After Eutilia… sadly, BT Transact will cease all operations by mid-year 2007. The decision was taken some time ago, but is now official on their website: As many, BT Transact didn’t find anyway to reach the ‘critical mass’ fast enough and to reach profitability. Too many players; no differentiator; too costly and complex; not attractive enough…
BT Transact was a pioneer in the B2B e-Marketplace world. One of the last horizontal survivor as well. So far, you could read on their website:
BT launched the first marketplace of its kind outside of the US and was instrumental in the first global transaction between eMarketplaces.
In addition, we offer proven connections, content and trading services and maintain the latest standards, while always ensuring that our services reflect the needs of our customers.
To verify our claims, we recommend that you simply talk to our customers. After all, they include 80 per cent of the FTSE 100 companies and 20 of the top 50 Fortune 500 companies.
Source: BT Transact website
As BT (Transact) is not giving much information about their decision, if you want to know more, I suggest you to read what Manoj Ranaweera wrote here on his blog.
If anyone has further details, he is welcome to comment.