Vitria Technology (Nasdaq: VITR), another recently publice-commerce infrastructure company, also saw a major spike in its stock on Tuesday. Shares of Vitria, which develops e-business software, climbed more than 18 percent, gaining 8-7/16 to 55 after the company announced an alliance with Clarify, which provides front office solutions for the telecommunications industry.
Clarify becomes the first front office vendor to bundle Vitria’s BusinessWare in the telecommunications market. Clarify has more than 170 customers, including British Telecommunications, Deutsche Telekom, Sprint PCS and US West.
Vitria stock also benefited from the strong buy rating it received on Tuesday from Credit Suisse First Boston, the lead underwriter of its initial public offering. In addition, BancBoston Robertson Stephens and Soundview Technology both gave Vitria a buy rating on Tuesday.