Verticalnet took another step in its transformation from
a B2B e-marketplace company, this time rolling out a new version (4.0) of its
“collaborative supply chain” applications.
This time around the software suite integrates the assets of Atlas Commerce,
which the company
acquired in December 2001.
The Malvern, Pa.-based company, a former rising star in the
industry-specific vertical markets arena with a stock price that at one time
was more than $140 a share, has refocused its
business on enabling software that lets users, in effect, create private
trading hubs.
The new release of the software enhances Verticalnet’s sourcing,
collaborative planning, and
order management applications by offering integrated user management and
single sign-on capabilities; easier trading partner enablement and
integration; and increased ease of use and scalability, the company said.
“Verticalnet 4.0 eliminates some of the most significant barriers to
collaborative commerce — trading partner enablement, integration, and
security — enabling companies to collaborate with their suppliers and
customers more efficiently to take costs and inventory out of the supply
chain,” said Kevin McKay, CEO of Verticalnet and former former SAP America
chief executive officer.
The company has a 1-for-10 reverse stock split, designed to head off
delisting by Nasdaq, scheduled to take effect July 15.