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Tuesday April 6, 10:01 am Eastern Time
Company Press Release
SOURCE: Open Market, Inc.
Open Market Again Named the Number One Worldwide Market Share Leader For Internet Commerce Software
BURLINGTON, Mass., April 6 /PRNewswire/ -- Open Market, Inc. (Nasdaq: OMKT - news), a leading provider of Internet commerce and information publishing software, today announced that for the third consecutive year, Open Market is the worldwide market share leader for Internet commerce software.
According to a Dataquest Alert, Open Market is listed with 20% percent market share in the global Internet commerce market. Open Market continues to beat-out other vendors including Broadvision, IBM, Microsoft, Interworld, Intershop, Netscape, and Oracle.
According to Gary Eichhorn, president and CEO of Open Market, Inc., ''Open Market stands firm as the pre-eminent choice for Internet commerce software worldwide. These numbers verify what our customers already know: Open Market's products are leading the industry and our expertise in helping businesses leverage the opportunities presented by Internet commerce is second to none. Time and time again, companies who are serious about moving their businesses to the Internet select Open Market as their partner.''
This news follows on the heels of Dataquest's 1998 Digital Commerce Worldwide report entitled, ''Service Providers: A Rising Electronic Commerce Software Channel Partner,'' where Open Market is the market share leader for Internet commerce software with 8,800 licenses sold. Licenses include ShopSite(TM) and Transact(TM) merchant licenses and Transact and LiveCommerce(TM) enterprise licenses. Since the publishing of the report, Open Market has sold an additional 4,200 merchant licenses, bringing the total to 13,000 licenses sold, with over 6,500 merchants in production. This is more than any other vendor, including Microsoft and IBM combined.
Open Market's distinguished customer roster includes many of the world's most successful and recognizable businesses including Lycos, America Online, Consumers Union, BusinessWeek, Standard & Poors, USA Today, Playboy Online, RealNetworks, Acer, Ingram Micro, Milacron, and Cablevision. Additionally, Open Market has dominated the Commerce Service Provider market by establishing a worldwide infrastructure of telecommunications providers, banks, Internet Service Providers, portals, and other companies that provide commerce and store-building services to merchants on an outsource basis. Some of these include AT&T, Barclays Bank, First Union National Bank, France Telecom, Hiway, Netcom, NTT, Sage Networks, SBC Communications, Swiss PTT, Telecom Italia, and Telstra.
More about Open Market
Founded in 1994, Open Market, Inc. (Nasdaq: OMKT - news) is the market-share leader in Internet commerce software. Open Market's high-performance application software products and professional services allow its customers to engage in business-to-consumer and business-to-business Internet commerce, information commerce, and commercial publishing. Among Open Market's distinguished roster of global customers are many of the most popular domains on the Web, including Lycos.com, AOL.com, Time Warner's Pathfinder.com, major industrials such as Ingram Micro, Milacron, and Acer, more than 700 publishers using Folio Products, including the top 10 commercial publishers, and 10 of the world's top 13 national telephone companies. The company, headquartered in Burlington, Massachusetts, with offices in Japan, Canada, the UK, France, Germany, The Netherlands, Italy, and Australia can be reached by calling 1.888.OPEN.MKT or by visiting openmarket.com.
This news release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the company's limited operating history, delays in product development, development of the Internet market, changes in product pricing policies, competitive pressures, and the risk factors detailed from time to time in the company's periodic reports and registration statements filed with the Securities and Exchange Commission.
Open Market, Transact, ShopSite, LiveCommerce, and We ARE Internet Commerce are trademarks or registered trademarks of Open Market, Inc. in the United States and other countries.
SOURCE: Open Market, Inc. |
