| Commerce One |
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| electronic commerce | |
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In 2001 , the company acquired Veo Systems from Pakistan -born Asim Abdullah for $300 million. One of the company's technologies was SOX , an XML Schema technology that influenced the development of the W3C 's XML Schema language. Commerce One declared bankruptcy in September 2004. In December 2004, its patent portfolio was sold by a bankruptcy court to JGR Acquisitions , a subsidiary of Novell, Inc. , for $15.5 million. {Link without Title} Commerce One formally announced on February 7, 2006, that it has been acquired by Perfect Commerce – a provider of On-Demand Supplier Relationship Management (SRM) Solutions and The Open Supplier Network. |
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