VerticalNet

Verticalnet, Inc.
Founded1995; 29 years ago (1995)
FounderMichael McNulty
Michael Hagan
FateAcquired by Bravo Solutions (2008)
HeadquartersHorsham, Pennsylvania
RevenueDecrease $16 million (2006)
Decrease -$24 million (2006)
Total assetsDecrease $20 million (2006)
Total equityDecrease $2 million (2006)
Number of employees
88 (2006)
Footnotes / references
[1]

Verticalnet, Inc. was a host of 43 business-to-business (B2B) procurement portals headquartered in Horsham, Pennsylvania.[2] It was famous for its market capitalization of $10.89 billion on March 10, 2000, during the dot-com bubble,[3] despite sales of only $112.5 million in 2000.[4] Verticalnet was acquired by Bravo Solutions in 2008 for $15.2 million.[5][6]

  1. ^ "Verticalnet, Inc. 2006 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Land grab". Forbes. June 23, 1999.
  3. ^ Callahan, Sean (May 8, 2000). "VerticalNet: A Web pioneer in transition". Advertising Age.
  4. ^ Cite error: The named reference infoweek was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference bravotoacquire was invoked but never defined (see the help page).
  6. ^ Cite error: The named reference bravocompletes was invoked but never defined (see the help page).