E2Open's collaboration network goes to IBM for public and private auctions

Belmont, CA  August 9, 2001  E2open, the global collaboration network for the electronics industry, today announced that IBM has entered into a contract to use E2open's Commerce Collaboration solutions suite to conduct public and private auctions over the Internet.

Through this forum, IBM customers can purchase new, discontinued and excess products from IBM in either private or public trading events. E2open is also providing IBM with implementation services, including trading event promotion, launch and monitoring, trading partner recruitment and training.

By integrating E2open's trading suite into mainstream IBM sales processes, IBM hopes to provide greater visibility into detailed transactional information for real-time analysis. IBM will also offer components, including internal and external hard disk drives, semiconductors, LCD panels and tape subsystems, on the solution suite in commercial lot sizes.

"E2open is an efficient way of reaching our trading partners all over the world through a secure Internet-based trading platform," said Lisa Whaley, director, coverage transformation, IBM Technology Group. In addition, according to Whaley, E2open will enable IBM to streamline its sales processes so the company can reach new customers.

IBM will implement the commerce collaboration platform immediately. Specific financial details are not available.