Ariba and The Receivables Exchange Team to Help Suppliers Battle Financing Crunch

SUNNYVALE, Calif.--(BUSINESS WIRE)--Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions provider, and The Receivables Exchange, the world's first online marketplace for real-time trading of accounts receivable, today announced that they are joining forces to help suppliers around the world battle the global financing crunch. Under the terms of a newly signed agreement, the companies will team to provide suppliers with access to competitively priced capital through a receivables auctioning solution accessed via the Ariba^® Supplier Network^™.

“It’s estimated that more than half of all companies with under $1 billion in revenues depend on secured and unsecured lines of credit to feed their short term cash needs. Unfortunately, in today’s economy, this is exactly the type of credit that is becoming less and less available,” said Bob Solomon, Senior Vice President and General Manager, Ariba Supplier Network. “By joining forces with The Receivables Exchange, Ariba can provide suppliers with an alternative source of funding that enables them to maintain the strength and competitiveness of their operation in both the short and long term.”

Changing the landscape of business financing, The Receivables Exchange connects suppliers (member sellers) to a global network of accredited investors (receivables buyers) who compete in a real-time auction marketplace to buy their receivables. Ariba will provide access to The Receivables Exchange through its Supplier Network, enabling members to seamlessly transfer their receivables from the network to the Exchange for auction.

Ariba Supplier Network is the world’s leading business collaboration platform, which combines technology and services to better match buyers and suppliers, automate transactions and optimize payments. Buyers and suppliers in 115 countries leverage the network to engage in transactions worth more than $110 billion a year and process one purchase order every two seconds. Leveraging the reputation and power of the Ariba Network, suppliers can lower the cost, risk and time associated with accessing capital.

“The Receivables Exchange and Ariba share a common vision: to help companies optimize their working capital management to improve their business and financial performance,” said Justin Brownhill, co-founder and CEO of The Receivables Exchange. “By working together, we will be able to help even more businesses maximize the efficiency of their working capital. Ariba and The Receivables Exchange will be a powerful combination to help America’s small and mid-sized companies realize even greater growth.”

With the addition of receivables financing, Ariba now offers a comprehensive range of solutions that buyers and suppliers can leverage to more effectively manage their working capital. To learn more about Ariba’s working capital management offerings and the value that they can deliver, visit www.ariba.com

To learn more about The Receivables Exchange, please visit www.ReceivablesXchange.com or www.ReceivablesXchange.com/Seller.

About The Receivables Exchange

The Receivables Exchange (www.ReceivablesXchange.com) is the world’s first online marketplace for real-time trading of accounts receivable. The Receivables Exchange is changing the landscape of small business financing by providing a new dimension in working capital management. The Exchange connects a global network of accredited investors (Buyers) to the nation’s three million small and mid-sized businesses (Sellers) in search of capital to grow their businesses. Buyers get direct access to an $18 trillion new investable asset; small businesses get to access to a new competitive working capital management solution by having their receivables bid on by multiple Buyers in real-time. The Receivables Exchange has secured financing from Prism VentureWorks and Fidelity Ventures, the venture capital arm of Fidelity Investments. For more information, visit www.ReceivablesXchange.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 software, 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 500, use Ariba solutions to manage their spend from sourcing and orders through invoicing and payment. For more information, visit www.ariba.com.

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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-K filed with the SEC on November 19, 2008.