RealTime IT News

New Vertical B2B Player Established

Chemdex Corp. said it has established Ventro Corp., a new company focused on building and operating next-generation business-to-business vertical marketplace companies.

Ventro was created to leverage the assets originally developed by Chemdex in the life sciences market across multiple vertical marketplaces, Chemdex said.

Ventro is a publicly traded company that incorporates all of the existing operations of Chemdex and Promedix. Ventro will use the Chemdex stock symbol, CMDX, until March 1, when this symbol will be replaced by VNTR.

Ventro said it will create e-commerce marketplace companies through joint ventures with industry-leading partners or through acquisitions. Ventro said it will target large, inefficient, fragmented markets that have significant revenue and product gross margin potential.

The Ventro companies will include Chemdex, (which recently partnered with e-commerce company Commerce One), Promedix, Industria Solutions and the Ventro-Tenet Healthcare Supply Venture, each with its own industry-specific management team. SpecialtyMD.com, another recent Chemdex acquisition, also becomes part of Ventro. No financial transactions are associated with the formation of Ventro.

The existing Chemdex management team transitions to become the Ventro management team, which includes David Perry as president and chief executive officer.

Ventro companies offer complete e-commerce solutions consisting of extensive online marketplaces, electronic procurement, systems integration to interface with customer and supplier systems, and comprehensive services and support.