Enporion, a global marketplace targeted at the energy industry, is scheduled to begin operating by the end of the year. Enporion marks the first collaborative business-to-business effort by the SAP and Commerce One venture SAPMarkets.
Germany's SAP makes enterprise resource planning software. Pleasanton, Calif.-based Commerce One is a business-to-business software giant.
"The exchange represents a strategic opportunity for both Commerce One and SAP," Mark Hoffman, Commerce One's CEO, said in a statement. "It will allow us to show how our two companies' best-of-class solutions will combine to create an online trading community."
Launched in March, SAPMarkets builds online marketplaces for businesses and their partners and suppliers.
In May, SAP said it would buy $250 million worth of Commerce One shares as part of a plan to jointly develop e-commerce marketplaces. SAP, which developed its own procurement software, now collaborates on new and existing marketplace products with Commerce One.
Commerce One has been revered as the so-called pioneer of the lucrative business e-commerce market, selling its specialized software to create online marketplaces to companies looking to drive down their purchasing costs by moving their supply chain online.
Analysts say SAP needs to work with Commerce One to keep up with Oracle, which has been busy inking online marketplace deals in recent months.