Commerce One plans to integrate Exterprise’s leading business process management and e-marketplace application development capabilities into the MarketSite(TM) e-marketplace operating environment, enabling Commerce One, its customers and other software vendors to develop and deploy a broad range of collaborative e-marketplace-based applications. Commerce One expects to offer Exterprise process collaboration capabilities in the second half of 2001. Complete integration of the Exterprise development platform into MarketSite Operating Environment is scheduled for the first quarter of 2002.
The acquisition was structured as a stock-for-stock exchange and will be accounted for as a purchase transaction. Commerce One exchanged approximately 7.22 million shares of its common stock for all outstanding shares of Exterprise. Based upon the stock price at deal closing, the acquisition is valued at approximately $59.6 million.
Also key to the acquisition are Exterprise’s e-marketplace applications for online selling and sourcing, which are scheduled for general availability in Q3 and Q4 respectively. It is expected that these applications will further strengthen the Commerce One suite of leading e-marketplace applications aimed at helping organizations drive revenue and save money through e-commerce.
Commerce One is focused on delivering e-marketplace solutions that provide rapid ROI for our customers, said Mark Hoffman, chairman and CEO, Commerce One. We believe Exterprise gives us the ability to offer a new class of e-marketplace applications designed to drive the next wave of business commerce and help our customers save money and generate revenue on the Web.
Combined Force Extends E-Marketplace Leadership
Exterprise provides key capabilities for the development of e-marketplace applications: an e-marketplace user interface that brings together disparate applications within a common look and feel; a business process engine to power complex, collaborative workflows at the e-marketplace; application components for supplier management, collaboration and business intelligence; and a development environment that makes it possible for e-marketplace operators, systems integrators and software vendors to quickly develop tailored applications that link critical business processes between multiple trading partners.
