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Short Take: Chase, BVR form company

The Chase Manhattan Bank and software development company BVR LLC of Woodbridge, Virginia, plan to form a new company, Intelisys Electronic Commerce, which will use the Internet and intranets to provide purchasing solutions. The Intelisys purchasing system will enable users to order goods online and deliver purchase orders to suppliers via the Internet. Companies will pay vendors online via their Chase purchasing card.

The Chase Manhattan Bank and software development company BVR LLC of Woodbridge, Virginia, plan to form a new company, Intelisys Electronic Commerce, which will use the Internet and intranets to provide purchasing solutions. The Intelisys purchasing system will enable users to order goods online and deliver purchase orders to suppliers via the Internet. Companies will pay vendors online via their Chase purchasing card.