SAP, Others Invest In App-Integration Vendor
SAP and Baan, continuing their support of startups that link bigenterprise applications across company walls, this week will
disclose minority investments in CrossRoute Software Inc.
CrossRoute, which will change its name this week to Extricity
Software Inc., sells a software suite called Alliance that lets
companies connect their business applications with those of their
supply-chain partners over the Internet and other IP networks.
SAP has already invested in Web procurement software vendor
Commerce One and marketing automation provider MarketFirst
Software Inc. Baan holds an equity stake in Web middleware maker
TopTier Software Inc.
Joining SAP and Baan in the $10 million round of "strategic funding"
for Extricity are Intel; the venture capital arm of Cambridge
Technology Partners; and RRE Investors, a venture firm headed by
former American Express CEO James Robinson. Each investor's
investment wasn't disclosed.
Extricity, in Redwood Shores, Calif., was founded as CrossRoute in
1996 by former Ross Systems chairman Ken Ross. The Java-based
Alliance product runs on Windows NT Server and contains off-the-
shelf connectors for applications from Baan, Oracle, PeopleSoft, and
SAP. But companies can also use Alliance to link enterprise resource
planning applications over the Internet with legacy apps, as well as
with electronic data interchange documents and middleware such as
Tibco Inc.'s TIB/Rendezvous or IBM's MQSeries.
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