Sterling Commerce, Inc., a provider of business-to-business electronic commerce software and services, announced, in conjunction with Ariba Technologies, its plans to support cXML. cXML is a proposed open industry standard for electronic commerce that reduces online business costs by facilitating the exchange of content and transaction information over the Internet between buyers and suppliers. cXML provides another method for companies, such as Sterling Commerce customers, to automate business processes, both internally and via commerce communities. www.sterlingcommerce.com
Category: Marketing & e-commerce (Page 77 of 77)
Open Market, Inc., has announced results for its fourth quarter ended December 31, 1998. Net revenues were $16.1 million, compared to net revenues of $18.6 million for the fourth quarter of 1997. Net loss for Q4 1998, which includes the charge of $2.0 million for restructuring costs, was $6.4 million or $0.18 per share. This compared to a net loss of $3.0 million or $0.09 per share for the same period of 1997. Net loss excluding the charge for restructuring was $4.3 million or $0.12 per share. For the year ended December 31, 1998, revenues were $62.1 million compared to $61.3 million of revenues for the year ended December 31, 1997. Net loss for the year ended December 31, 1998 was $34.9 million or $1.04 per share, compared to a net loss of $58.0 million or $1.87 per share in 1997. Excluding the charges for in-process research and development in connection with acquisitions and the charge for restructuring costs, the net loss for the year ended December 31, 1998 was $22.1 million or $0.66 per share, compared to a net loss of $23.8 million or $0.77 per share in 1997. www.openmarket.com
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
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
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