Editing Commerce One

{{Short description|American e-commerce company}}
{{Infobox company
| name          = Commerce One, Inc.
| logo          = Commerce One logo.svg
| type          = Public
| fate          = Acquired
| foundation    = {{start date and age|1994}}
| founder       = Tom Gonzales<br>Thomas Gonzales Jr.
| defunct       = {{end date and age|2006|02|07}}
| location      = [[Pleasanton, California]]
| revenue       = {{increase}} $401 million (2000)
| net_income    = {{decrease}} -$344 million (2000)
| assets        = {{increase}} $3.070 billion (2000)
| equity        = {{increase}} $2.799 billion (2000)
| num_employees = 3,766 (2000)
| footnotes     = <ref name=10K>{{cite web | url=https://www.sec.gov/Archives/edgar/data/1069450/000091205701506507/a2041680z10-k.txt | title=Commerce One, Inc. 2000 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}

'''Commerce One, Inc.''' operated [[online auction]]s focused on [[B2B e-commerce]].<ref name=soars>{{cite news | url=https://www.cnet.com/news/commerce-one-soars-after-3-for-1-split/ | title=Commerce One soars after 3-for-1 split | work=[[CNET]]}}</ref><ref name="BadBlood">{{cite book|author=John Carreyrou|title=Bad Blood: Secrets and Lies in a Silicon Valley Startup |url=https://books.google.com/books?id=CcJFDwAAQBAJ|date=21 May 2018|publisher=Knopf Doubleday Publishing Group |isbn=978-1-5247-3166-3}}</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>{{cite news | url=https://www.bloomberg.com/news/articles/2003-02-02/online-extra-from-hot-to-scorched-at-commerce-one | title=Online Extra: From Hot to Scorched at Commerce One | first=Steve | last=Hamm | work=[[Bloomberg BusinessWeek]] | date=February 3, 2003}}</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 (W3C)|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>{{cite news | url=https://www.eastbaytimes.com/2007/07/13/charity-sues-over-legacy-of-dot-com/ | title=Charity sues over legacy of dot-com | first=JOHN | last=SIMERMAN | work=[[East Bay Times]] | date=July 13, 2007}}</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>{{cite news | url=http://www.internetnews.com/ec-news/article.php/33571/Commerce+One+Buys+Veo+Systems.htm | title=Commerce One Buys Veo Systems | work=[[QuinStreet]] | date=January 19, 1999}}</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>{{cite news | url=https://www.nytimes.com/1999/11/06/business/company-news-commerce-one-buys-commercebid-for-stock-and-cash.html | title=COMMERCE ONE BUYS COMMERCEBID FOR STOCK AND CASH | agency=[[Bloomberg News]] | work=[[The New York Times]] | date=November 6, 1999 | url-access=subscription}}</ref>  

In July 1999, on its first trading day after its [[initial public offering]], the company's stock price rose 190%.<ref>{{cite news | url=https://money.cnn.com/1999/07/01/technology/askjeeves/ | title=IPO a smash? Ask Jeeves | work=[[CNN]] | date=July 1, 1999}}</ref>  

In September 2000, the company acquired AppNet for $1.6 billion in stock.<ref>{{cite news | url=https://money.cnn.com/2000/06/20/deals/commerceone/ | title=Commerce One, AppNet tie | work=[[CNN]] | date=June 20, 2000}}</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>{{cite news | url=https://www.cnet.com/news/commerce-one-cuts-deep/ | title=Commerce One cuts deep | first=Alorie | last=Gilbert | work=[[CNET]] | date=October 4, 2002}}</ref>  

The company filed [[bankruptcy]] on October 6, 2004 and emerged from bankruptcy two months later.<ref name=rises>{{cite news | url=https://www.bizjournals.com/eastbay/stories/2005/03/07/story1.html | title=Commerce One rises from dot-ashes | work=[[American City Business Journals]] | date=March 6, 2005}}</ref><ref name=mystery>{{cite news | url=https://www.law360.com/articles/3393/mystery-solved-novell-behind-acquisition-of-commerce-one-patents | title=Mystery Solved: Novell Behind Acquisition Of Commerce One Patents | first=Marius | last=Meland | work=[[Law360]] | date=May 3, 2005 | url-access=subscription}}</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>{{Cite news | url=https://www.eweek.com/it-management/commerce-one-patents-auctioned-off/ | title=Commerce One Patents Auctioned Off | first=Renee Boucher | last=Ferguson | work=[[eWeek]] | date=December 8, 2004}}</ref>

In February 2006, the company was acquired by Perfect Commerce.<ref>{{Cite news | url=https://comvest.com/comvest-sells-commerce-one-to-perfect-commerce-a-leading-provider-of-srm-solutions/ | title=ComVest Sells Commerce One to Perfect Commerce, A Leading Provider of SRM Solutions | publisher=Comvest Partners | date=February 7, 2006}}</ref>

In July 2017, [[Proactis]] acquired Perfect Commerce for $132.5 million.<ref>{{Cite press release | url=https://www.globenewswire.com/news-release/2017/07/07/1041291/0/en/Perfect-Commerce-Proactis.html | title=Perfect Commerce - Proactis | publisher=[[Globe Newswire]] | date=July 7, 2017}}</ref><ref>{{cite news | url=https://www.proactis.com/uk/about-proactis/acquisitions/acquisitions/hubwoo-is-now-proactis/ | title=Hubwoo is now Proactis | work=[[Proactis Ltd]] | date=July 16, 2017}}</ref>

==References==
{{Reflist}}

{{Dot-com Bubble}}
[[Category:1994 establishments in California]]
[[Category:1999 initial public offerings]]
[[Category:2006 mergers and acquisitions]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2004]]
[[Category:Defunct online companies of the United States]]
[[Category:Dot-com bubble]]