News
Press Releases
ARAVO SELECTED BY ALWAYSON AS 'ONDEMAND 100' WINNER
Leading Supplier Information Management Firm Only
Company Recognized in the ERP/Supply Chain Management Category
San Francisco, CA, April 12, 2010 – Aravo, the leading provider of on-demand Supplier Information Management (SIM) software and services, today announced that it has been chosen by AlwaysOn as an OnDemand 100 winner. OnDemand 100 companies are recognized as leaders amongst their peers who are developing game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Following a rigorous selection process, Aravo was selected by the AlwaysOn editorial team and industry experts based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
Aravo and the OnDemand Top 100 companies will be honored at AlwaysOn's OnDemand event on April 19th, 2010, at Hewlett-Packard's Worldwide Headquarters in Palo Alto, CA. This two-and-a-half-day executive event features CEO presentations and high-level debates on how the Internet is disrupting how companies—from small businesses to large enterprises—create, store, distribute, analyze, and take advantage of their mission-critical data.
"As the digital information created by businesses continues to explode at astronomical rates, the need to store, manage, analyze, and share this information is becoming extremely challenging," said Tony Perkins, founder and editor of AlwaysOn. "We congratulate this year's OnDemand 100 for providing the technology platforms and services needed to manage and leverage this new era of information complexity and overload."
The OnDemand 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list.
Founded in 2000, Aravo is an early pioneer in the on-demand category. Its flagship product, Aravo Supplier Information Management (SIM), represents the industry's first SaaS application that seeks to reduce costs by automating supplier management and providing real-time data that makes efficient supplier engagement more cost effective, less risky and more strategic. Aravo is the only vendor to be selected in OnDemand's ERP/SCM category.
"Many of the world's largest global enterprises have standardized on Aravo for supplier information management demonstrating that adoption of on-demand solutions is no longer limited to small and medium sized enterprises," said Aravo CEO Tim Albinson. "We're deeply honored to be recognized by AlwaysOn as one of the Top 100 on-demand companies in the world and we look forward to pushing the boundaries of what is possible in this rapidly maturing category."
A full list of all the OnDemand Top 100 winners can be found on the AlwaysOn website at: http://alwayson.goingon.com/permalink/post/34759
About Aravo
The world's best-run businesses utilize Aravo's SaaS Supplier Information Management platform to reduce the cost of managing suppliers by up to 72% and to transform their supplier on-boarding, compliance, enablement, and risk management challenges into competitive advantage. General Electric, Goldman Sachs, Accenture, and Deutsche Bank rely on Aravo to manage information and processes for over 1.5 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, New York, and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and the Charles Schwab family. For more information regarding Aravo's award-winning solutions please visit http://www.aravo.com or view our blogs at http://www.2sustain.com and http://atrisk.net.
About AlwaysOn
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, GoingGreen East, and GoingGreen Europe. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
Public Relations Contact
Marlena Fernandez
Just Smart Communications
mfb@justsmartcommunications.com
303.408.3155
In a recent poll of Fortune 1000 executives, 71.4% of respondents expressed that their biggest concern is risk of supplier financial viability. However, despite these concerns, the majority of respondents have active risk management programs in place for less than 20% of their supplier base.
Source:
Aravo Supply Chain Risk Poll
January 2010
