B2B: Not as dead as all that

Well, this has surely been a crappy year for Internet related stocks, a bad 16-18 months even, but the market appears to be developing some legs. VerticalNet is acquiring Atlas Commerce for their collaborative sourcing solution, a multi-party private exchange platform. Verticalnet is only paying around $24 million for Atlas’ expected 2001 revenues of $9.7M; Verticalnet’s CEO sees “remarkable synergies with Atlas Commerce in terms of our shared vision, rich technology assets, target markets and geographical proximity.” Ha ha ha, he said synergies.