Tradex Technologies
TRADEX Technologies Inc. was a B2B marketplace e-commerce exchange founded in 1999. Entirely Java-based, its product TRADEX Commerce Center software was used for online negotiation, bidding and the secure transaction of orders from computer dealers and manufacturers.[1][2]
At the peak of the dot-com bubble in March 2000, Ariba Inc. acquired TRADEX in a stock-swap acquisition worth US$5.6 billion.[3]
Contents
History
The software was created in 1995 under the lead of the Swiss entrepreneur Daniel Aegerter as an Internet-based system for automating purchase processes for the suppliers and customers of his Swiss company Dynabit.[4][5] Subsequently, TRADEX Electronic Commerce Systems Inc. was incorporated in Tampa, Florida as a spin off from Dynabit.[4]
On the day of its launch, TRADEX offered a wholesale marketplace for the sale of new computer equipment with 40 vendors offering 15,000 products.[6] In 1996, TRADEX had gained 480 customers within three months[7] In 1999, TRADEX had 180 employees,[8] when it moved its headquarters to Atlanta, Georgia,[9] and it had further offices in Boston, Dallas, Tampa, San Francisco, Washington D.C., London and Tokyo.[1]
By September 1999, TRADEX had raised US$ 28 million from its investors Internet Capital Group,[10] Sigma Partners, Apex Investment Partners, Draper Fisher Jurvetson, First Analysis Corporation, Imlay Investments and United Parcel Service.[1]
In December 1999, Ariba announced its acquisition of TRADEX in a stock-for-stock merger valued at US$1.86 billion[8] prior to its subsequent stock-splits.[11][12]
On March 10, 2000, the day when the NASDAQ Composite reached its highest level during the Internet boom, Ariba announced the successful completion of its TRADEX acquisition.[13]
Products
TRADE'ex offered 3 online procurement systems for connecting distributors with suppliers: one for the vertical trading hubs, another for large enterprises and a third for the distributor channel segment.[14] The software suite was scalable and had an object-based business engine incorporating CORBA and JavaBeans technologies.[14]
The software TRADE'ex Market Maker received an award from the Gartner Group and InformationWeek as the Best Business-to-Business Electronic Commerce Over the Internet solution at the 1996 Internet and Electronic Commerce show in San Francisco.[15]
See also
References
- ↑ 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ TelecomWorldwire, "Ariba completes acquisition of Tradex; Enhances B2B eCommerce platform with addition of industry-leading marketplace solution", M2 Communications Ltd, March 14th, 2000.
- ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ John A. Quelch, Readings in Modern Marketing, The Chinese University of Hong Kong, The Chinese University Press, 2006.
- ↑ Ken Yamada, Online merchants find open market in Internet, Computer Reseller News, October 16, 1995.
- ↑ 8.0 8.1 Melanie Austria Farmer, Ariba to expand Net market role with Tradex, CNet News, December 16, 1999
- ↑ Caroline Hubbard, Net firm trades Tampa for Atlanta, Atlanta Business Chronicle, August 30, 1999.
- ↑ Esther Dyson’s Monthly Report, Release 1.0, B2B Platforms, Edventure Holdings Inc, New York, September 13, 1999.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 14.0 14.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
