Aravo Raises $10 Million in Series C Funding to Fuel Growth

Aravo Solutions, Inc., the leading provider of on-demand Supplier Information Management (SIM) software and services, today announced that it has secured $10 million in Series C funding. The funds will be used to open regional sales and delivery offices in key markets and to launch new products.

Aravo has taken in $22 million in total funding to date, nearly all from individual investors. All Series A and Series B lead investors participated in the Series C round, including the Charles Schwab Family/Big Sky Partners; Art Samberg, CEO, Pequot Capital; Peggy Taylor, former EVP-Global Operations, PeopleSoft; Tony Mayer, former CEO, JP Morgan Capital; and a syndicate of senior partners and directors from Goldman Sachs and Morgan Stanley. New investors in the Series C round included Stephen Friedman, retired Chairman, Goldman Sachs; Søren Kenner, managing partner, LundKenner A/S, whose partners seed-funded Skype; and the presidents of several top private equity firms.

Aravo's flagship Aravo SIM(TM) solution provides enterprises with a proven framework for enabling and managing supplier information within leading ERP and eProcurement applications such as Oracle, SAP, and Ariba. Delivered on a software-as-a-service platform, Aravo SIM automates and manages the entire supplier information lifecycle, helping companies quickly and accurately onramp and manage supplier master data across business systems. Aravo SIM provides role-based dashboards to give all supply chain partners instant access to accurate information in real time, delivering a single source of supplier truth that supports collaboration and automation. Using Aravo SIM companies can create error-free transactions, provide actionable decision support, and turn supplier information into a valuable asset that can be leveraged throughout the organization.

"Aravo is extremely pleased to announce the closing of our oversubscribed Series C round," said CEO Tim Albinson. "We are lucky to have such supportive, engaged investors in our corner. This new funding will allow us to make critical investments in our sales and delivery capacity, and to launch new products, including an exciting product announcement slated for mid-September. After many years of hard work, we are at an inflection point in our growth and our future looks very bright."

"Aravo has assembled an impressive list of accomplishments in recent years," said Aravo investor and Board Member Fredric Steck. "Their investor list is world class, but so is their management team, staff, product, services, and customer list. Aravo has shown a clear commitment to a focused, methodical approach to growing their business, and the success of the latest fundraising effort is but another indication that the company is headed for greatness."

About Aravo Solutions

Aravo helps companies quickly and accurately on-ramp and manage supplier master data, enabling them to create error-free transactions, provide actionable decision support, and turn supplier information into a valuable asset that can be leveraged throughout the organization. Aravo SIM(TM) is an on-demand enablement platform providing enterprises with a proven framework for enabling and managing supplier information within leading ERP and e-procurement applications such as Oracle, SAP and Ariba. Aravo is headquartered in San Francisco, California. For information, visit Aravo's Web site at www.aravo.com .

Public Relations Contact: Chris Greenfield Aravo Solutions 415-292-0840, extension 206 cgreenfield@aravo.com