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Key people at CommerceOne.
CommerceOne Bank is a community-focused financial institution based in Birmingham, Alabama, that provides personal banking, commercial lending, and comprehensive wealth management services to regional corporate and individual customers. Operating as the city's first startup bank in a decade, the institution utilizes a traditional relationship-driven business model combined with modern financial technology. In July 2025, the bank engaged in strategic corporate transactions with financial technology company Green Dot Corp to expand its overall operational capabilities and service offerings. The institution's board of directors includes prominent local entrepreneurs such as Bill Smith, the founder of Landing and Shipt, a delivery enterprise which was acquired by Target in 2017. Bringing over 30 years of regional banking and credit administration experience to the new venture, CommerceOne Bank was officially founded in 2018 by Kenneth Till, Mr. Freeman, and Mr. Mathews.
Key people at CommerceOne.
Commerce One Inc. was a pioneering B2B e-commerce software company that developed platforms enabling businesses to collaborate with partners, customers, and suppliers via the internet, focusing on online marketplaces, procurement, and supply chain automation.[1][2][4] It built products like BuySite (a server for electronic catalog purchasing), Commerce Chain Suite (linking partner servers), and Global Trading Web (interconnected e-marketplaces), serving enterprises such as General Motors and BellSouth to streamline indirect procurement, reduce costs, and facilitate global transactions without system interoperability barriers.[1][2] The company solved key e-commerce challenges like supplier participation, multi-catalog integration, and XML/SOAP standards development, achieving explosive growth from $812,000 in 1996 revenue to $401 million in 2000 before the dot-com bust led to its decline.[1][4]
Founded in 1994 as DistriVision Development Corporation by Tom Gonzales and his son in Pleasanton, California, the company initially sold office automation software to banks and later pivoted to multimedia catalog development.[1][2][4] In 1996, Mark Hoffman, co-founder of Sybase Inc., became president and CEO, securing $7 million in funding and recruiting Sybase talent to rebrand it as Commerce One in 1997, shifting focus to B2B e-commerce tools.[1][2] Early traction came from products like the 1997 CI BuySite Proxy Catalog Server and 1998's massive business-supplies catalog with 5,000 suppliers; the 1999 IPO (NASDAQ: CMRC) and GM partnership fueled rapid expansion to 1,300 employees and $33 million in sales that year.[1][2][5]
Commerce One rode the late-1990s dot-com wave of B2B internet adoption, capitalizing on hype around e-marketplaces to transform linear supply chains into collaborative networks amid Y2K-driven digital shifts.[1][2] Timing was ideal post-IPO in 1999, as firms sought web-based procurement amid rising internet infrastructure (e.g., MCI backbone hosting), but market saturation from rivals like Ariba and Oracle, plus slowing exchange investments, eroded its edge by 2001.[1][2] It influenced the ecosystem by pioneering standards like XML/SOAP and large-scale catalogs, paving the way for modern ERP integrations and cloud procurement, though its fall highlighted bubble risks in unprofitable network models.[1]
Commerce One's legacy as a B2B e-commerce trailblazer faded post-dot-com crash, with the U.S. entity filing for bankruptcy around 2004 and reorganizing without sustained impact.[1][4] Note a separate Japanese firm, Commerce One Holdings Inc. (formerly TradeSafe, listed on Tokyo Stock Exchange since 2020), continues in e-commerce services like CMS tools, but lacks direct ties to the original.[3] For the original, no revival is evident; its influence persists in procurement tech evolution, shaped by AI-driven supply chains and blockchain—trends modern successors like SAP Ariba exploit.
