Commerce One to buy Exterprise for $78M

SAN FRANCISCO -- Online marketplace specialist Commerce One Inc. is hoping its planned acquisition of collaborative network software management vendor Exterprise Inc. will help it to expand its reach in both public and private electronic marketplaces.

Commerce One announced Tuesday that the two companies have reached a definitive agreement to merge. Commerce One will exchange a maximum of 7.5 million common shares for all outstanding Exterprise shares, subject to regulatory and shareholder approval, the company said in a statement.

The deal is valued at around $78 million based on Monday's closing price of Commerce One stock. The two vendors said they hope to complete the purchase during the second quarter of this year.

Should the acquisition proceed, Commerce One intends to incorporate Exterprise's technology into the next major release of its MarketSite operating environment. The combined product should appear in the first quarter of next year. Exterprise's software includes an e-marketplace user interface which provides applications with a common look and feel; the company's business process engine, known as Agent-based Process Engine (APEX), which can deal with collaborative workflows; and its development environment and application components.

Bringing the technology into MarketSite will allow Commerce One to better facilitate e-marketplace intercompany processes as well as additional levels of collaboration between multiple trading partners, according to Commerce One Chairman and CEO Mark Hoffman.

Pleasanton, Calif.-based Commerce One can be reached at (925) 520-6000. Austin, Texas-based Exterprise can be reached at (512) 597-6000.

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