Verticalnet Zeros in on Supply Chain
In what officials said is the final step of a restructuring plan put in place more than a year ago, Verticalnet Inc. announced a new president and CEO late last month.In what officials said is the final step of a restructuring plan put in place more than a year ago, Verticalnet Inc. announced a new president and CEO late last month. Kevin McKay took over the top spot at the Horsham, Pa., company. A former CEO of ERP (enterprise resource planning) at software developer SAP America Inc., McKays charter is to continue Verticalnets metamorphosis from a provider of public e-marketplaces to a collaboration software maker, which will bring it into competition with companies such as Manugistics Group Inc. and i2 Technologies Inc. McKays first step is to sell Verticalnets 59 e-marketplaces. He spoke with eWeek Senior Writer Renee Boucher Ferguson about his plans for the company. eWeek: How has the uptake on Verticalnets software business been?
McKay: Verticalnet, over the period of the last few years, has been quite acquisitive, where weve acquired quite a lot of software. Now, the focus is on the best of technology coupled with the best of our staff, and the software will really drive the company forward. The acquisition of Atlas Commerce [Inc. in December] played a key role in bringing functionality with strategic sourcing; [now we want to] make it work for us.