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17 Jan 2002
SAP, Europe's biggest software group, has confirmed that it no longer plans to develop online marketplaces with US-based ecommerce technology firm Commerce One.
The partnership, which began in 2000, was formed to target the online procurement and electronic business-to-business marketplaces.
Further reading
Last June, SAP increased its stake in Commerce One to just over 20 per cent and said it would inject up to $250m in new investment capital into the company.
SAP spokeswoman Laurie Doyle Kelly said: "Although the alliance is still important to us, we have re-examined the partnership. We still have a 20 per cent investment in Commerce One and we will keep that stake." She added that the companies will compete in some product areas.
The joint brand product, which will be discontinued, was a combination of SAP's Enterprise Buyer Professional high-end purchasing software, and Commerce One's Enterprise Buyer Desktop procurement offering.
In addition, the two companies will end joint marketing of software for e-procurement so that each can focus on selling its own product.
Gartner analyst Bruce Bond said that SAP remains financially strong.
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