Ariba Announces Partnership with Blackstone to Track and Manage Spending

  Ariba Announces Partnership with Blackstone to Track and Manage Spending

Asset management firm leverages cloud-based solutions to optimize performance
       and support growth initiatives across global portfolio companies

Business Wire

SUNNYVALE, Calif. -- November 27, 2012

Ariba, an SAP Company and the world’s business commerce network, today
announced that it has established a preferred vendor relationship with
Blackstone (NYSE: BX) to track and manage spending across Blackstone’s private
equity portfolio.

Fueled by mega-shifts in how technology is accessed and delivered, companies
are unleashing a new model for operating that is helping to improve their
productivity, profits and ultimately, their advantage in an ultra-competitive
marketplace.

“In leveraging Ariba’s cloud-based applications and business network,
Blackstone can move beyond simple spend management to manage its capital in a
more collaborative and informed way that drives long-term, sustainable growth
across its portfolio companies and larger business,” said Al Loges, Managing
Director, Ariba Private Equity Solutions.

To find savings, Blackstone uses a unique cloud-based application, Ariba^®
Spend Visibility^™, to track and analyze spending at the portfolio company
level. Leveraging an integrated spend management dashboard, Blackstone can
gain a 360-degree view of all purchasing activity and data across its global
portfolio of companies. And through a powerful yet easy-to-use reporting
engine with comprehensive data enrichment, they can obtain deep and ongoing
visibility into both internal purchasing and external supply and sourcing
market dynamics.

To improve procurement across its portfolio companies, Blackstone leverages
Ariba Sourcing^™ On-Demand, which creates effective markets for direct
materials and indirect goods and services.

Greg Beutler, Executive Director, Blackstone said, “Ariba’s solutions, are
helping Blackstone drive savings at portfolio companies, which can be directly
applied to growth initiatives.”

About Blackstone

Blackstone is one of the world’s leading investment and advisory firms. We
seek to create positive economic impact and long-term value for our investors,
the companies we invest in, the companies we advise and the broader global
economy. We do this through the commitment of our extraordinary people and
flexible capital. Our alternative asset management businesses include the
management of private equity funds, real estate funds, hedge fund solutions,
credit-oriented funds and closed-end funds. The Blackstone Group also provides
various financial advisory services, including financial and strategic
advisory, restructuring and reorganization advisory and fund placement
services. Further information is available at www.blackstone.com. Follow us on
Twitter @Blackstone.

About Ariba, an SAP Company

Ariba is the world’s business commerce network. Ariba combines
industry-leading cloud-based applications with the world's largest web-based
trading community to help companies discover and collaborate with a global
network of partners. Using the Ariba® Network, businesses of all sizes can
connect to their trading partners anywhere, at any time from any application
or device to buy, sell and manage their cash more efficiently and effectively
than ever before. Companies around the world use the Ariba Network to simplify
inter-enterprise commerce and enhance the results that they deliver. Join them
at: www.ariba.com

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps
companies of all sizes and industries run better. From back office to
boardroom, warehouse to storefront, desktop to mobile device – SAP empowers
people and organizations to work together more efficiently and use business
insight more effectively to stay ahead of the competition. SAP applications
and services enable more than 197,000 customers to operate profitably, adapt
continuously, and grow sustainably. For more information, visit www.sap.com.

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© 2012 by SAP AG. All rights reserved.

SAP and the SAP logo are registered trademarks of SAP AG in Germany and other
countries. Business Objects and the Business Objects logo are trademarks or
registered trademarks of Business Objects Software Ltd. Business Objects is an
SAP company. Sybase and the Sybase logo are registered trademarks of Sybase
Inc. Sybase is an SAP company. Ariba, the Ariba logo, Quadrem, b-process,
Ariba Discovery and other Ariba products and services mentioned herein as well
as their respective logos are trademarks or registered trademarks of Ariba,
Inc. or its subsidiaries in the United States and other jurisdictions. Ariba
is an SAP company.

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Contact:

Ariba
Karen Master, 412-297-8177
kmaster@ariba.com
 
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