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Converge is buying $107.5 million worth of e-commerce systems and support from VerticalNet Solutions, once known as Tradeum Technologies.

Converge is the e-commerce exchange founded by



and 14 major technology companies.

The unit of Israel's VerticalNet


will provide Converge with software and technical support services over three years.

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VerticalNet bought Tradeum in March in a stock swap worth $474 million at the time. Then VerticalNet traded at $142, $6 higher than today.

Tradeum has been converted into VerticalNet¿s independent solutions division. It maintains a development center in Jerusalem staffed by 100 engineers.

VerticalNet operates 58 B2B e-commerce exchanges, according to industry sources. Its three units,

VerticalNet Markets


VerticalNet Exchanges

and VerticalNet Solutions, function independently.

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