A rumour that Australia Post was buying out its partners in corProcure was reported in The Sydney Morning Herald today.
Australia Post spokesperson Gary Highland said it had been approached by corProcure to discuss options for the future of the online trading exchange.
However, Highland said Australia Post had not made a decision regarding corProcure. -We won't be until due diligence has been done," he said.
When ZDNet Australia contacted corProcure regarding the rumours, a spokesperson said at this stage they were unable to comment on today's media speculation.
corProcure is a B2B marketplace exchange which was set up last August by 14 large Australian companies which wanted to utilise the model in Australia. The marketplace aims to link buyers with their suppliers electronically, using services such as tendering, reverse auctions, and support services.
Getting these things going is a lemon. I tried to once and the wholesaler, buyers and broker never got off the ground due to bureacracy and lack of forward planning and budget. Australia always seems to stuff things up at middle management when things get too technical or hard to budget. We are a country with low technical skills or confidence - a shame really. You have to drive the thing with very tough project management to get things moving or they all fall in a heap - very stubborn and tight-wad businesses in Australia.