Commerce One, Inc. was an American company that operated online auctions focused on B2B e-commerce. At the peak of the dot-com bubble in 2000, the company had a market capitalization of $21.5 billion; it was liquidated in 2004 for less than $20 million, a 99.9% decline.
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. It was renamed Commerce One in 1997 after Mark Hoffman became CEO.
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.
In July 1999, on its first trading day after its initial public offering, the company's stock price rose 190%.
In September 2000, the company acquired AppNet for $1.6 billion in stock.
The company filed bankruptcy in October 2004. 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.
In February 2006, the company was acquired by Perfect Commerce.
In July 2017, Proactis acquired Perfect Commerce for $132.5 million.