Ariba
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Ariba (NASDAQ: ARBA) is a software and information technology services company located in Sunnyvale, California.
Ariba was founded in 1996[by Keith Krach] on the idea of using the Internet to enable companies to facilitate and improve the procurement process. Procurement had been a paper-based, labor-intensive, and inefficient process for large companies.
Ariba was one of the first business-to-business Internet companies to go public (in 1999). The company's stock more than tripled from the offering price on opening day, making the three year-old company worth $6 billion. In 2000, the stock value continued to climb, and Ariba's market capitalization was as high as $40 billion. With the bursting of the dot-com bubble, Ariba's stock fell dramatically, where it lingered until May, 2003.
