FRAMINGHAM (06/30/2000) - Yahoo Inc. this week announced a new enterprise information portal called Corporate Yahoo, which will let companies offer customized Web pages for employees that combine corporate information with Yahoo's content, such as news headlines and stock quotes. The portal, developed in conjunction with Tibco Software Inc. in Palo Alto, California, resides behind a corporate firewall, making it possible to integrate information from a company's intranet, databases and enterprise applications without security risk, said company officials. Yahoo said four customers have signed up to use the new service. But only one, the North Carolina state government, isn't also listed as a supplier or businesspartner of Yahoo.
Ariba Inc. this week announced it will buy privately held SupplierMarket.com in a stock deal worth approximately US$580.8 million. Ariba said the SupplierMarket.com deal will bolster its Internet-based technologies that allow customers to find new trading partners, negotiate contracts and collaborate online. Burlington, Massachusetts-based SupplierMarket.com specializes in collaborative sourcing, focusing on materials issues in various vertical markets. Ariba will issue approximately 6.3 million shares of stock for the purchase. The deal is expected to close in the third quarter.
Meta Group Inc. in Stamford, Connecticut, last week unveiled the Global New E-Economy Index, a measurement of the technological production and potential of 47 countries. The index is based on such factors as the number of qualified engineers and higher-education students in a given country, the average number of patents and money spent on research and development each year, the number of Internet service providers and the availability of venture capital. The U.S. ranks first on the index, followed by Japan, Germany, France, Finland, Canada and the U.K. At the bottom of the index are South Africa, Venezuela, Slovenia, Thailand and Indonesia. The index is located at www.metricnet.com.
Latin American Patagon.com International Ltd. entered the U.S. market this week with the acquisition of KeyTrade Online for an undisclosed price. The purchase of the online discount brokerage company helps Patagon.com - which offers online financial services and information in Argentina, Brazil, Spain, Mexico, Chile and Venezuela - move forward with its global expansion. Patagon.com has had much success in the U.S., raising more than $60 million in financing from companies such as J. P. Morgan Capital and The Goldman Sachs Group Inc.
Yahoo said this week that it will use Google Inc. for its search services instead of its former provider, Inktomi Corp. The news comes on the heels of Mountain View, California-based Google's claim that it is now the world's largest search engine, with more than 1 billion Web pages indexed. Rivals range from 214 million pages (Excite Inc.) to 600 million (Lycos Inc.), according to data at www.searchenginewatch.com/reports/sizes.html). Inktomi has 500 million pages, said Paul Hagen, an analyst at Forrester Research Inc. in Cambridge, Massachusetts.