RealTime IT News

CommerceNet to Manage OBI Consortium

The OBI Consortium, the organization that created the Open Buying on the Internet standard, formed a strategic partnership with CommerceNet, the industry association for Internet commerce.

CommerceNet will be replacing SupplyWorks, an Internet commerce services company, in managing the Boston-based OBI Consortium. The Consortium will retain its independence and at the same time benefit from the expertise and status CommerceNet has achieved in promoting interoperability in electronic commerce, the organizations said.

Monica Luechtefeld, president of the OBI Consortium, said: "This strategic partnership with CommerceNet supports the evolution of the Consortium and allows us a unique opportunity to leverage CommerceNet's considerable electronic commerce experience to further the support and adoption of the OBI standard."

She added that "the SupplyWorks organization performed a commendable service not only to the Consortium but to the Internet commerce community in both expertise and leadership through our challenging formative period."

"A close working relationship with OBI will benefit both organizations and our members by expanding the scope and value of electronic commerce," said Randall C. Whiting, president and CEO of CommerceNet.

The OBI Consortium grew out of the Internet Purchasing Roundtable, which was formed by a group of Fortune 500 companies and their key suppliers in October 1996. Their goal was to provide access to easy-to-use, open, standards-based Internet purchasing solutions for the procurement of high-volume, low-dollar indirect goods and services.

Through a consensus-based process that included consultation with technology providers and financial institutions, the Roundtable participants developed the OBI Standard, which is based upon a common business vision, and includes a generic set of requirements, an architecture, and an exact technical specification. OBI standard 1.0 was released in May, 1997.