Peoplesoft has started reselling Commerce One's Commerce Chain Solution as the Procurement Community for its Peoplesoft Business Network (PSBN) applications portal and invested $8 million in the company.
The Peoplesoft Procurement Community includes the Commerce One Buysite business to business procurement application and Marketsite portal for electronic commerce and the two suppliers will jointly develop the next version of the offering.
Tom Glassanos, executive vice president of Peoplesoft's ebusiness solutions, said: "This is a very strategic joint development agreement, which will marry the PSBN vision of combining all the structured and unstructured data of the Web into one portal with Commerce One's Buysite portal. We're providing a total end to end solution to leverage reduced procurement costs over the Internet."
Chuck Donchess, Commerce One's vice president of marketing and business development, added: "We'll leverage the Peoplesoft channel of 3,000 customers and interconnect PSBN with Commerce One's global trading laboratories to create an infrastructure that aggregates commerce and leverages both our strengths in a unified business model."
He claimed that the deal would not impact the firm's existing relationship with Peoplesoft's arch rival, SAP, however.
Peoplesoft is now the exclusive reseller of Buysite and will generate revenues from selling software licenses to users and earn royalties on each transaction undertaken. Suppliers also pay flat rate transaction fees for each purchase order, but different services such as bid and auction will be added at different rates in future.
Peoplesoft has already paid Commerce One an eight figure royalty payment as part of the deal and the two will provide joint support services.
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