Commerce One
Encyclopedia
Commerce One was a pioneering e-commerce company founded in 1994 as DistriVision in Pleasanton, California
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The company was renamed Commerce One in 1997, and went public
in 1999. They were one of the darlings in the hot B2B (business-to-business) sector, and saw their stock soar from 20 to over 600 in early 2000, before it collapsed in the dot-com crash. In 2001, the company acquired Veo Systems from Asim Abdullah for $300 million.
One of the company's technologies was SOX
, an XML schema
technology that influenced the development of the W3C's XML Schema language.
The company filed for Chapter 11 bankruptcy protection on Oct. 6 2004 http://searchwebservices.techtarget.com/originalContent/0,289142,sid26_gci1032120,00.html. In December 2004, a portion of its patent portfolio was sold by a bankruptcy court to JGR Acquisitions, a subsidiary of Novell, Inc., for $15.5 million.http://www.iht.com/articles/2005/05/02/business/novell.php The remaining business interests, including all remaining intellectual property rights to the software, together with a patent license from JGR, were sold to new investors that continued to operate the company as Commerce One.
Commerce One formally announced on February 7, 2006, that it had been acquired by Perfect Commerce – a provider of On-Demand Supplier Relationship Management (SRM) Solutions and The Open Supplier Network. Commerce One, LLC is a wholly owned subsidiary of Perfect Commerce, LLC, a Virginia Limited Liability Company headquartered in Newport News, VA with an office in Paris, France.
Pleasanton, California
Pleasanton is a city in Alameda County, California, incorporated in 1894. It is a suburb in the San Francisco Bay Area located about east of Oakland, and west of Livermore. The population was 70,285 at the 2010 census. In 2005 and 2007, Pleasanton was ranked the wealthiest middle-sized city in...
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The company was renamed Commerce One in 1997, and went public
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
in 1999. They were one of the darlings in the hot B2B (business-to-business) sector, and saw their stock soar from 20 to over 600 in early 2000, before it collapsed in the dot-com crash. In 2001, the company acquired Veo Systems from Asim Abdullah for $300 million.
One of the company's technologies was SOX
Schema for Object-Oriented XML
Schema for Object-Oriented XML, or SOX, is an XML schema language developed by Commerce One. In 1998 a SOX specification was submitted to the World Wide Web Consortium and published as a W3C Note. A revised version, SOX 2.0, was published as a W3C Note in 1999.SOX was one of several predecessors of...
, an XML schema
XML schema
An XML schema is a description of a type of XML document, typically expressed in terms of constraints on the structure and content of documents of that type, above and beyond the basic syntactical constraints imposed by XML itself...
technology that influenced the development of the W3C's XML Schema language.
The company filed for Chapter 11 bankruptcy protection on Oct. 6 2004 http://searchwebservices.techtarget.com/originalContent/0,289142,sid26_gci1032120,00.html. In December 2004, a portion of its patent portfolio was sold by a bankruptcy court to JGR Acquisitions, a subsidiary of Novell, Inc., for $15.5 million.http://www.iht.com/articles/2005/05/02/business/novell.php The remaining business interests, including all remaining intellectual property rights to the software, together with a patent license from JGR, were sold to new investors that continued to operate the company as Commerce One.
Commerce One formally announced on February 7, 2006, that it had been acquired by Perfect Commerce – a provider of On-Demand Supplier Relationship Management (SRM) Solutions and The Open Supplier Network. Commerce One, LLC is a wholly owned subsidiary of Perfect Commerce, LLC, a Virginia Limited Liability Company headquartered in Newport News, VA with an office in Paris, France.