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Ariba acquires SupplierMarket.com

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Mountain View, Calif.--Ariba Corp. continues to make moves into the direct materials procurement space, acquiring privately held SupplierMarket.com for about $580 million. SupplierMarket.com, Burlington, Mass., provides online collaborative sourcing technologies--especially focused on the direct materials market--that let companies find new trading partners, negotiate contracts and collaborate via the Internet.
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