Internet Capital Group Technology White Paper on Internet Software Platforms Now Available
Tuesday June 28, 10:00 am ET
Article Examines the Role of the Internet in Business Today and Presents the Company's Unique Perspective on the Future of This Industry
WAYNE, Pa.--(BUSINESS WIRE)--June 28, 2005--Internet Capital Group, Inc. (Nasdaq:ICGE - News) today announces the availability of it's recently published white paper: Internet Software Platforms on its website. The team leveraged the unmatched technology experience and intellectual property maintained within its executives to develop an in-depth look at the current and future effect of new Internet models on the way business is done.
"We've tapped our deep pool of experience in launching, acquiring and building Internet companies to put together the thesis behind this paper, which is also the kernel of our investment strategy," says Buckley. "The white paper examines the role of the Internet in driving firms to reduce costs and increase efficiencies both within the organization, as well as reduce transaction costs between firms - and the new business models emerging as a result."
The theme is based on the idea that although the Internet is today a core part of the world's communication infrastructure, related technology has yet to fully mature and in fact, the industry is now at the point where the Internet will have a dramatic impact on how industries are structured and on how firms within those industries interact with each other in complex industry ecosystems. This idea is one of the many filters with which Internet Capital Group is currently reviewing new acquisition opportunities.
The paper delves down even deeper to look at the models that will deliver the greatest value as the industry evolves. The Internet creates price transparency and continues to drive down margins forcing firms to reduce costs by becoming more efficient. At the same time, it reduces transaction costs between firms. As transaction costs decline and the communications infrastructure enables better collaboration between individuals in different firms, there is a natural tendency for firms to "unbundle" and for industries to "disaggregate" and evolve into ecosystems. This will drive suppliers to increase industry efficiency by attacking the business processes between firms. This is often accomplished by providing some form of platform upon which firms can transact with other members of the ecosystem. The more successful platform providers will do this in a way that provides network effects among ecosystem members and allows other suppliers to add capability and value to the platform, enhancing the keystone position of the platform provider and enhancing the value of the platform to all members.
For a copy of ICG's white paper: Internet Software Platforms, please visit the company's website at www.internetcaptial.com. If you'd like a copy to me mailed to you, please e-mail ir@internetcapital.com or call 610-727-6900.
About Internet Capital Group
Internet Capital Group (www.internetcapital.com) builds and owns Internet software companies that drive business productivity and reduce transaction costs between firms. Founded in 1996, ICG devotes its expertise and capital to maximizing the success of these platform companies that are delivering on-demand software and service applications to customers worldwide. |
