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ETA Ascon Star Group Saves 18 Million Dirhams with Ariba.

Article Excerpt
Dubai-Based Companies Leverage Ariba's On-Demand Solutions to Standardize Sourcing and Quickly Deliver Results

SUNNYVALE, Calif. -- Ariba, Inc. (NASDAQ:ARBA), the leading spend management solutions provider, today announced that, along with ETA Star Portal LLC, it has helped the ETA Ascon Star Group, a Dubai-based diversified company, drive over 18 million dirhams ($4.9 million dollars) in savings across its operations. An early adopter of Ariba([R]) Sourcing([TM]) On-Demand, ETA has successfully leveraged the solution to standardize its sourcing process, aggregate its spend and deliver fast, measurable results by sourcing more than 200 million dirhams ($55 million dollars) in spend in various categories.

Based on its success with Ariba Sourcing, ETA Group has entered into a separate agreement through its group company Star Portal LLC to become Ariba's partner to sell Ariba([R]) Spend Management([TM]) solutions within the Middle East.

"To remain competitive in today's economy, companies must find opportunities for cost reductions and quickly convert them into hard-dollar savings," said Arif B. Rahman, Group Director, Finance & Member of the Board of ETA Ascon Star Group. "Within a few weeks of implementing Ariba's on-demand sourcing solution, we were able to drive significant savings...

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