Commerce One

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Commerce One was one of the pioneering e-commerce companies. [citation needed]

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.

The company filed for Chapter 11 bankruptcy protection on Oct. 6 2004 [1]. In December 2004, its patent portfolio was sold by a bankruptcy court to JGR Acquisitions, a subsidiary of Novell, Inc., for $15.5 million.[2]

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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