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{{Primarysources|date=August 2007}} |
{{Primarysources|date=August 2007}} |
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'''Ariba''' ({{nasdaq|ARBA}}) is a software and information technology services company located in [[Sunnyvale%2C_California|Sunnyvale |
'''Ariba''' ({{nasdaq|ARBA}}) is a software and information technology services company located in [[Sunnyvale%2C_California|Sunnyvale]], California. |
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Ariba was founded in 1996 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 companies. |
Ariba was founded in 1996 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 companies. |
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Revision as of 15:27, 12 May 2008
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Ariba (Nasdaq: ARBA) is a software and information technology services company located in Sunnyvale, California.
Ariba was founded in 1996 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 companies.
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, 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 fell dramatically, where it lingered until May, 2003.