Ariba Goes Vertical: No Pain, Much Gain
D. Geller - January 14, 2000

Event Summary

Ariba, Inc. (NASDAQ: ARBA) has purchased privately held TRADEX Technologies, Inc. for $1.86 billion in stock, based on the closing price on the date of the announcement. Ariba sells software that lets companies engage in E-procurement, and manages marketplaces that bring together its buy-side customers with vendors. Ariba's marketplaces are primarily for MRO (maintenance, repair and operations) products. TRADEX sells software that allows its customers to build and manage Internet marketplaces...