Open Market Announces Its Newest
Commerce Service Provider: Terranet
PR Newswire - April 27, 1999 11:31
Malta-Based ISP Licenses Transact and ShopSite to Provide Commerce
Services to its Customers
BURLINGTON, Mass., April 27 /PRNewswire/ -- Open Market Inc.,
(Nasdaq: OMKT), a leading provider of Internet commerce and
information publishing software, today announced that Terranet Ltd., a
leading provider of Internet services in Malta, has licensed Open Market's
Transact(TM) and ShopSite(TM) software products to provide
leading-edge e-commerce services to merchants in Malta. Open Market's
proven and secure software will help Terranet evolve its business as a
leading Commerce Service Provider (CSP) in the region. The goal of this
initiative is to open both local and international markets for Maltese
companies and bring new worldwide commercial opportunities to the
Maltese economy.
In line with international trends, Terranet Ltd. is moving from its current
business model, which is focused mainly on Internet access, to a model
based on value-added Internet services. E-commerce is considered by
Terranet to be one of the most important of these services.
Terranet will be deploying Open Market's technology to provide the local
business community with the full range of back-end transaction capabilities
required to enable Internet shopping.
"Open Market continues to be the pre-eminent supplier of solutions to
Commerce Service Providers around the globe," said Jeff Bussgang, vice
president of marketing, Open Market, Inc. "With the addition of Terranet,
Open Market now has over 50 CSPs worldwide that are providing the
easiest and most cost-effective way for small businesses to move their
business online."
More About Terranet
Terranet Ltd. was founded in 1995, and is a fully owned subsidiary of
Maltacom plc, Malta's leading telecommunication services provider.
Leading the market in the provision of Internet access through its maltaNET
brand, the company is in the process of expanding its operations towards
the development and delivery of online interactive multimedia services.
Terranet's market lead in the business sector also allows the company to
continue to expand its range of value-added services to corporate
environment including consulting on and implementation of e-commerce
solutions. Terranet Ltd. is located at the Dolphin Centre, in Balzan, Malta
and may be reached on (+356)489600 or at info@maltanet.net.
More about Open Market
Founded in 1994, Open Market, Inc. (Nasdaq: OMKT) is the
market-share leader in Internet commerce software with over 20,000
merchant licenses sold worldwide. 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, 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.
/CONTACT: Media: Katie O'Loughlin, 781-359-7366,
oloughlin@openmarket.com or Investor: Annmarie Russell, 781-359-7589,
russell@openmarket.com both of Open Market Inc./
/Company News On-Call: prnewswire.com
or fax,
800-758-5804, ext. 112653/
/Web site: www.openmarket.com/
(OMKT)
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