Innovative, On-Demand, Multi-Tenant, SaaS Solution Gains Traction Among the Media, Investors, and Global Corporations
San Francisco, CA, April 8, 2008 – Aravo Solutions, Inc., a dominant player in the emerging on-demand Supplier Information Management (SIM) software and services industry, is currently experiencing the most rapid growth in its eight-year history. The company’s flagship platform, Aravo SIM™, enables corporations to better manage their complex, global supply chains. Aravo’s customers, partners, and the media are demonstrating strong acceptance of Aravo’s contributions to global supplier management, corporate growth and environmental sustainability.
During the first quarter of 2008, the company was the subject of numerous positive articles in Industry Week, IT Week, Supply & Demand Chain Executive, Environmental Leader, Earth Times, Supply Chain Brain, European Leaders in Procurement and GreenBiz. An article written by the San Francisco Business Times and republished by Business Journals in Raleigh/ Durham, NC and Milwaukee, WI, and in Mass High Tech–The Journal of New England Technology, noted Aravo’s “dramatic accomplishments” during tough economic times.
“Expanded national and international media coverage of Aravo’s customer successes points to the great value we deliver for our customers,” said Steve Fritz, Director of Marketing at Aravo. “This increased attention reflects the traction we’re gaining with Global 1000 customers in the financial services, high tech, industrial manufacturing, retail and pharmaceutical industries.”
An analyst at the respected IT and supply chain analyst firm AMR Research referred to Aravo as “a unique, game-changing ‘supplier CRM’ technology for global organizations,” and compared Aravo’s technology to breakthroughs from Salesforce.com that revolutionized the Customer Relationship Management (CRM) industry.
Other recent press coverage noted how Aravo’s corporate sustainability software is helping companies reduce the environmental impact of globalized supply chains, as well as Aravo’s environmental compliance solutions for companies interested in supply chain carbon discovery.
“The Business Times article covered Aravo’s new funding round, triple-digit percentage revenue gains and staff expansion,” Fritz added. “All in all, we’re happy with our current trajectory and greater media visibility. We’ve worked hard to get where we are and we appreciate that we’re getting such positive recognition.”
Aravo’s founder and CEO, Tim Albinson, was formerly an investment banker at Goldman Sachs. Investors in Aravo include Charles Schwab Family/Big Sky Partners; Peggy Taylor, former EVP-Global Operations, PeopleSoft; Tony Mayer, former CEO, JP Morgan Capital; a syndicate of senior partners and directors from Goldman Sachs and Morgan Stanley; Stephen Friedman, retired Chairman, Goldman Sachs; Soren Kenner, managing partner, LundKenner A/S, whose partners seed-funded Skype; and the presidents of several top private equity firms and hedge funds. Members of Aravo’s board include Peggy Taylor, Goldman Sachs Advisory Director, Fredric Steck, and former Missouri Congressman Dick Gephardt.
About Aravo
The world’s best-run businesses utilize Aravo’s Cloud-based Supplier Lifecycle Management solutions and Supplier Risk Services to find and manage trading partner relationships, reduce supply chain risk, ensure global regulatory compliance and lower the cost of managing suppliers by up to 72%. Aravo launched the market’s first SIM/SLM solution in 2004 and has been the leading innovator in the space ever since. Customers such as General Electric, Accenture, and Boston University rely on Aravo to manage information and processes for over 2 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, Dallas, New York, Portland, Monterrey, Mexico and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and others.
