Published: March 16, 2010
Ariba Wins 2009 SunTrust Supplier Achievement Award
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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