This acquisition enables Ventro to deliver collaborative commerce solutions more effectively to the process manufacturing industries, which include the oil and gas industry, the refining industry, and the chemical industry. In the process manufacturing industries, construction and strategic maintenance projects require coordinated interaction within and between companies. Ventro’s solutions, enhanced through its recently announced acquisition of NexPrise, Inc., will support this interaction and optimize the engineering design and procurement processes, allowing process manufacturers to dramatically reduce time-to-operations.
We are excited about leveraging the Industria acquisition to expand into the process manufacturing industries, said David Perry, CEO of Ventro. Our intended acquisition of NexPrise provides us with a mature solution for collaborative commerce, and the acquisition of Industria assets and the retention of key Industria personnel provide us with a great platform for success in the process manufacturing industries.
