Edgar Filing: VERTICALNET INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â BRAVOSOLUTION U.S.A., INC.

2. Date of Event Requiring Statement (Month/Day/Year)
10/31/2007

3. Issuer Name and Ticker or Trading Symbol
VERTICALNET INC [VERT]

(Last)

(First)

(Middle)

C/O ESQUIRE ASSIST LTD.,Â 300 NORTH 2ND STREET, SUITE 630

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

HARRISBURG,Â PAÂ 17101

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security
(Instr. 4)

2. Amount of Securities Beneficially Owned
(Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)

4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series C Preferred Stock	Â ⁽¹⁾	Â ⁽¹⁾	Common Stock, $0.01 par value	322,007 ⁽²⁾	$ 2.56	D ⁽³⁾ ⁽⁴⁾ ⁽⁵⁾ ⁽⁶⁾	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BRAVOSOLUTION U.S.A., INC. C/O ESQUIRE ASSIST LTD. 300 NORTH 2ND STREET, SUITE 630 HARRISBURG,Â PAÂ 17101	Â	Â X	Â	Â
BRAVOSOLUTION S.p.A. VIA ROMBON 11 MILAN,Â L6Â 20134	Â	Â	Â Chief Executive Officer	Â
ITALCEMENTI S.p.A. VIA CAMOZZI 124 BERGAMO,Â L6Â 24121	Â	Â	Â	Attorney-in-fact
ITALMOBILIARE S.p.A. VIA BORGONUOVO 20 MILAN,Â L6Â 20121	Â	Â	Â	Attorney-in-Fact

Signatures

/s/ Antonino Pisana		11/09/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The Series C Preferred Stock, par value $0.01 per share (the "Series C Preferred"), of Verticalnet, Inc. (the "Company") is convertible at any time, at the holder's election, and has no expiration date.
(2)	On October 31, 2007, upon consummation of the transactions contemplated by the Stock Purchase Agreement (the "Purchase Agreement"), dated October 25, 2007, by and between the Company and BravoSolution U.S.A., Inc. ("BravoSolution U.S.A."), BravoSolution U.S.A. acquired from the Company 322,077 shares (the "Shares") of Series C Preferred, which on the date of this filing is convertible into 322,077 shares of common stock of the Company, $0.01 par value (the "Common Stock"), in exchange for total consideration in cash of $824,337.92, or $2.56 per share of Series C Preferred.
(3)	The sole shareholder of BravoSolution U.S.A. is BravoSolution S.p.A., which may thus be deemed to indirectly have sole power to direct the voting and disposition of the Shares held by BravoSolution U.S.A. BravoSolution S.p.A. is a corporation organized under the laws of the Republic of Italy, and its principal business is providing eSourcing software solutions. The principal place of business of BravoSolution S.p.A., which also serves as its principal office, is Via Rombon 11, 20134, Milan (Italy).
(4)	BravoSolution S.p.A. is majority-owned by Italcementi S.p.A., which may thus be deemed to indirectly have sole power to direct the voting and disposition of the Shares held by BravoSolution U.S.A. Italcementi S.p.A. is a corporation organized under the laws of the Republic of Italy, and its principal business is cement manufacturing. Italcementi S.p.A.'s securities are listed on the Milan Stock Exchange. The principal place of business of Italcementi S.p.A., which also serves as its principal office, is Via G. Camozzi 124, 24121 Bergamo (Italy).
(5)	Italcementi S.p.A. is majority-owned by Italmobiliare S.p.A., which may thus be deemed to indirectly have sole power to direct the voting and disposition of the Shares held by BravoSolution U.S.A. Italmobiliare S.p.A. is a corporation organized under the laws of the Republic of Italy, and its principal business is as a corporation that invests in, and owns, companies operating in Italy and abroad. Italmobiliare S.p.A.'s securities are listed on the Milan Stock Exchange. The principal place of business of Italmobiliare S.p.A., which also serves as its principal office, is Via Borgonuovo 20, 20121 Milan (Italy).
(6)	Pursuant to Rule 16a-1(a)(4) of the Securities Exchange Act of 1934, as amended, each of the Reporting Persons, other than BravoSolution U.S.A., herein states that this filing shall not be deemed to be an admission that it is a beneficial owner of any of the Shares covered by this Initial Statement of Beneficial Ownership of Securities on Form 3. Each of BravoSolution S.p.A., Italcementi S.p.A., and Italmobiliare S.p.A disclaims beneficial ownership of the Shares, except to the extent of their respective pecuniary interest in the Shares.

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