Commerce One Drops Price Of Procurement Software - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Commerce One Drops Price Of Procurement Software

One day after filing for its initial public stock offering, Commerce One Inc. cut the price of its Web-based procurement software and continued its transition to a services-based revenue model.

The company trimmed the highest price for its BuySite application from $4 million for 40,000 users to $2.5 million for unlimited users. The lowest price remains $500,000 for 500 users. "We're not interested in an ERP-like pricing model," Commerce One president and CEO Mark Hoffman said at a press conference yesterday at the Internet & Electronic Commerce conference and trade show in New York. "We prefer Internet-based pricing because we want to stimulate usage. We don't want the up-front price to be a barrier."

Commerce One wants to drive more transactions to its recently unveiled MarketSite online business-to-business marketplace. To that end, the company also rolled out a hosted edition of BuySite for commerce service providers, who will pay about $1 million to host the application for use by small and medium-sized businesses. The first service provider to do so is Computer Solutions & Finance Group, a British systems integrator and reseller.

Commerce One also unveiled BuySite 5.0 Enterprise Edition, a new version which includes expense-reporting capabilities from Extensity Inc. and the PowerPlay and Impromptu OLAP-based data analysis tools from Cognos. The firm announced three new customers using BuySite for procurement: Booz Allen & Hamilton, Promus Hotel Corp., and Sabre.

Commerce One and archrival Ariba Inc. both revealed plans for IPOs on Monday, and both revealed heavy 1998 losses in registration statements with the Securities and Exchange Commission. Commerce One lost $24.6 million on sales of $2.6 million, and Ariba lost $10.95 million on $8.4 million in revenue.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
What Becomes of CFOs During Digital Transformation?
Joao-Pierre S. Ruth, Senior Writer,  2/4/2020
Fighting the Coronavirus with Analytics and GIS
Jessica Davis, Senior Editor, Enterprise Apps,  2/3/2020
IT Careers: 10 Job Skills in High Demand This Year
Cynthia Harvey, Freelance Journalist, InformationWeek,  2/3/2020
Register for InformationWeek Newsletters
Current Issue
IT 2020: A Look Ahead
Are you ready for the critical changes that will occur in 2020? We've compiled editor insights from the best of our network (Dark Reading, Data Center Knowledge, InformationWeek, ITPro Today and Network Computing) to deliver to you a look at the trends, technologies, and threats that are emerging in the coming year. Download it today!
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll