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Oracle and Covisint Partner for B2B Software Deployment

Strategic Insights

— 1 min read

Oracle Corporation, the largest provider of software for e-business, has partnered with Covisint, a joint venture between DaimlerChrysler AG, Ford, and General Motors, to provide business-to-business (B2B) software for Covisint's marketplace. Under the agreement, Oracle will provide Covisint with the necessary software to support and manage B2B activities, including the Oracle E-Business Suite, Oracle Exchange Marketplace, and Oracle technology platform. The partnership will enable Covisint to provide a comprehensive framework for business-to-business collaboration, transactions, communications, and e-business intelligence.

Key Takeaways:

  • Oracle will provide Covisint with the Oracle E-Business Suite, Oracle Exchange Marketplace, Oracle technology platform, and Oracle Internet Developer Suite to support and manage B2B activities.
  • Covisint will leverage the Oracle Exchange Marketplace to ensure secure transactions and collaboration for its marketplace.
  • Covisint has standardized on the Oracle E-Business Suite to run all internal business operations.
  • Oracle will receive an equity position in Covisint, LLC, as part of the agreement.
  • The transaction was closed in early December 2000 and will be recognized as revenue in Oracle's fiscal third quarter, which closes on February 28, 2001.
  • Covisint expects to establish offices in Europe and Asia, in addition to its temporary headquarters in Southfield, Michigan.

Statistics:

  • 55 Oracle products will be licensed to Covisint, including Oracle E-Business Suite, Oracle Exchange Marketplace, and Oracle 9i Application Server.
  • Covisint will implement the Oracle Exchange Marketplace, which will provide critical functionality such as security, single sign-on capabilities, registration, and pricing.
  • Oracle's equity position in Covisint, LLC will be a key asset for the company.
  • Covisint expects to contribute to the growth of the automotive industry by providing e-business solutions to its members.

Sources:

  • Oracle Corporation press release, December 13, 2000 (http://www.oracle.com/tellmemore/?524708)
  • Covisint, LLC website, www.covisint.com
  • About Oracle Corporation, Oracle Corporation website, oracle.com

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