Example: The Covisint auto industry exchange will strip 10% out of the cost of a car.

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B2B exchanges operated by industry consortia, such as Covisint, which trades supplies for car makers.

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David Miller, chief security officer at Covisint (a subsidiary of Compuware), is a perfect example.

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This gibes with what Joel Kremke, senior vice president of Covisint, told me over lunch the other day.

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The next frontier for Covisint is providing identity management for connected vehicles.

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Fast-forward to today, and Covisint finds itself in an enviable position.

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Covisint started out as an online auction site for auto components, but evolved toward a far more useful business model: providing motorists with secure access to the internet through their car.

FORBES: Influx of Nerds Changes Tenor of Auto Industry's Summer Camp

Instead, the company is making a number of moves to boost shareholder value, among other things declaring an annual dividend of 50 cents a share, and opting to spin off its stake in its Covisint unit to holders following a pending IPO of that business.

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