Mercator Software has named Roy C. King, formerly IBM General Manager for consulting and integration services in Europe, as its new president and CEO. King brings 28 years of business leadership to Mercator, including experience in manufacturing, general consulting, and the Internet. Prior to joining IBM, he was a partner of Booz Allen & Hamilton and of KPMG.

“I am honored that the board of directors has asked me to lead Mercator to a significantly higher level,” said King. “We have superior technology and personnel, and we boast a large roster of prestigious customers. The market is expanding dramatically, and, solidified by a strong fourth quarter and significant new strategic relationships, we are positioned to take full advantage of this enormous opportunity. The challenge is to speed execution in giving the market the products and services it demands – and which Mercator is uniquely capable of delivering.”

Additionally, Mercator has formed a strategic alliance with Mitsui Corporation who will jointly market Mercator’s e-Business Broker suite of integration products to the Japanese B2B market. The companies plan to incrementally spend $18 million on a combined marketing campaign for Japan between 2001 to 2003. In addition, Mitsui has made a direct private-placement equity investment in Mercator by purchasing stock totaling $2 million at prevailing market prices.