Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


VerticalNet sells its electronics exchange

Published on .

With its stock price taking it on the chin, VerticalNet Inc. agreed to sell its NECX electronics exchange to Converge Inc., a 15-member consortium of high-tech manufacturers and distributors. Specific terms weren’t disclosed, but VerticalNet will receive a 19.9% equity stake in Converge, becoming its largest shareholder. VerticalNet, which operates online b-to-b communities, purchased the three companies that comprise NECX last year. VerticalNet said the sale offers VerticalNet Solutions an opportunity to sell more software to the high-tech industry.
Most Popular
In this article: