Commerce One

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Commerce One, Inc. operated online auctions focused on B2B e-commerce.<ref name=soars>Template:Cite news</ref><ref name="BadBlood">Template:Cite book</ref> At the peak of the dot-com bubble, the company had a market capitalization of $21.5 billion.<ref name=rises/><ref name=onlineextra>Template:Cite news</ref>

The company's technologies included Schema for Object-Oriented XML (SOX), an XML schema technology that influenced the development of the W3C's XML Schema language and the Java Architecture for XML Binding (JAXB).

History

The company was founded in 1994 as DistriVision by Tom Gonzales and his son, Thomas Gonzales Jr.<ref name=charity>Template:Cite news</ref> It was renamed Commerce One in 1997 after Mark Hoffman became CEO.<ref name=onlineextra/><ref name=10K/>

In January 1999, the company acquired Veo Systems from Asim Abdullah for $300 million.<ref>Template:Cite news</ref>

In November 1999, the company acquired CommerceBid from Ramesh Balwani for $4.5 million in cash and 785,000 shares and the company partnered with General Motors to create an online marketplace.<ref>Template:Cite news</ref>

In July 1999, on its first trading day after its initial public offering, the company's stock price rose 190%.<ref>Template:Cite news</ref>

In September 2000, the company acquired AppNet for $1.6 billion in stock.<ref>Template:Cite news</ref><ref name=10K/>

In December 2000, the company formed Covisint with Ford Motor Company, General Motors, Daimler AG, Renault, and Nissan. Ford and General Motors each received 14.4 million shares of Commerce One and Commerce One owned 2% of Covisint.<ref name=10K/>

In 2001, co-founder Thomas Gonzales Jr. died of a rare cancer at age 35 and left his stake in the company in a trust to help the needy. His father was later accused of mismanaging trust funds.<ref name=charity/> The accusation was never proven.

In October 2002, the company announced that it planned to lay off 400 employees, 36% of its staff.<ref>Template:Cite news</ref>

The company filed bankruptcy on October 6, 2004 and emerged from bankruptcy two months later.<ref name=rises>Template:Cite news</ref><ref name=mystery>Template:Cite news</ref>

In December 2004, a portion of the company's patent portfolio was sold to JGR Acquisitions, a subsidiary of Novell, for $15.5 million and the remainder of the company was sold to ComVest Partners for $4.1 million.<ref name=mystery/><ref>Template:Cite news</ref>

In February 2006, the company was acquired by Perfect Commerce.<ref>Template:Cite news</ref>

In July 2017, Proactis acquired Perfect Commerce for $132.5 million.<ref>Template:Cite press release</ref><ref>Template:Cite news</ref>