Ariba and Agile Announce Mutual Termination of Merger Agreement

Apr 02, 2001, 01:00 ET from Ariba, Inc.

    MOUNTAIN VIEW, Calif. and SAN JOSE, Calif., April 2 /PRNewswire/ --
 Ariba, Inc. (Nasdaq:   ARBA) and Agile Software Corporation (Nasdaq:   AGIL) today
 announced that, due to the challenging economic and market conditions, they
 have mutually agreed to terminate their proposed merger agreement without
 payment of any termination fees.
     "We are disappointed that adverse economic and market conditions prevent
 the merger with Agile from proceeding as planned," said Keith Krach, chairman,
 and chief executive officer of Ariba. "Ariba will continue to focus on
 extending its leadership position in e-commerce and delivering the
 applications and network solutions that enable customers to automate their
 business processes and interactions with trading partners."
     "These are clearly difficult economic times. Focusing on customer success
 in implementing mission-critical systems for key business processes has always
 served Agile well, in good times or bad. As we go forward from here, we will
 redouble our efforts in this area," said Bryan Stolle, chairman and chief
 executive officer of Agile. "Although disappointed in not being able to
 complete this merger, Agile and Ariba share a leadership position and vision
 for automating inter-enterprise business processes, and we plan to continue to
 leverage our strengths and broaden our collaborative manufacturing commerce
 offerings to provide added value to our customers."
 
     Ariba Conference Call
     The company will be holding a conference call today at 2:00 pm PDT. The
 dial-in number is 719-457-2654. There will be a live web broadcast available
 on the investor relations web site at www.ariba.com. A replay of this call
 will be available at 4:00 PDT by dialing 719-457-0820, passcode
 462-927.
 
     Agile Conference Call
     Agile will conduct a conference call for investors and media tomorrow,
 April 3, 2001 at 2:00 p.m. PDT. The dial-in number is 888-604-5272. There will
 be a live web broadcast available on the investor relations website at
 www.agilesoft.com.
 
     About Ariba
     Ariba, Inc. is the leading business-to-business (B2B) eCommerce platform,
 provider. Through the Ariba B2B Commerce Platform -- an open, end-to-end
 infrastructure of interoperable software solutions and hosted Web-based
 commerce services -- the company enables efficient online trade, integration
 and collaboration between B2B marketplaces, buyers, suppliers and commerce
 service providers. The global reach and best-of-breed functionality of the
 Ariba B2B Commerce Platform creates Internet-driven economies of scale and
 process efficiencies for leading companies around the world. Ariba can be
 contacted in the U.S. at 650-930-6200 or at www.ariba.com.
 
     About Agile
     Agile Software Corporation is a leading supplier of business-to-business
 collaborative manufacturing commerce solutions. Agile products enable supply
 chain partners to communicate and collaborate over the Internet about new or
 changing product content, and then source and procure the required components.
 At MyAgile.com(TM), Agile also provides the dispersed supply chain with
 mission-critical eServices such as online marketplaces, custom part
 procurement, wireless access, and components research. Agile customers include
 Amkor Technologies, Compaq Computer, Dell Computer, Flextronics International,
 Flow International, GE Medical Systems, International Paper, Juniper Networks,
 Lucent Technologies, Nvidia, Philips, Sycamore Networks, Texas Instruments,
 Zhone Technologies, and others. For more information, call 408-975-3900, or
 visit Agile at www.agilesoft.com.
 
     NOTE:  Ariba and the Ariba logo are registered trademarks of Ariba, Inc.
 in the United States and in other countries. Ariba B2B Commerce Platform,
 Ariba Buyer and Ariba Commerce Services Network are trademarks of Ariba Inc.
 
     Ariba Safe Harbor
     Safe Harbor Statement Under the Private Securities Litigation Reform Act
 1995:  Information and announcements in this release involve Ariba's
 expectations, beliefs, hopes, plans, intentions or strategies regarding the
 future and are forward-looking statements that involve risks and
 uncertainties. All forward-looking statements included in this release are
 based upon information available to Ariba as of the date of the release, and
 we assume no obligation to update any such forward-looking statements. These
 statements are not guarantees of future performance and actual results could
 differ materially from our current expectations. Factors that could cause or
 contribute to such differences include, but are not limited to: delays in
 development or shipment of new versions of our Ariba B2B Commerce Platform;
 lack of market acceptance of the Ariba B2B Commerce Platform or other new
 products or services; inability to continue to develop competitive new
 products and services on a timely basis; introduction of new products or
 services by major competitors; our ability to attract and retain qualified
 employees; difficulties in assimilating companies previously acquired,
 including Tradex, Trading Dynamics, and SupplierMarket.com; inability to
 expand our operations to support increased growth; the recognition of an
 increasing portion of revenues at the end of the quarter; declining economic
 conditions, including a recession; inability to control costs; changes in our
 pricing or compensation policies; inability to successfully manage a reduction
 in the company's workforce; and significant fluctuations in our stock price.
 These and other factors and risks associated with our business are discussed
 in the Company's Form 10-K filed December 29, 2000 and Form 10-Q filed
 February 14, 2001.
 
     Agile Safe Harbor
     This "Safe Harbor" Statement Under the Private Securities Litigation
 Reform Act of 1995:  Information in this release that involves Agile's
 beliefs, hopes, plans, expectations, intentions or strategies regarding the
 future consists of forward-looking statements that involve risks and
 uncertainties, which are based upon information available to Agile as of the
 date of the release, and we assume no obligation to update any such
 forward-looking statement. These statements are not guarantees of future
 performance and actual results could differ materially from our current
 expectations. Factors that could cause or contribute to such differences
 include, but are not limited to, declining economic conditions including a
 possible recession, cutbacks by our customers in their purchases of software
 such as ours, delays and difficulties in introducing new products and upgrades
 of existing versions of our products; lack of market acceptance of Agile
 Anywhere(TM) or Agile Buyer or other new products or services; inability to
 continue timely delivery of competitive new products and services;
 introduction of new products or services by major competitors; risks related
 to the Internet on our business and prospects; and our ability to recruit or
 retain necessary personnel and significant fluctuations in our stock price.
 These and other factors and risks associated with our business are discussed
 in the Company's Form 10-K filed July 24, 2000 and Form 10-Q filed on
 March 12, 2001. Agile Software, the Agile Software logo, Agile Anywhere, Agile
 Buyer, Agile NetCCB, and MyAgile.com are trademarks of Agile Software
 Corporation in the U.S. and/or other countries. All other brand or product
 names are trademarks and registered trademarks of their respective holders.
 
 

SOURCE Ariba, Inc.
    MOUNTAIN VIEW, Calif. and SAN JOSE, Calif., April 2 /PRNewswire/ --
 Ariba, Inc. (Nasdaq:   ARBA) and Agile Software Corporation (Nasdaq:   AGIL) today
 announced that, due to the challenging economic and market conditions, they
 have mutually agreed to terminate their proposed merger agreement without
 payment of any termination fees.
     "We are disappointed that adverse economic and market conditions prevent
 the merger with Agile from proceeding as planned," said Keith Krach, chairman,
 and chief executive officer of Ariba. "Ariba will continue to focus on
 extending its leadership position in e-commerce and delivering the
 applications and network solutions that enable customers to automate their
 business processes and interactions with trading partners."
     "These are clearly difficult economic times. Focusing on customer success
 in implementing mission-critical systems for key business processes has always
 served Agile well, in good times or bad. As we go forward from here, we will
 redouble our efforts in this area," said Bryan Stolle, chairman and chief
 executive officer of Agile. "Although disappointed in not being able to
 complete this merger, Agile and Ariba share a leadership position and vision
 for automating inter-enterprise business processes, and we plan to continue to
 leverage our strengths and broaden our collaborative manufacturing commerce
 offerings to provide added value to our customers."
 
     Ariba Conference Call
     The company will be holding a conference call today at 2:00 pm PDT. The
 dial-in number is 719-457-2654. There will be a live web broadcast available
 on the investor relations web site at www.ariba.com. A replay of this call
 will be available at 4:00 PDT by dialing 719-457-0820, passcode
 462-927.
 
     Agile Conference Call
     Agile will conduct a conference call for investors and media tomorrow,
 April 3, 2001 at 2:00 p.m. PDT. The dial-in number is 888-604-5272. There will
 be a live web broadcast available on the investor relations website at
 www.agilesoft.com.
 
     About Ariba
     Ariba, Inc. is the leading business-to-business (B2B) eCommerce platform,
 provider. Through the Ariba B2B Commerce Platform -- an open, end-to-end
 infrastructure of interoperable software solutions and hosted Web-based
 commerce services -- the company enables efficient online trade, integration
 and collaboration between B2B marketplaces, buyers, suppliers and commerce
 service providers. The global reach and best-of-breed functionality of the
 Ariba B2B Commerce Platform creates Internet-driven economies of scale and
 process efficiencies for leading companies around the world. Ariba can be
 contacted in the U.S. at 650-930-6200 or at www.ariba.com.
 
     About Agile
     Agile Software Corporation is a leading supplier of business-to-business
 collaborative manufacturing commerce solutions. Agile products enable supply
 chain partners to communicate and collaborate over the Internet about new or
 changing product content, and then source and procure the required components.
 At MyAgile.com(TM), Agile also provides the dispersed supply chain with
 mission-critical eServices such as online marketplaces, custom part
 procurement, wireless access, and components research. Agile customers include
 Amkor Technologies, Compaq Computer, Dell Computer, Flextronics International,
 Flow International, GE Medical Systems, International Paper, Juniper Networks,
 Lucent Technologies, Nvidia, Philips, Sycamore Networks, Texas Instruments,
 Zhone Technologies, and others. For more information, call 408-975-3900, or
 visit Agile at www.agilesoft.com.
 
     NOTE:  Ariba and the Ariba logo are registered trademarks of Ariba, Inc.
 in the United States and in other countries. Ariba B2B Commerce Platform,
 Ariba Buyer and Ariba Commerce Services Network are trademarks of Ariba Inc.
 
     Ariba Safe Harbor
     Safe Harbor Statement Under the Private Securities Litigation Reform Act
 1995:  Information and announcements in this release involve Ariba's
 expectations, beliefs, hopes, plans, intentions or strategies regarding the
 future and are forward-looking statements that involve risks and
 uncertainties. All forward-looking statements included in this release are
 based upon information available to Ariba as of the date of the release, and
 we assume no obligation to update any such forward-looking statements. These
 statements are not guarantees of future performance and actual results could
 differ materially from our current expectations. Factors that could cause or
 contribute to such differences include, but are not limited to: delays in
 development or shipment of new versions of our Ariba B2B Commerce Platform;
 lack of market acceptance of the Ariba B2B Commerce Platform or other new
 products or services; inability to continue to develop competitive new
 products and services on a timely basis; introduction of new products or
 services by major competitors; our ability to attract and retain qualified
 employees; difficulties in assimilating companies previously acquired,
 including Tradex, Trading Dynamics, and SupplierMarket.com; inability to
 expand our operations to support increased growth; the recognition of an
 increasing portion of revenues at the end of the quarter; declining economic
 conditions, including a recession; inability to control costs; changes in our
 pricing or compensation policies; inability to successfully manage a reduction
 in the company's workforce; and significant fluctuations in our stock price.
 These and other factors and risks associated with our business are discussed
 in the Company's Form 10-K filed December 29, 2000 and Form 10-Q filed
 February 14, 2001.
 
     Agile Safe Harbor
     This "Safe Harbor" Statement Under the Private Securities Litigation
 Reform Act of 1995:  Information in this release that involves Agile's
 beliefs, hopes, plans, expectations, intentions or strategies regarding the
 future consists of forward-looking statements that involve risks and
 uncertainties, which are based upon information available to Agile as of the
 date of the release, and we assume no obligation to update any such
 forward-looking statement. These statements are not guarantees of future
 performance and actual results could differ materially from our current
 expectations. Factors that could cause or contribute to such differences
 include, but are not limited to, declining economic conditions including a
 possible recession, cutbacks by our customers in their purchases of software
 such as ours, delays and difficulties in introducing new products and upgrades
 of existing versions of our products; lack of market acceptance of Agile
 Anywhere(TM) or Agile Buyer or other new products or services; inability to
 continue timely delivery of competitive new products and services;
 introduction of new products or services by major competitors; risks related
 to the Internet on our business and prospects; and our ability to recruit or
 retain necessary personnel and significant fluctuations in our stock price.
 These and other factors and risks associated with our business are discussed
 in the Company's Form 10-K filed July 24, 2000 and Form 10-Q filed on
 March 12, 2001. Agile Software, the Agile Software logo, Agile Anywhere, Agile
 Buyer, Agile NetCCB, and MyAgile.com are trademarks of Agile Software
 Corporation in the U.S. and/or other countries. All other brand or product
 names are trademarks and registered trademarks of their respective holders.
 
 SOURCE  Ariba, Inc.