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Dow Chemical Expands Relationship With Ariba; Leading Diversified Chemical Company Adds Ariba Spend Visibility to Portfolio of Spend Management Solutions to Drive Procurement Excellence


LAS VEGAS- - May 9, 2006--Ariba(R), Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced that The Dow Chemical Company (NYSE:DOW) is expanding its portfolio of Ariba solutions to fuel procurement excellence across its global operations. The news came during Ariba LIVE, the premier spend management conference being held in Las Vegas this week. In addition to Ariba QuickSource(TM), Dow will leverage Ariba Spend Visibility(TM) to drive enhanced operating efficiencies that will optimize value generation for the company, its customers and key stakeholders.


" Dow is a global organization with documented work processes, and we are committed to leveraging what we call Most Effective Technology in order to enhance productivity and increase the value we deliver to our customers," said George Biltz, global vice president of purchasing at Dow. "Our expanded agreement with Ariba provides our global purchasing organization with one of the most comprehensive solutions available for managing spend and assuring that our company maintains optimal operational performance."

Dow has been using Ariba QuickSource since 2003. Leveraging this application, the company has streamlined and standardized its sourcing process and generated substantial savings on a wide range of direct materials and indirect goods and services. With Ariba Spend Visibility, Dow intends to accelerate these results. A powerful combination of technology and data services, Ariba Spend Visibility enables companies to thoroughly analyze their spend data and identify additional opportunities to reduce costs and improve operational performance.

"When it comes to spend data, what you can't see can hurt you," said Kevin Costello, chief commercial officer, Ariba. "With the combination of Ariba QuickSource and Ariba Spend Visibility, Dow can identify opportunities for savings and take advantage of those opportunities."

About The Dow Chemical Company

Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

source : Ariba, Inc.

 

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