Goodyear Expands Business Through Ariba Solutions as Part of Global Spend Management Program; Goodyear to Streamline Contract Creation and Management Using Ariba Solution
SUNNYVALE, Calif.--April 28, 2004--Ariba(R), Inc. , the leading Enterprise Spend Management (ESM) solutions provider, announced that The Goodyear Tire & Rubber Company , the world's leading tire manufacturer, expanded its business strategy through Ariba Spend Management solutions to include Ariba(R) Contracts(TM) to complement its existing Ariba(R) Buyer(TM) solution.As part of the tire maker's broader strategic initiative to improve global procurement operations, increase visibility into company spend, and drive contract compliance, Goodyear has selected Ariba(R) Contracts(TM) to more efficiently track enterprise-wide spend against contract. Goodyear plans to leverage the Ariba Contracts solution to automate and streamline contract creation, management, and compliance -- ensuring greater cost savings across the organization.
"Goodyear originally selected Ariba to gain improved visibility into our spend over 45 different purchasing systems," said Juan Molina, Goodyear's Director of Indirect Materials Purchasing. "We will now leverage Ariba Contracts to more efficiently manage the contract process from creation through to compliance. The transformation of our global contracts process will allow us to increase the efficiency of Goodyear's spend management process and achieve our cost savings goals."
"Goodyear management has made a strategic decision in helping cement the ongoing leadership of this FORTUNE 200 company by expanding its Ariba Spend Management solutions to include Ariba Contracts, and in turn, assist with overall cost reduction efforts," said Kevin Costello, EVP Sales and Solutions, Ariba. "Combining the dedication and focus of the Goodyear team with our proven solutions and domain knowledge, we have the right combination for Enterprise Spend Management success at Goodyear."
About Goodyear
Goodyear is the world's largest tire company. Headquartered in Akron, Ohio, the company manufactures tires, engineered rubber products and chemicals in more than 90 facilities in 28 countries. It has marketing operations in almost every country around the world. Goodyear employs about 88,000 people worldwide. For more information, visit: www.goodyear.com
About Ariba, Inc.
Ariba, Inc. is the leading Enterprise Spend Management (ESM) solutions provider. Ariba helps companies develop and leverage spend management as a core competency to drive significant bottom line results. Ariba Spend Management software and services allow companies to align their organizations with a spend-centric focus and deploy closed-loop processes for increased efficiencies and sustainable savings. Ariba can be contacted in the U.S. at 650-390-1000 or at www.ariba.com.
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; the impact of recent workforce reductions on Ariba's operations; lengthening sales cycles and the deferrals of anticipated orders; declining economic conditions, including a recession; inability to control costs; changes in the company's pricing or compensation policies; inability to successfully manage a reduction in the company's workforce; significant fluctuations in our stock price; the outcome of legal proceedings relating to the restatement of our financial statements; the possibility that stockholders or regulatory authorities may initiate additional proceedings against Ariba and/or our officers and directors as a result of the restatements; the impact of acquiring Alliente and entering into an agreement to acquire FreeMarkets, including the disruption or loss of customer, business partner, supplier or employee relationships; the level of costs and expenses incurred by Ariba as a result of such transactions; and the level of professional fees and expenses incurred by Ariba in connection with its previously disclosed accounting review and associated regulatory and litigation proceedings. Factors and risks associated with its business, including a number of the factors and risks described above, are discussed in Ariba's Form 10-K/A filed January 28, 2004 and in its Form S-4/A filed April 2, 2004.
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