This morning's press release:
Deal will expand depth and breadth of Ariba Network creating additional value for buyers and sellers around the world
Ariba, Inc. (Nasdaq: ARBA), the leading provider of collaborative business commerce solutions, today announced that it has signed a definitive agreement to acquire Quadrem, a privately-held provider of one of the world's largest supply networks and on-demand supply management solutions. With the acquisition, Ariba further expands the depth and breadth of the Ariba® Network, its market-leading web-based trading community.
About Ariba, Inc.
Ariba, Inc. is the leading provider of collaborative business commerce solutions. Ariba enables more efficient and effective buying, selling, and cash management by combining industry-leading software as a service (SaaS) commerce technology with the world's largest web-based global trading community and expert capabilities and services to augment internal resources and skills – all as a flexible, cloud-based service. The Ariba® Commerce Cloud™ delivers everything needed to control costs, increase sales, minimize risk, and enhance cash flow and operations. More than 300,000 companies, including over 80 percent of the Fortune 100, use Ariba's solutions to drive more efficient and effective inter-enterprise commerce. Why not join them? For more information on Ariba commerce solutions and the results they deliver, visit www.ariba.com.