Commerce One, Inc. announced that it has acquired privately held Veo Systems, Inc., a provider of XML-based open commerce networks. With this acquisition, Commerce One will rapidly accelerate the pace of development of industry-leading XML-based business-to-business electronic commerce solutions to enable open Internet trading communities. Veo pioneered the development of The Common Business Library (CBL). CBL is a public collection of XML “building blocks” for creating common business documents such as catalogs, purchase orders, and invoices. Veo has turned over CBL to CommerceNet, an industry consortium that is promoting interoperable commerce on the Internet. Over 25 Internet commerce leaders including HP, IBM, Microsoft, Netscape, and Sun are actively involved in this activity, as well as the chief architects of leading key electronic commerce standards initiatives such as OBI, RosettaNet, XML-EDI, OTP and ICE. Commerce One will maintain and grow Veo’s Mountain View, Calif. site as a Development Center for the Commerce Chain Solution. Veo Systems’ President and CEO, Asim Abdullah, and Chairman and Chief Scientist, Dr. Jay M. Tenenbaum, will join Commerce One’s executive management team and Commerce One’s Board of Directors. Commerce One’s XML-enabled products are expected to reach the marketplace in mid-1999. www.commerceone.com
At Lotusphere InfoAccess Inc. announced Transit Central EDM for Lotus Domino.Doc which will extend Domino.Doc to include standards-based Web publishing power and automation. This new integration provides Domino.Doc users with a sophisticated solution for automatically publishing and updating visually appealing and fully linked Websites, while maintaining the document controls and file level security found in a document management system. Using Transit Central EDM, Domino.Doc users will be able to select source documents directly from the Domino.Doc database for publication, and then publish the finished Web pages to a Website or back into a Lotus Notes database for access via Domino. www.infoaccess.com.
FileNET Corp. reported estimated results for its fourth quarter ended Dec. 31, 1998. Revenue is expected to be approximately $85.1 million, up 11 percent from $76.4 million for the fourth quarter of 1997. Income before restructuring and other costs is expected to be approximately $1.0 million or 3 cents per diluted share, compared to net income of $5.9 million or 18 cents per diluted share for the fourth quarter of 1997. Net loss for the fourth quarter of 1998 is expected to be approximately $.4 million or 1 cent per diluted share. FileNET expects to announce final results on Jan. 26, 1999. For the year ended Dec. 31, 1998, revenue is expected to be approximately $310.2 million, up 23 percent from $251.4 million for the year ended Dec. 31, 1997. Income for 1998 before restructuring and other costs is expected to be approximately $2.4 million or 7 cents per diluted share. Net income for 1998 is expected to approximate $1.0 million, or 3 cents per diluted share, compared to a net loss in 1997 of $5.5 million or 18 cents per diluted share. www.filenet.com
The Open Applications Group, Inc. (OAGI), a non-profit industry consortium comprised of many of the stakeholders in the business software component interoperability arena, announced publication of a full set of XML Document Type Definition (DTD) files that define interoperability APIs. The group has built a common model for software application component interoperability over the last three years. The model is described in their Open Applications Group Integration Specification. OAGIS describes the major components, their integration dialogs, and the content of those dialogs for many key enterprise business applications, including financials, manufacturing, human resources, supply chain, and logistics. The DTDs necessary to define this integration content in XML have been published on the OAGI web site and are available for public access at: www.openapplications.org . The DTDs will be free of charge to download and use, but a license agreement will be enacted to maintain ownership of intellectual property.
Open Market, Inc. announced the availability of LiveCommerce 2.0, the latest version of Open Market’s enterprise catalog and marketing solution. LiveCommerce 2.0 enables companies to create, personalized online catalogs that serve the unique and evolving requirements of their customers. New features in LiveCommerce 2.0 include: real time dynamic entry, international support, ERP integration APIs, a “Dynamic Page Language”, and Solaris availability. www.openmarket.com