View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 1, 2004

Ariba continues expansion with Softface buy

Procurement software vendor Ariba Inc has made a further move in its ambition to be market leader in the spend-management arena with the acquisition of Softface Inc for an undisclosed sum.

By CBR Staff Writer

The two companies have been in a strategic relationship since July 2003, and Softface will give Ariba technology in the area of spend data cleansing, enrichment and classification. Ariba said this will allow organizations to take problematic, largely unclassified data from multiple, disparate systems and convert it into actionable spend information.

To back its strategy, Ariba quoted Tim Minaham, VP of supply chain research at the Aberdeen group, as saying that few companies know how much they spend and with whom. He estimated it is costing businesses $260bn in missed savings opportunities a year.

To reverse a long period of decline, Ariba has been buying aggressively, and this year paid $493m for rival Freemarkets Inc and bought procurement outsourcing specialist Alliente Inc. Earlier this year Ariba CEO Bob Calderoni told ComputerWire: I want to be the leader in the spend management category. That means selling solutions to the spend management problem, which means services as well as software.

This article is based on material originally published by ComputerWire

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.