Commerce One Completes Acquisition of Exterprise.Business Editors/High-Tech Writers PLEASANTON, Calif.--(BUSINESS WIRE)--May 29, 2001 Capabilities to Enable Rapid Development and Deployment of E-Marketplace-Based Applications Aimed at Delivering Rapid ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). for Customers Commerce One, Inc. (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ), the e-marketplace company, today announced it has completed its acquisition of Exterprise, a leading provider of software solutions for building and managing collaborative business networks. 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 In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. , 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 e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. . "Commerce One is focused on delivering e-marketplace solutions that provide rapid ROI for our customers," said Mark Hoffman, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 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 A military force composed of elements of two or more allied nations. See also force(s). 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 An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. and software vendors to quickly develop tailored applications that link critical business processes between multiple trading partners. About Commerce One Commerce One (Nasdaq:CMRC) is the e-marketplace company. Through its software, services and Global Trading Web(TM) of interconnected business communities, Commerce One enables worldwide commerce on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . With headquarters in Pleasanton, California Pleasanton, nicknamed "P-town"<ref name="">Ptown (Pleasanton) Bike Advocates Meeting, East Bay Bicycle Coalition website, August 14, 2007, retrieved August 17, 2007, is a city in Alameda County, California and was incorporated in 1894. and offices around the world, Commerce One can be reached by phone at 800/308-3838 (US only) or 925/520-6000 or via the Internet at www.commerceone.com. Forward Looking Statements The foregoing paragraphs include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements concerning Commerce One's plans to integrate Exterprise's business process management and e-marketplace application development capabilities into MarketSite so as to enable the development and deployment of collaborative e-marketplace applications, the expected availability date The date after notification of mobilization by which forces will be marshalled at their home station or mobilization station and available for deployment. See also home station; mobilization; mobilization station. of Exterprise's process collaboration capabilities, the expected date when complete integration of the Exterprise platform into MarketSite will take place, and the ability of Exterprise's technology to further strengthen Commerce One's suite of e-marketplace applications aimed at helping customers save money and generate revenue. The words "believe," "expect," "will" and similar phrases as they relate to Commerce One are intended to identify such forward-looking statements. Such statements reflect the current views and assumptions of Commerce One, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These risks include, but are not limited to, potential difficulties or delays in integrating the two companies, reallocating resources from Exterprise's traditional business to Commerce One's business, delayed rollout dates for integrated solutions, general customer, supplier and employee uncertainty following the acquisition, reduction in demand for e-marketplace solutions, competition and pricing pressures, the possibility that e-marketplace solutions offered may not meet user expectations, the extent of customer adoption and utilization of the solutions provided, unexpected operational difficulties, risks related to the World Wide Web, general economic conditions, intense and increasing competition in the market and volatility of the stock 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000 as well as its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2001. Note to Editors: Commerce One(R), Many Markets. One Source. Global Trading Web, Commerce One.net, BuySite, MarketSite Operating Environment, Global Trading Platform, Common Business Library, XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Development Kit, XML Commerce Connector, MarketSite Builder, and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. Enterprise Buyer and MarketSet are trademarks of Commerce One, Inc. and SAPMarkets. All other company, product, and brand names are trademarks of their respective owners. |
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