We are disappointed that adverse economic and market conditions prevent the merger with Agile from proceeding as planned, said Keith Krach, chairman, and chief executive officer of Ariba. Ariba will continue to focus on extending its leadership position in e-commerce and delivering the applications and network solutions that enable customers to automate their business processes and interactions with trading partners.
These are clearly difficult economic times. Focusing on customer success in implementing mission-critical systems for key business processes has always served Agile well, in good times or bad. As we go forward from here, we will redouble our efforts in this area, said Bryan Stolle, chairman and chief executive officer of Agile. Although disappointed in not being able to complete this merger, Agile and Ariba share a leadership position and vision for automating inter-enterprise business processes, and we plan to continue to leverage our strengths and broaden our collaborative manufacturing commerce offerings to provide added value to our customers.
