Atlanta September 10, 2002 First there was Harbinger and Extricity. Then there was Peregrine. Now there is Inovis, which debut this week as a new supply chain enablement company with deep roots.
The company is the result of the acquisition, in June, of the profitable supply chain enablement (SCE) division of Peregrine Systems, comprised of former Harbinger and Extricity businesses, by private equity firm Golden Gate Capital in June. Cerberus Capital Management and Parallax Capital Partners participated with Golden Gate Capital in the transaction.
Peregrine sold off the units amidst an accounting brouhaha in an effort to refocus on its core enterprise asset management business.
The new company will continue to focus on the rapid enablement of private trading networks and B2B communities. Although the name is new, Inovis has an 18-year history, dating back to Harbinger's formation in 1984.
Inovis already has more than 500 employees worldwide and claims $100 million in annual revenues and some 20,000 customers, including global trading community access to approximately 90 percent of the Fortune 500.
"For many companies, the cost and complexity of building and managing e-business relationships have been substantial," said Inovis President and CEO Dave Williams, a 19-year industry veteran with e-commerce and enterprise software expertise. "Our sole focus is to help trading partners of all sizes extend their e-commerce reach in an efficient and cost-effective manner. We are strengthened by our large, existing customer base, our robust solution set and nearly two decades of B2B experience."
The new provider will offer business process management, data transformation (EDI/XML), network connectivity and a range of other services. Inovis also operates a trading community, Get2Connect, which enables over 1.4 million transactions each business day, according to the provider.
Other mainstay products and services offered through Inovis include TrustedLink, Power.Enterprise! and Power.Commerce!, Alliance Manager and Web Commerce. Inovis is also investing to develop new business community enablement offerings, including those based on J2EE and Web services. Through these offerings, Inovis essentially allows companies to outsource their B2B enablement issues.
The Inovis executive team and senior staff consist of both Harbinger and Extricity talent, and the provider points to the average five-year tenure of its employees as evidence of its staying power and domain expertise.
The company will be headquartered in Atlanta.
