TradingCars.com selects Ariba B2B Commerce Platform Ariba Dynamic Trade solution to power online car marketplace Amsterdam, November 01, 2000 - TradingCars.com, a marketplace that enables worldwide suppliers, importers and traders of passenger cars to reach each other, and Ariba Inc., (Nasdaq: ARBA) the leading business-to-business (B2B) eCommerce platform and network services provider, today announced that TradingCars.com has selected the Ariba® B2B Commerce Platform to power it’s marketplace. TradingCars.com has deployed the Ariba Dynamic Trade solution for its neutral and independent B2B Internet marketplace for car trade. Ariba Dynamic Trade is a software solution that enables dynamic trade mechanisms, such as auctions, reverse auctions, bid/ask exchanges and negotiations. With the help of this Ariba application, TradingCars.com gives wholesalers, importers and car suppliers access to the electronic platform where they can participate in professional car auction transactions. Ariba Dynamic Trade enables buyers and suppliers of cars to negotiate transactions online through the TradingCars.com marketplace and to make deals on the basis of price as well as on a large number of other non-price related attributes. Some of the benefits included are payment methods and delivery dates. Ariba Dynamic Trade is ”the engine” for TradingCars.com’s complete virtual marketplace. Ariba Dynamic Trade enables dynamic pricing and auctions for the virtual car trade by which TradingCars.com will sell and buy cars online. “The TradingCars.com marketplace proves that an auction marketplace in a business-to-business environment can have very specific components,” says Arjen Koonings, Ariba’s Country Manager for Benelux. “By adding Ariba Dynamic Trade to their electronic marketplace, TradingCars.com will provide further eCommerce efficiencies through powerful auction and negotiation features to their customers and partners.” About TradingCars.com TradingCars.com is world’s first business-to-business platform that facilitates the world car business on a professional level. The goal of this marketplace is to provide to universal traders, importers and suppliers more effective and efficient mechanisms for the purchase and selling of passengers cars. TradingCars.com operates from this Internet-based virtual marketplace as a third party, completely neutral and non-binding. About Ariba Inc. 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 create 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. In The Netherlands Ariba can be reached on the following telephone number: +31 (0)23 568 47 20.
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