RadioShack.com Joins VerticalNet to Create New B2B E-Commerce Sales Initiative
HORSHAM, Pa., and FORT WORTH, Texas, Sept. 18 /PRNewswire/ -- VerticalNet, Inc. (Nasdaq: VERT - news), the Internet's leading portfolio of business-to-business communities of commerce, and RadioShack.com today announced their agreement to build five VerticalNet® E-Commerce Centers for the sale of RadioShack.com's commercial, industrial and maintenance, repair and operations (MRO) electronics products on the Web. This landmark agreement represents a major B2B initiative for RadioShack.com. B2B is one of the primary components of RadioShack.com's business model.
As a result of the strategic alliance announced by VerticalNet and Microsoft earlier this year, RadioShack.com will be able to quickly build its E-Commerce Centers on VerticalNet's network and offer their more than 30,000 electronic products to members of VerticalNet's industry-specific communities. All VerticalNet E-Commerce Centers are powered by Microsoft® SQL Server(TM), Microsoft Visual Studio Development Tools, Microsoft Windows 2000 Advanced Server, and Internet Information Server.
``RadioShack.com's presence in the B2B e-commerce arena is exciting for VerticalNet and our community of users,'' stated Joseph Galli, president and CEO for VerticalNet. ``This deal is a clear win for both companies. VerticalNet's customers will now have immediate access to an awesome number of technology products and services from a name they trust. At the same time, RadioShack.com will be extending its B2B e-commerce initiative to tens of thousands of new business purchasers on the Web.''
``Our relationship with VerticalNet is very strategic for us,'' said Henry Chiarelli, President of RadioShack.com. ``VerticalNet has already established a strong foothold in the B2B marketplace. We have been selling our commercial, industrial and MRO products and services to the business, government and education marketplaces. Now, through this collaboration with VerticalNet we will be able to expand our B2B reach via VerticalNet's B2B communities.'' |
