Company to restructure after shutting down Chemdex, its life sciences marketplace, and Promedix, its specialty medical products marketplace. It will also lay off approximately 235 employees in the process.
For independent e-marketplaces, the talk these days is of consolidation, bankruptcy filings, closures, and low funding. Can they craft a survival strategy?
American Express is teaming with e-commerce market-maker Ventro to create an online exchange on which midsize companies can buy everything from office and industrial supplies to computers and temporary labour.
Ariba continued its ascent after announcing a deal with American Express and VeriSign. The deal will deliver integrated credit card payments for online business-to-business transactions.
Thirty-six technology companies, led by Ariba, IBM and Microsoft, have unveiled plans to create a universal Internet standard designed to accelerate e-commerce.
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