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SAPMarkets, Inc and Commerce One Inc

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Commerce One Inc. (Nasdaq: CMRC) and SAPMarkets, Inc., the SAP AG (NYSE:SAP) subsidiary, today announced they will deliver their joint e-marketplace solution for the Integrated Business Exchange (IBX), throughout the Nordic region. The independently owned open exchange, founded by Ericsson, SEB and b-business partners will link buyers and sellers of goods and services across all industries and countries in the Nordic region.

IBX will run on MarketSet(TM), the joint solution recently developed by Commerce One and SAPMarkets. As Commerce One and SAPMarkets’ first joint Nordic customer, IBX will become a leading B2B e-marketplace in the Nordic region and join the Commerce One Global Trading Web(TM), the world’s largest business-to-business (B2B) trading community.

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By transacting through IBX, it is expected that enterprises throughout the Nordic region, including Sweden, Denmark, Finland and Norway, will be able to conduct business with greatly increased speed, reach and efficiency.

“The advanced architecture of the SAPMarkets and Commerce One solution and their experience in building international e-marketplaces convinced us to choose them as partners,” said Hans Ahlinder, CEO of IBX.

“By adopting the SAPMarkets and Commerce One solution, we will be able to offer our clients even more effective ways of doing business.”

Bernd-Uwe Pagel, managing director of SAPMarkets Europe, said, “By utilizing MarketSet, the SAPMarkets and Commerce One joint solution, IBX offers businesses in the entire Nordic region tremendous opportunity to drastically reduce order-to-delivery cycle times, improve customer relationships and increase productivity.”

“We believe IBX is in an ideal position to revolutionize B2B e-commerce in the Nordic region,” said Paul Taylor, vice president and general manager of EMEA Operations for Commerce One. “We expect that businesses participating in this e-marketplace will benefit from an open B2B infrastructure and solution allowing them to easily transact and collaborate with one another regionally and on a global scale through the Global Trading Web.”

IBX is currently in negotiation with further potential investors across the Nordic region to join forces on this exchange.

Founded by Commerce One and including leading corporations from around the world, the Global Trading Web is the world’s largest business-to-business trading community. Comprised of many interoperating e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organisations, suppliers, and business service providers worldwide.

The IBX Integrated Business Exchange was founded in 2000 by SEB, Ericsson and b-business partners and is one of the most powerful business-to-business exchanges in northern Europe. The marketplace brings together buyers and sellers who want to render their business more effective and cost efficient and interact with each other via the Internet. Clients’ products range from high-volume office supplies to critical IT appliances, as well as consultancy services. By facilitating efficient transactions and creating a focal point of competence, IBX provides its customers with lowered costs and competitive advantages.

IBX currently has 20 employees and estimates to be 100 people in 2001.

In June 2000, SAPMarkets and Commerce One announced the teaming of Commerce One’s leading e-marketplace infrastructure and B2B solutions with top-rated mySAP.com e-business applications from SAP and SAPMarkets. The joint offering combines e-procurement with collaborative services for trading communities, dramatically reducing cycle times, improving customer relationships and increasing productivity for businesses worldwide. The Commerce One and SAPMarkets team strategy is unique in the industry, including product strategy, co-engineering, joint marketing, sales and support, and thus offers enterprises and trading communities a single source for the entire range of open business-to-business solutions and e-marketplaces. Commerce One is located in Pleasanton, Calif., and can be reached in Europe by phone at +44 (0) 1753 483000 or via the Internet at http://www.commerceone.com. SAPMarkets, based in Palo Alto, Calif., can be found at http://www.sapmarkets.com. More information on SAP can be found at http://www.sap.com.

SAP AG and SAPMarkets Forward-Looking Statements

This press release contains forward-looking statements based on beliefs of SAP management. Any statements contained in this press release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. Such statements reflect the current views and assumptions of SAP, and all forward-looking statements are subject to various risks and uncertainties that could cause results to differ materially from expectations. The factors that could affect future SAP financial results are discussed more fully in SAP filings with the U.S. Securities and Exchange Commission (the “SEC”), including the SAP Annual Report on Form 20-F for 1999 filed with the SEC on April 7, 2000. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. SAP undertakes no obligation to publicly update or revise any forward-looking statements.

Commerce One Forward-Looking Statements

The foregoing paragraphs include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements concerning Commerce One’s commitment to and expectations regarding the IBX e-marketplace, including Commerce One and SAPMarkets’ joint efforts to assist IBX’s members, suppliers and service providers in moving their business commerce onto the World Wide Web, and the expected benefits, including an open B2B infrastructure and solution, improved efficiency and increased reach and speed. Actual results may differ materially from those described in such statements as a result of a number of factors. These factors include, but are not limited to, the risk that the IBX e-marketplace may not perform with the ease and effectiveness that is expected, the extent of use of such e-marketplace by IBX members, suppliers and service providers, actual efficiencies and economies of scale may not be as pronounced as those anticipated by the parties, unexpected operational difficulties, fluctuations in operating results, the cooperation of the parties, general economic conditions, and intense and increasing competition in the market. For a discussion of these and other risk factors that could affect Commerce One’s business, see “Risk Factors” in Commerce One’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 1999 and its quarterly report on Form 10-Q for the quarter ended June 30, 2000.

 

Cite this SAPMarkets, Inc and Commerce One Inc

SAPMarkets, Inc and Commerce One Inc. (2018, Sep 22). Retrieved from https://graduateway.com/sapmarkets-inc-and-commerce-one-inc/

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