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IBM Canada, Partners to Create E-Marketplaces

[Toronto, CANADA] IBM Canada, VerticalBuilder.com Inc., and RightWorks Corp. will create three vertical e-marketplaces to drive efficiency and productivity into the markets they serve.

VerticalBuilder.com, a Calgary-based business-to-business (B2B) e-commerce supplier, and RightWorks, a provider of B2B e-procurement and exchange software for digital marketplaces, will work with IBM Canada to launch three marketplaces this year.

Each e-marketplace is targeted to serve a specific industry: Oilsphere for the petroleum industry, Utilisphere for the energy utility community, and BuildersHarbor for the building and construction industry.

Each marketplace, built on RightWorks' digital marketplace platform, will be designed to offer procurement, project management, and collaboration functionality and will include workflow management, automated requests for quotes, auctioning and inventory management services.

VerticalBuilder incubates and invests in early-stage technology companies involved in B2B e-commerce and other emerging sectors. Its group of companies benefit from corporate management, corporate financing, and technology services provided by VerticalBuilder and its network of strategic partners.

RightWorks offers capabilities that corporations and net market makers adopt as as either in-house or hosted solutions. RightWorks customers represent a range of markets and include companies such as CSC, FacilityPro.com, NetworkCommerce, VerticalNet and Wells Fargo Bank. It is a privately held company backed by Internet Capital Group, Sequoia Capital and others.