IBM Aims for B2B E-Commerce
Page 1 of 1
Calling their joint venture "B2B Redefined," the three companies will integrate their technologies, as well as develop global marketing strategies and integrated selling of targeted solutions. IBM's investment in the two companies accounts for a minority interest. Specific details were not disclosed.
IBM (IBM) will work with i2 (ITWO) and Ariba (ARBA) to develop an open marketplace platform by integrating i2's TradeMatrix marketplace tools and the Ariba B2B e-commerce platform with its existing IBM technology.
The new platform will be compatible with IBM's e-business software, including WebSphere, WebSphere Commerce Suite, DB2 and MQSeries.
"IBM, Ariba, and i2 have taken the best of what we each have to offer and created a solution and a set of tools that will immediately allow customers -- whether they want to improve internal efficiencies or become market makers -- to not only get in the game, but win," said Etherington.
The business-to-business e-commerce space is hot right now, with analysts predicting it to be a $400 billion business this year alone. By 2004, B2B e-commerce will represent 7 percent of the forecasted $105 trillion total global sales transactions, according to a recent study by Gartner Group Inc.