Exhibit 99.2
Contact: Stefanie Elkins
Ariba, Inc.
650-930-6200
investor@ariba.com
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Hilary Spartz
Agile Software Corporation
408-975-7847
Hilary.spartz@agilesoft.com
ARIBA AND AGILE ANNOUNCE MUTUAL TERMINATION OF MERGER AGREEMENT
MOUNTAIN VIEW, Calif. and SAN JOSE, Calif - April 2, 2001 - 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 PT. 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
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available at 4:00 PT 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. PST. The dial-in number is 1-888-604-5272. There will be a
live web broadcast available on the investor relations website at
www.agilesoft.com.
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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 +1.650.930.6200 or at www.ariba.com.
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About Agile
Agile Software Corporation (Nasdaq: AGIL) 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.comTM, 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.
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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.