We are very pleased with our rapid and successful close of the NexPrise acquisition, stated David Perry, CEO of Ventro. Ventro is now uniquely positioned to offer a comprehensive, proven collaborative commerce solution with the depth and breadth of capabilities required to address the critical e-business needs of customers in the aerospace, automotive, high technology, and process industries. We will be adding to our list of customers over the next few weeks and we feel confident that, moving forward, Ventro will be a leader in helping companies implement and execute their collaborative commerce strategies.
The integration of Ventro and NexPrise has gone very smoothly. We completed the consolidation of operations at our Mountain View facility a few weeks ago. Newly combined engineering and marketing teams are already working together on a variety of projects, and our sales team is in the field executing against our joint sales pipeline, said Ted Drysdale, formerly CEO of NexPrise, now president of Ventro. The Ventro collaborative commerce solution, formerly known as NexPrise ipTeam, is continuing to move forward as planned along its ambitious development path.
