FLNK ....sleep well mon ami!
Futurelink Signs Partnership Agreement With Net Perceptions
IRVINE, Calif.--(BUSINESS WIRE)--July 8, 1999--FutureLink
Distribution Corporation (NASD:OTC:BB:FLNK), a leading application
service provider (ASP), today announced a partnership with Net
Perceptions (TM) (NASDAQ:NETP), the leader in real-time
personalization solutions. The alliance consists of two major
components. Net Perceptions has chosen FutureLink as its Application
Service Provider, providing its ASP services to Net Perceptions; in
addition, FutureLink becomes the first ASP reseller of licenses for
Net Perceptions' products.
"This alliance is a pivotal development in FutureLink's
e-commerce business strategy. The Internet is a hotbed for retail
business, and our partnership with Net Perceptions establishes a
strong foundation for FutureLink's participation in that burgeoning
industry," said Cameron Chell, CEO of FutureLink. "Net Perceptions is
a noted leader in the real-time personalization solutions industry,
evident by their impressive customer base including CDnow, E!Online,
Tower Records and Ticketmaster Online. We look forward to working with
Net Perceptions to provide customers leading-edge ASP e-commerce
solutions."
As stated in the terms of the agreement, Net Perceptions will
allow FutureLink to host, manage and resell software licenses on a
subscription basis to current and future customers. FutureLink, at the
forefront of ASP vendors, provides small and mid-size businesses with
applications for a monthly fee. FutureLink provides application
hosting, business consulting and outsourcing services as part of its
overall ASP services. In addition, FutureLink and Net Perceptions will
also partner for several key co-marketing initiatives.
"FutureLink is an impressive and influential member of the ASP
industry. Their ASP expertise, combined with their understanding of
our business, solidifies our confidence in their abilities to deliver
premium service," said Steven Snyder, president and CEO of Net
Perceptions. "In addition, the trend towards real-time marketing,
which enables more business to be transacted on line, is a significant
factor in our growth. FutureLink will be a valuable partner in
expanding our customer base and capitalizing on this emerging market."
About Net Perceptions
Net Perceptions is a leading supplier of real-time
personalization solutions that enable Internet retailers to market to
customers on a true one-to-one basis. Net Perceptions is the
originator of the Realtime Recommendation Platform, which integrates
collaborative filtering, neural network, fuzzy logic and genetic
algorithm technologies, and automatically applies the optimum
technology to whatever recommendation or personalization task is at
hand. Net Perceptions' founders include the original team of
University of Minnesota researchers who pioneered the concepts and
applications of collaborative filtering. Net Perceptions products
include Net Perceptions for E-Commerce, Net Perceptions for Call
Centers and the Net Perceptions Recommendation Engine.
Net Perceptions, based in Minneapolis, is a publicly held company
(NASDAQ:NETP) which operates additional offices in New York and San
Francisco. Nearly 85 Internet innovators have selected Net Perceptions
solutions including: ART.com, Audio Book Clubs, Bertelsmann Online,
Billboard Talent Net, CDnow, E!Online, iVillage, Planet Direct,
SkyMall, Ticketmaster Online and Tower Records. Net Perceptions can be
reached by calling 1-800-466-0711 or on the World Wide Web at
netperceptions.com.
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