It offered a platform for vertical trading hubs, another for large enterprises, and a third for the distributor channel segment.
[1] The company received 60% of revenue from licensing its software, 30% from support services, and 10% from transaction fees.
[6] By September 1999, the company had raised $28 million from investors including Internet Capital Group, Sigma Partners, Apex Investment Partners, Draper Fisher Jurvetson, First Analysis Corporation, Imlay Investments, and United Parcel Service.
It also had offices in Boston, Dallas, Tampa, San Francisco, Washington D.C., London and Tokyo.
[1] Ariba shares had tripled since the announcement of the acquisition 4 months earlier and Tradex was therefore valued at $5.6 billion, making Daniel Aegerter a billionaire on paper.