Tech vendor Aspen buys e-Chemicals

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Supply chain vendor Aspen Technology Inc. acquired e-Chemicals for a reported $5 million. The deal closes the book on the struggling e-marketplace, which, despite funding from Internet Capital Group Inc., could never gain the traction of other chemical b-to-b dot-coms. Aspen envisions using e-Chemicals procurement technology to help large chemical companies set up private e-marketplace relationships with key suppliers.
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