Harbinger, a supplier of e-commerce software, has acquired EDI Works, a provider of e-commerce outsourcing services. The owners of EDI Works received 129,665 shares of Harbinger stock for all of the outstanding equity in EDI Works. The transaction will be accounted for under the pooling of interests method of accounting, and the company expects to incur transaction-related charges totaling between $500,000 and $750,000 during the first quarter of 1998.
The phone carrier will use the electronic data interchange service to allow its suppliers to take orders and submit invoices over the Net.
The software lets companies initiate financial electronic data interchange transactions with their banks over the World Wide Web.
Three companies that make electronic data interchange software release new products to ride the e-commerce wave.
Atlanta-based Electronic Commerce Systems has unveiled NetVAN, its electronic data interchange (EDI) service for secure electronic commerce. ECS offers services such as mailboxing, archiving, and audit trails that are available on traditional value added networks (VAN), and costs less than the secure private networks VANs use. Other EDI-over-the-Net services use secure email, which makes it harder to offer traditional VAN services to assure that transactions are conducted correctly. The service, which uses PGP for security, requires setting up a "trading partner" relationship and use of a Web browser.
DynamicWeb's introduces new software based on electronic data interchange documents that translates orders into other EDI documents.
Mellon Global Cash Management, an affiliate of Pittsburgh's Mellon Bank, begins using electronic data interchange on the Internet with its first customer, Bell Atlantic.
Sterling Commerce has signed an OEM agreement with SpaceWorks to use version 3.0 of SpaceWorks' OrderManager e-commerce software for Sterling Commerce's Commerce:Interact service. That service provides secure Web-based catalogs and order processing for business-to-business transactions to supplement Sterling Commerce's secure private network for electronic data interchange (EDI) transactions. EDI automates transactions by sending them directly from computer to computer.
Chase Manhattan Bank has hooked up with Premenos Technology to conduct a trial of new kind of electronic data interchange that will make it possible for corporations to make financial payments and deposits over the Internet.
The start-up is positioning its software suite as a cheaper, more flexible alternative to EDI and collaborative software, targeting e-commerce.