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SAP increases share in Commerce One

SAP increases share in Commerce One

SAP is boosting its stake in Commerce One, pledging to inject up to $US225 million in new investment capital. The deal will increase SAP's holding to about 20 per cent of Commerce One's outstanding common stock.

A tighter alliance with Commerce One, which specialises in electronic commerce software, will help SAP broaden the reach of its back-office enterprise systems, enabling customers to connect their systems with customers, service providers and trading partners, SAP said in a statement.

The two companies already cooperate on products including MarketSet and Enterprise Buyer, software for private, industrial, and regional exchangesUnder the terms of the new deal, SAP will gain the right to name one member of Commerce One's board of directors, but will agree to limitations on its right to acquire more than 23 per cent of the company or to attempt an unapproved takeover.


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