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.”
Commerce One Invests in NetVendor
