dcsimg
RealTime IT News

Commerce One Bows New Partnerships

E-marketplace solution provider Commerce One Inc. Monday completed its acquisition of AppNet, a provider of end-to-end Internet professional services.

The acquisition, valued at $2 billion, was first announced in late June. The deal is structured as a tax-free, stock-for-stock exchange and will be accounted for as a purchase transaction.

"With this acquisition, we will have a whole new set of services and consulting capabilities that will help the emarketplace get liquid much faster," said Chuck Donchess, executive vice president and chief strategy officer, Commerce One .

He added that the relationship will additionally reduce the time for liquidity for marketplaces, accelerate supplier adoption and drive greater business functionality through in-depth supply chain integration.

The two companies are already collaborating on several joint customer efforts, including Pantellows, Exostar, Trade-Ranger, Covisint and the Metals and Mining Exchange.

The announcement was made at "elink 2000 Las Vegas: The Smartest Way from B2B," a trade show event focusing on ecommerce efforts in information technology, marketing and finance.

During the press conference, Donchess made several announcements, including:

  • Commerce One and German enterprise-software maker SAPMarkets have finalized plans to merge their products. The vendors, which unveiled their alliance in June, are rolling out a solution for Cable & Wireless, which is designed to improve the efficiency of Cable & Wireless' e-procurement program.
  • The development the Commerce One Affiliate Program designed to syndicate business services for e-marketplaces. More than 40 business services providers have signed on to participate in the program. Their services are now available directly to buyers and suppliers on the next generation of Commerce One.net and through syndication to other e-marketplaces.

"It is expected that business service syndication will make it easy for e-marketplace operators to tap into the services their buyers and suppliers need to conduct e-commerce without the lengthy process of identifying, negotiating and partnering with business service providers," said Dochness.

"We have established new relationships with leading procurement, auction, planning, financial and business analysis service providers and is syndicating these services through Commerce One.net, providing customer access to high quality business services." he said. "This portfolio of business services is open, enabling B2B e-commerce regardless of the type of platform used by the trading partners."

The new program takes advantage the Commerce One Business Services Framework, a core technology component of the company's e-marketplace solutions, including the recently announced MarketSet from SAPMarkets & Commerce One.

As part of the two companies' strategic alliance, SAPMarkets will bring additional new members to the Commerce One Affiliate Program.

In related news, it was also announced Monday that Commerce One is powering the pilot of eHITEX, an e-marketplace for the high-tech industry. The marketplace is designed to improve supply chain efficiency and procurement among its founding members, their buyers and suppliers.

eHITEX founding members include without limitation Agilent, AMD, Canon, Compaq, Gateway, Hitachi, Hewlett-Packard, NEC, Quantum, Samsung, SCI Systems, Solectron, Synnex, Tatung, and Western Digital. The collective annual procurement spending of the eHITEX partners exceeds $300 billion.

It was also announced that Commerce One and Cap Gemini Ernst & Young U.S. LLC have established preliminary plans to expand their existing relationship and form a strategic global alliance.

Through the partnership, the companies plan to create emarketplaces for B2



×
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.