Sep. 22, 2009 (Business Wire) -- Ariba, Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced its inclusion on Software Magazine’s Software 500, a revenue-based ranking of the world’s largest software and services providers. Now in its 27th year, the Software 500 is designed to help CIOs, senior IT managers and IT staff research and create a short list of business partners by providing a quick reference of vendor viability. Ariba was ranked 121 on the list, based on 2008 software and services revenue of $328 million.
“The 2009 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $491.3 billion worldwide for 2008 representing 8.8% growth from the previous year,” says John P. Desmond, editor of Software Magazine and Softwaremag.com.
In evaluating companies, Software Magazine collected financial information through a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents. The magazine then ranked companies based on total software and services revenue for 2008, which includes revenues from software licenses, maintenance and support, training and software-related services and consulting.
“No one can be certain when the global recession will end. But one thing is certain – when it does, we will be operating under a new state of normal that will require businesses to be more agile than ever before,” said Ahmed Rubaie, Chief Financial Officer, Ariba. “Our flexible, SaaS-based delivery model and spend management focus provides the foundation upon which companies can build the kind of agile supply chain that will be required to deliver results. As a result, we continue to see demand for our solutions from companies of all sizes across industries and geographies. We are pleased to be recognized for our performance by Software Magazine as part of the 2009 Software 500.”
To view the complete 2009 Software 500 rankings, visit www.Softwaremag.com
About Digital Software Magazine, the Software Decision Journal and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world’s largest software and services companies. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
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 technology, service, and network solutions that enable them to holistically source, contract, procure, pay, manage, and analyze their spend and supplier relationships.
