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.”
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 https://aravo.com.