Envera Makes a ChemConnection

Chemical industry e-marketplace, data hub merge

Tempe, AZ  June 7, 2001  Online chemical and plastics e-marketplace ChemConnect has merged with Envera, an online data exchange hub for chemical companies.

Although no financial details were disclosed, investors in both Envera and ChemConnect will now be investors in the new ChemConnect, which will be headquartered in San Francisco.

The new company will combine the offerings of its parents. ChemConnect operates the World Chemical Exchange, while Richmond, Va.-based Envera offers an electronic network that allows chemical and petrochemical industry firms with disparate back-end system to exchange transaction, inventory and other types of supply chain information.

San Francisco-based ChemConnect CEO John Robinson, who will be CEO of the merged entity, said that the combined offering will be called Marketplace Plus, which will offer a modular approach to e-enabling a supply chain that is intended to accommodate firms at different stages of adopting technology.

Envera and ChemConnect share several customers and backers, and the companies said Thursday that the merger resulted from a customer-driven need to have broader options for e-commerce and would be a natural extension of each company's current offering.

Bob Mooney, Envera's CEO, has been appointed as a member of ChemConnect's board of directors.

The companies said in a statement that they will continue their commitment to the Chemical Industry Data Exchange (CIDX) and the development of Chem eStandards, the standards for the transfer of XML documents between enterprise resource planning (ERP) systems among chemical industry firms.