e2open names CEO, opens doors

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Silicon Valley--Electronics marketplace e2open named its CEO Wednesday and announced its formation as an independent company. The exchange is led by some of the biggest names in computers and electronics, including IBM, Hitachi, Lucent Technologies and Nortel Networks. It also added a 10th member Wednesday, computer maker Acer. e2open named former Solectron executive Mark Holman, who helped develop the exchange, as its new CEO. The company looks to possibly be the largest exchange of its kind, surpassing even auto marketplace Covisint. It has $200 million in venture backing, and the intersection of the electronics, communications and computing marketplace represents massive industry spending. The group is using technology from IBM, Ariba and i2 Technologies. It opens with some auction services and a so-called Design Win Collaboration service, which lets its members do co-engineering. To come soon are supply chain, MRO and open exchange services. The company is looking for headquarters space in Silicon Valley.
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