Ariba Technologies was founded in September 1996. The principal activity of the Group is the provision of comprehensive intranet- and Internet-based business-to-business electronic commerce solution for operating resources. From its inception, the company?s goal has been to build a world-class organization through a seasoned management team focused on the operating resource market opportunity, a customer-centric approach to product development, and premier venture capital funding. Ariba?s founding members include: Keith Krach, president and CEO, and Ed Kinsey, vice president of finance and CFO. Ariba Technologies received $6 million from Benchmark Capital and Crosspoint Ventures in their first round of funding. According to Bob Kagle of Benchmark Capital, “Ariba is guided by three strong principles: deep understanding of a well-defined customer; systematic pursuit of a large market; and a defensible product strategy. It is unusual to see these attributes so well integrated in a startup company”.
Ariba?s executive management team provides expertise in such areas as: growth and management of startup companies; the rapid development of leading-edge software technology; in-depth understanding of enterprise-oriented procurement solutions and expertise in developing and managing large-scale electronic initiatives. This golden startup idea of Ariba–automating the purchase of office supplies and services at large companies transformed the
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