For a company currently valued at zero by the market, INSP continues to strike deals. This looks like a good one! According to Merrill Lynch, INSP earns between .7 and 1.1% commission on the total dollar amount of transactions. ($5 M on $600 M last Q). Using the same percentage of .833% for this deal, this would add $83,300,000 in top line revenue over a year. I'm going to call IR and see if I can verify this. Any comments from the NJ Hate Club or others would be welcome....
Dydacomp Selects InfoSpace's Authorize.Net Payment Processing Platform for Leading Online and Catalog Merchants InfoSpace to power customized payment solution for Dydacomp clients that together process over $10 billion annually and include over 5,000 leading companies such as Ticketmaster, Dow Jones, The Dallas Cowboys, Levi Strauss, and Daytimers
BELLEVUE, Wash. & TOTOWA, N.J., Aug 28, 2001 (BUSINESS WIRE) -- InfoSpace, Inc. (Nasdaq:INSP), a leading provider of the platform and applications that enable partners to deliver consumer and commerce services across the Internet to any device over current and next-generation networks, and Dydacomp today announced that InfoSpace's Authorize.Net(TM) payment processing platform will power a customized payment gateway solution for Dydacomp's Mail Order Manager and SiteLINK products.
The service will be delivered to new and existing Dydacomp clients with the latest version of Dydacomp's Mail Order Manager (M.O.M) catalog management system. Together, Dydacomp's clients process over $10 billion in mail order and e-commerce transactions annually and include leading companies such as Ticketmaster, Dow Jones, The Dallas Cowboys, Levi Strauss, and Daytimers.
Dydacomp is a leading provider of multi-channel catalog management and e-commerce software for B-to-B and B-to-C businesses worldwide. Mail Order Manager, first released in 1986, is a full-featured catalog management system and is utilized by over 5,000 leading merchants worldwide including Xerox, Samsonite, New Balance, Hormel Foods, L'Oreal, and Burton Snowboards.
"Our client list of leading merchants rely on Mail Order Manager and SiteLINK as the lifeblood of their business and therefore require the very best solutions upon which to run them," said Dave Kopp, president and chief executive officer of Dydacomp. "We chose InfoSpace's Authorize.Net payment processing platform because its best-of-breed technology and full range of features offers the highest levels of security, performance and scalability our clients demand."
Key M.O.M. features include inventory control, order entry, customer maintenance, contact management, fulfillment/warehouse management, credit card processing, list management, A/R, A/P, supplier maintenance, purchasing/receiving and reporting. SiteLINK, initially released in 1997, is Dydacomp's e-commerce software that enables M.O.M. clients to create and maintain a database driven online store using M.O.M. inventory, shipping, tax, order and customer history information to provide clients with a dynamic, end-to-end e-commerce solution.
InfoSpace's Authorize.Net(TM) service has been pioneering online payment processing solutions since 1996 providing server-based payment solutions that enable merchants to process transactions in a secure, real-time environment 24 hours a day and in over 130 currencies. Over 100,000 merchants have signed up for Authorize.Net, which enables merchants to authorize, process, and manage credit card and electronic check transactions on Internet-enabled mobile devices and personal computers.
"This marks a major step forward in accomplishing our goal of establishing the InfoSpace payment processing platform as the default platform for credit card and electronic check transactions," said Naveen Jain, chairman and chief executive officer of InfoSpace. "By working with partners like Dydacomp, we demonstrate the power of the technology behind our platform and the level of scalability and performance we have achieved."
About Dydacomp
Dydacomp specializes in software solutions for direct marketing and e-commerce. Mail Order Manager, first released in 1986, is a full-featured catalog management system including inventory control, order entry, customer maintenance, credit card processing, list management and other seamless features. M.O.M.'s client base, currently at over 5,000 installations, consists of mail order, fulfillment, call-center and web commerce companies. SiteLINK is Dydacomp's e-commerce software that enables a M.O.M. user to create and maintain a web commerce store using the inventory and customer order information stored in M.O.M. The end result is a completely database driven on-line store with a high degree of design, sales and customer service. |
