December 05, 2000, 12:02 PM — Enterprise resource planning vendor PeopleSoft Inc. today announced plans to
resell Internet-based procurement software developed by Commerce One Inc. in Walnut
PeopleSoft, in Pleasanton, Calif., also said it will make an $8 million equity
investment in Commerce One as part of the deal.
Commerce One's software for buying office supplies and other goods online is being
sold by PeopleSoft under the name Procurement Community and will be part of a wider
series of e-commerce applications PeopleSoft is due to ship later this year.
PeopleSoft users will also be able to access an online marketplace Commerce One
operates at www.MarketSite.net,
two companies said.