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Cisco joins Ford-Oracle buyer network

Published on .

Dearborn, Mich.--High-flying Cisco Systems, San Jose, Calif., said Thursday that it will become an equity partner in Ford Motor Co.'s plan to build a buying hub for its $80 billion in annual transactions with suppliers. Cisco is the second major technology company to join what's called auto-xchange, following database giant Oracle Corp., Redwood Shores, Calif. Cisco will be responsible for delivering secure network management to the network. It will deliver a ``quick-start kit'' to Ford's 30,000 suppliers, allowing those companies to get hooked up to the network quickly. Ford, Dearborn, Mich., said its first online auction, conducted last week, exceeded $75 million in bidding.
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