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Wed 18 Apr 2001 04:00 AM

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C1 gets off the ground in Qatar

Commerce One Middle East Limited announces the ownership consortium of its planned Qatari business to business marketplace; Q-Tel and The International Investor will be the members.

C1ME Limited, Commerce One Distributor Operations, announced that Qatar Telecom Q.S.C. (Q-Tel) and The International Investor (TII) will be co-owners of its planned e-marketplace for Qatar.

The new company will be called C1QT and will drive the launch and ongoing development of the marketplace in the country.

C1ME did not state, however, when the business to business marketplace is likely to go live.

"This agreement marks a major step forward in the Qatari e-marketplace development as it allows the members to benefit from greater efficiencies provided by e-procurement,“ said David Brown, CEO of C1ME Limited, Commerce One Distributor Operations. “B2B exchanges bring new life to a time consuming, high cost and inefficient supply chain process in traditional trade.”

Business to business marketplaces, or e-marketplaces, allow buyers and sellers to carry out business transactions online. This can include order to payment, catalogue management and consultation, order approval processing, delivery and invoicing as well as on-line auctions and tender offers.

When it launches, the C1QT Limited e-marketplace will be connected to the Commerce One Global Trading Web, a global business to business trading network that includes companies such as British Telecom.

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