RealTime IT News

Commerce One Invests in NetVendor

E-commerce solution provider Commerce One Inc. made an unspecified investment in privately held NetVendor, a provider of B2B supplier apps.

The companies also said they are forming an alliance designed to help connect supplier companies to B2B e-marketplaces, with a focus on the automotive, electronics, and aerospace business segments.

Commerce One also named NetVendor as a sell-side independent software vendor (ISV) focused on direct material solutions, and said both companies plan to cultivate joint marketing and sales opportunities.

NetVendor said it will provide a real-time interface to Commerce One's e-marketplace solutions and its Global Trading Web, a business-to-business trading community with members across 54 countries on six continents. Plans also call for expansion of the interface capabilities to include Commerce One e-procurement and supplier solutions.

"We believe the future of business-to-business commerce is e-marketplaces," said Mark Hoffman, chairman and CEO of Commerce One. "We expect that NetVendor's solutions coupled with Commerce One's e-marketplace infrastructure, will drive supplier participation and provide a faster path to liquidity."

"The new initiative and investment reflect the increased market appetite for coupling buy-side and sell-side solutions," said Sean McCloskey, president and CEO, NetVendor. "It's an important milestone for NetVendor that Commerce One has expanded its agreement with us and made a significant investment in our company."