Hong Kong March 8, 2001 - Leading eCommerce platform and network-services providers PCCW (SEHK: 0008; NYSE: PCW [ADR]) and Ariba, Inc. (Nasdaq: ARBA) today announced a partnership to provide e-procurement turnkey solutions for Asia-Pacific businesses.
PCCW has become a Certified Ariba Systems Integrator in Asia ex-Japan, and will provide a full spectrum of B2B solutions, consultancy and implementation services. This will enable Asian-based companies to automate enterprise-wide procurement processes and optimize purchasing processes for greater efficiency and cost savings.
The e-procurement services will benefit businesses of all sizes and types, from big corporations to medium-sized enterprises, especially those in the manufacturing, banking and finance, public utility and service industries.
"PCCW is committed to helping enterprises capitalize on strategic Internet procurement opportunities," said Mr. Thomas Siu, president of PCCW Business eSolutions. "Our partnership with Ariba will enable enterprises to work with a single service provider on the entire e-procurement process, from workflow analysis, software procurement, system integration, implementation and ongoing enhancements to enabling the digital transformation of product catalogues.
"Ariba has become the latest collaborative business partner of PCCW's MartPOWER eMarketplace," Mr. Siu said, signifying progress in bringing together key industry players with leading-edge technology to build MartPOWER into the e-trading hub of Asia.
"Together, PCCW and Ariba will play a vital role in spearheading e-procurement development in the region and empowering businesses for value creation," he said.
PCCW brings practical e-procurement experience to the partnership, managing more than 20,000 online purchase orders annually, and empowering 2,000 internal end-users to purchase directly from external vendors over the Internet.
Dr. Mukesh Aghi, Senior Vice President, Ariba Asia Pacific, said "We are pleased to team up with PCCW, which has a strong B2B infrastructure and a professional, integrated e-business solutions platform for e-procurement and e-trading. PCCW's proven business strategy combined with its solid experience in e-procurement make it an ideal partner to help extend the reach of Ariba B2B eCommerce Solutions to enterprises of all sizes in Asia."
"Together, Ariba and PCCW will help enterprises streamline their operation processes, replace inefficient manual-purchasing procedures as well as save time and cost. We are confident that this partnership will enable enterprises to benefit greatly from enhanced collaborative supply-chain management and purchasing optimization," Dr. Aghi said.
Hong Kong-listed Pacific Century CyberWorks (SEHK: 0008, NYSE: PCW [ADR]), the flagship of the Pacific Century Group, is one of Asia's leading integrated communications companies. Building upon its market-leading position in Hong Kong, PCCW intends to accelerate economic growth throughout the Asia-Pacific region and create shareholder value by leveraging the synergies between its core businesses. Among those businesses are: telecommunications services (PCCW-HKT); mobility and connectivity services; broadband interactive services (B2C); ventures; business-to-business services; infrastructure services; and data center/web-hosting services.
To learn more about PCCW, go to www.pccw.com
About Ariba, Inc.
Ariba, Inc. is the leading business-to-business (B2B) eCommerce platform and network services provider. Through the Ariba B2B Commerce platform - an open, end-to-end infrastructure of interoperable software solutions and hosted Web-based commerce services - the company enables efficient online trade, integration and collaboration between B2B marketplaces, buyers, suppliers and commerce service providers. The reach and functionality of the Ariba B2B Commerce platform is designed to create Internet-driven economies of scale and process efficiencies for leading companies around the world. Ariba can be contacted in the U.S. at 1-650-930-6200 or Hong Kong 852-2273-5022 or at www.ariba.com.
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"Safe Harbor" Statement Under the Private Securities Litigation Reform Act 1995:
Information and announcements in this release involve Ariba's expectations, beliefs, hopes, plans, intentions or strategies regarding the future and are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information ]available to Ariba as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to, delays in development or shipment of new versions of our Ariba B2B Commerce Platform; lack of market acceptance of the Ariba B2B Commerce Platform or other new products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; difficulties in assimilating companies recently acquired, including Tradex, Trading Dynamics, and SupplierMarket.com; and significant fluctuations in our stock price. These and other factors and risks associated with our business are discussed in the Company's Form 10-K filed December 29, 2000.
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