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| Type | Public |
|---|---|
| Headquarters | Sunnyvale, CA, USA |
| Key people | Robert M. Calderoni, Keith Krach |
| Industry | Internet Software & Services |
| Employees | 1,720[1] |
| Website | www.ariba.com |
Ariba (NASDAQ: ARBA) is a software and information technology services company located in Sunnyvale, California.
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Early life
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."
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 lingered since, with a market capitalization of just under $1 billion of July 2009).
Past acquisitions and competitors
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 SAP, Oracle, Global eProcure, Zycus, Basware, 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.[2] 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.
AribaWeb
On February 19, 2009 Ariba announced AribaWeb[3], 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[4] and has a broad selection of UI widgets.
References
- ^ "Company Profile for Ariba Inc (ARBA)". http://www.zenobank.com/index.php?symbol=ARBA&page=quotesearch. Retrieved 2008-10-21.
- ^ Ariba Says Court To Issue Injunction Against Emptoris In Patent Infringement Case
- ^ Varhol, Peter (2009-02-19). "AribaWeb Framework becomes open source". http://www.theserverside.com/news/thread.tss?thread_id=53713. Retrieved 2009-05-19.
- ^ "Ariba Open Sources Killer Framework for Web App Development". Business Wire. 2009-02-19. http://www.businesswire.com/news/home/20090219005252/en. Retrieved 2009-05-19.
External links
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