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TheStreet Open House

Networks Emerge As New Model For Business

Business has changed. In the old days, companies were hierarchical and focused on controlling information. Today, they are learning to collaborate and share knowledge more efficiently – both internally and externally - to improve their performance, profits and advantage in the marketplace. And they’re using business networks to do it.

“The new model for business is all about networking,” said Michael Fauscette, Group Vice President of Software Business Solutions for independent research firm IDC. “The connectivity of the Internet is fueling a new kind of hyper-connected company that is connecting with its employees, customers, partners and suppliers and leveraging those connections as a community to solve important business problems.”

On October 2, Ariba, Inc. (Nasdaq: ARBA), the world’s business commerce network, will kick off the 2012 Ariba Commerce Summits, a series of global events aimed at helping companies of all sizes understand how they can plug into business networks to deliver value to every aspect of their business.

“Leading executives have seen the writing on the wall and come to understand that creating value means embracing networks of people and coordinating their efforts to deliver business results faster,” said Tim Minahan, Chief Marketing Officer, Ariba. “The 2012 Ariba Commerce Summits are uniquely designed to arm them with the insights and information they need to coordinate a virtual extraprise of partners into a shared community and execute processes in a more collaborative and informed way than in the past.”

The free, half-day events will feature industry thought leaders and executives who will share their insights business networks and tips on leveraging them to drive greater productivity and boost financial performance.

“The cloud is powering a new kind of collaboration across the business,” said Fauscette, who will present at the Ariba Commerce Summits in New York, Atlanta and San Mateo. “And enterprises that leverage collaboration in conjunction with content and community and manipulate them through business networks, can create tremendous value.”

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