Idapta®, Inc., formerly known as Intelligent/Digital, a leading provider of enterprise-level operating systems and trading applications for business-to-business (B2B) e-commerce, announced today that LiveListings.com, the premier online trading community for truck, automotive and industrial parts, has selected Idapta’s B2B emarket solutions to power its online marketplace. LiveListings.com will use Idapta’s Commerce O/S(TM), an open, scalable B2B emarket operating system, and MarketExchange(TM), the only software application offering multiple trading mechanisms through a common interface, to enable real-time trade among its more than 1,500 current subscribers and future marketplace members.
LiveListings.com is Idapta’s sixth customer to be signed since shipment of MarketExchange 2.0 and an updated version of Commerce O/S began last month, and also its first in the aftermarket truck, automotive and industrial parts community.
“LiveListings.com searched for the strongest technology partners in developing our current systems and future infrastructure,” said Jim Weisfield, executive vice president of LiveListings.com. “Our business is experiencing explosive growth, and Idapta’s products offer us the versatility and depth that we were looking for. As a leader in the online aftermarket parts industry, the ability of our e-commerce engine to perform now and into the future is critical to our success.”
“Idapta is pleased that LiveListings.com has selected Commerce O/S and MarketExchange as core components of its emarket architecture and trading platform,” said Biri Singh, president, CEO and founder of Idapta. “Idapta will help LiveListings.com achieve immediate liquidity because our solutions are designed to both drive transactions and expand as their business grows.”
LiveListings.com was founded in 1998 to expand on the services offered by MultiFax Services, a pioneer in the field of subscription based Internet and Fax services for the heavy duty truck parts aftermarket. In 1999, LiveListings.com acquired MultiFax Services in an effort to deliver integrated services to a rapidly growing user base. The company also recently completed a $5 million seed round of funding. Currently, LiveListings.com is in the final stages of constructing what promises to be the largest exchange, auction and cataloguing site for aftermarket truck, automotive and industrial parts.
With 1,500 subscribing companies and nearly $500 million in listings in 1999, LiveListings.com is looking to Idapta to move its marketplace to the next level. Lante Corporation, an Internet services company and leader in building electronic marketplaces, will provide system integration services for the project, which is scheduled to be completed with the launch of the new LiveListings.com Web site in the third quarter of 2000.
Idapta provides two B2B e-commerce software solutions, Commerce O/S and MarketExchange, which help emarket makers build, operate and expand their marketplaces through dynamic, real-time trade and rapid deployment of e-commerce services. Commerce O/S is the first open, scalable B2B operating system that allows emarket makers to implement and grow their marketplaces quickly and cost-effectively with best-of-breed applications and services. Commerce O/S integrates and interoperates multiple e-commerce services and applications for B2B emarkets.
MarketExchange, a software application that enables dynamic trade in emarkets, is designed to optimize transactions and liquidity for emarket makers. Powered by Commerce O/S, MarketExchange provides multiple trading mechanisms in one application, from fixed-price through dynamic, multiple- variable “many-to-many” transactions.
Lante Corporation (Nasdaq: LNTE – news) is an Internet services company that develops sophisticated technology-based solutions that enable emerging electronic markets. Since its inception in 1984, Lante has been an innovator in applying emerging technologies to businesses, evolving from personal computer networks to database applications to distributed client-server architectures to its current exclusive focus on Internet services. Today, Lante serves clients from offices in Chicago, Seattle, San Francisco, New York, Los Angeles, Austin, Dallas, Boston, Charlotte, Minneapolis and Singapore. Its website is www.lante.com .
LiveListings.com is the premier business-to-business (B2B) online trading community for first-quality automotive, truck and industrial parts. LiveListings.com enables its customers to securely and anonymously browse, buy and sell their products in a real-time exchange environment. Through the largest database of its kind, LiveListings.com’s digital exchange connects customers and buyers to competitive pricing and high-quality products. LiveListings.com has over 1,200 customers and is the operator of both the Actifax and MultiFax aftermarket parts exchange services.
Idapta, Inc., formerly known as Intelligent/Digital, provides enterprise- level operating systems and trading applications on which emarkets can build, operate, and expand real-time online marketplaces for their buying and selling communities. Founded in February 1999, the company is a C-Corporation, registered in Delaware, with headquarters in Atlanta, Ga., and West Coast operations in Palo Alto, Calif. Idapta is a privately held company with funding worth $35 million from @Ventures, the affiliated venture capital arm of CMGI, Inc., SAP and other private investors. For more information, visit www.idapta.com .