MOUNTAIN VIEW, CA January 16, 2002 NexPrise, Inc., a provider of collaborative software solutions, recently announced that it has decided not to change its name to Ventro. Ventro acquired NexPrise in August 2001 and NexPrise was known, for a while, as Ventro by its newer customers.
Executives, however, felt that keeping the name NexPrise would help with continued recognition. "NexPrise is a name that is well recognized by our target customers and has always been associated with innovative products and customer satisfaction," said Ted Drysdale, President, CEO, and Chairman of the Board of NexPrise.
Effective at the open of trading on the Nasdaq National Market, the Company's Nasdaq market symbol will be changed from "VNTR" to "NXPS."
