MANAGEMENT (SIM) FUELS GROWTH FOR ARAVO SOLUTIONS
SAN FRANCISCO, CA, August 12, 2008 – Aravo Solutions, Inc., a pioneer in the on-demand Supplier Information Management (SIM) industry, announced today that it has signed a number of major new customers and quadrupled company revenue over the last 12 months.
New research shows that SaaS Supply Chain Management solutions are gaining wider acceptance among global enterprises, and Aravo's recent growth underscores this trend. Aravo now claims three of the top 20 Fortune 500 companies as clients, and two of the nation's top five financial services firms.
In a June 12, 2008 Deutsche Bank FITT Research (Fundamental, Industry, Thematic, Thought Leading) report, Aravo was noted as a leading supply chain management (SCM) software provider addressing a wide spectrum of supplier and spend functionality at a time when the "The Software-as-a-Service (SaaS) segment is having a break-out year." The report further stated, "We believe the future direction of the software industry is more lucid now than at any time in the past 15 years. As the shift to SaaS continues, we see SaaS penetrating and disrupting traditional enterprise software."
The proven, industry-leading Aravo SIM 10™ platform is a strategic information management platform that helps global enterprises mitigate risk, manage sustainability programs and improve overall supplier relationship management processes. Aravo SIM 10™ transforms the management of supplier information into a key strategic asset by providing an easy-to-use platform that cuts across organizational boundaries and provides a single unified view of supplier information to internal users, suppliers, and third-parties service providers.
Aravo SIM 10™ has recently been covered by AMR Research, Industry Week, Managing Automation, IT Week, Supply & Demand Chain Executive, Environmental Leader, Earth Times, Supply Chain Brain, San Francisco Business Times, European Leaders in Procurement and ClimateBiz. Aravo recently announced a major upgrade to its core platform, Aravo SIM 10™, added key new executives to its management team, and significantly upgraded its website to more completely articulate the value of Aravo SIM 10™ in delivering solutions to its target customers.
"Aravo is well positioned to satisfy the growing demand from global organizations for centralized, on-demand solutions that deliver the speed, visibility and scalability needed effectively manage their supply chains" said Tim Albinson, CEO of Aravo. "At the end of the day the SIM market is all about improving control, reducing risk, and delivering measurable savings to the bottom line. Aravo was developed to meet this need."
About Aravo Solutions
Founded in 2000, Aravo helps global companies quickly and accurately on-ramp and
manage supplier master data to create error-free transactions, provide actionable decision support and turn supplier information into a valuable asset that can be leveraged throughout an organization. Aravo SIM™ is an on-demand enablement platform that provides enterprises with a field-proven framework for managing supplier information within leading ERP and e-procurement applications such as Oracle, SAP and Ariba. Core modules include Aravo Supply™, Aravo Sustain™ and Aravo Risk™. Aravo is headquartered in San Francisco's Financial District. For more information, visit Aravo's Web site at www.aravo.com.
Media Contact:
David T. Oro
For Aravo Solutions
707-558-8585
david@orogroup.com