, an online marketplace for electronics companies, said Monday that it inked a three-year, multimillion-dollar contract with Seagate Technology, a maker of tape and disk drives. Seagate, a founding member of E2open, plans to release the company's browser-based tools for exchanging product designs and data to 10,000 employees and 2,000 people at major suppliers and contractors. E2open launched in 2000 with $190 million in funding from founding members IBM, Nortel Networks, Hitachi, LG Electronics and others. The company has 37 projects under way aimed at enabling its founding members to seamlessly exchange inventory, sales and product design data with business partners online.
The undertaking, for which E2open collects subscription fees, requires the integration of numerous software packages and data formats. The company's rival, Converge, formed by Hewlett-Packard, Compaq Computer and several other computing companies, abandoned development of a similar service last fall to focus on online auctions and purchasing tools.