Ariba Supply Manager, Ariba LIVE, It's Time for Spend Management and Supplier Lifecycle Management are trademarks or service marks of Ariba, Inc. All other brand or product names may be trademarks or registered trademarks of their respective companies or organizations in the United States and/or other countries.

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 current expectations include, but are not limited to: the impact of the credit crises on Ariba's results of operations and financial condition; 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, including the impact of a recession; 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 Form 10-Q filed with the SEC on February 5, 2010.

Ariba, Inc.
Karen Master, 412-297-8177
kmaster@ariba.com



 
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