Tata Consultancy Services to Partner With InfoSpace to Offer InfoSpace's Services Platform to Wireless Carriers in India InfoSpace enters into relationship to provide wireless services in Asia with Tata Consultancy Services, sister company of Tata Cellular and Asia's largest system consulting company; Marks continued momentum of InfoSpace's entry into Asia on heels of deal with China Unicom
BELLEVUE, Wash. and MUMBAI, India, Sep 14, 2000 /PRNewswire via COMTEX/ -- InfoSpace (Nasdaq: INSP chart, msgs), a leading global provider of cross platform merchant and consumer infrastructure services, and Tata Consultancy Services (TCS), one of the world's largest software and IT services consultancies and part of the Tata Group of Companies, today announced that the two companies have entered into a relationship whereby TCS will offer InfoSpace's fully integrated platform of wireless Internet services to wireless carriers in India (including all of the wireless carriers within the Tata Group). This relationship builds on InfoSpace's existing agreements in the Asia Pacific region and spearheads the entry of InfoSpace's wireless service platform in the Asian market.
(Photo:http://www.newscom.com/cgi-bin/prnh/20000420/INFOLOGO)
"We are certain that the InfoSpace platform has potential to become the default platform upon which mobile Internet services are built in India," said S. Ramadorai, CEO of TCS. "By enabling carriers to roll out cutting edge services under their own brand, InfoSpace will help Indian wireless carriers create stronger ties to their customers and monetize their subscriber base in ways never before possible."
"InfoSpace's tightly integrated platform of wireless services is unique in its ability to run over any protocol and on any device and its flexibility enables carriers worldwide to roll out cutting edge data and transaction services under their own brand that turn each and every mobile device into a true transaction, unified communications and entertainment device," said Arun Sarin, CEO of InfoSpace. "We are committed to establishing the InfoSpace platform as the default platform upon which wireless data services are built throughout the leading markets of the Asia/Pacific region."
About InfoSpace
InfoSpace is a leading global Internet information infrastructure services company. InfoSpace provides commerce, information and communication infrastructure services to wireless devices, merchants and Web sites. InfoSpace's affiliates include a network of wireless and other non-PC devices including PCs, cellular phones, pagers, screen telephones, television set-top boxes, online kiosks, and personal digital assistants. These include relationships with AT&T Wireless, Intel, Ericsson, Nokia, Mitsui and Acer America. InfoSpace's affiliate network also consists of more 3,100 Web sites that include AOL, Microsoft, Disney's GO Network, NBC's Snap, Lycos, DoubleClick and ABC LocalNet, among others.
InfoSpace's recent announcement that they have entered into an agreement providing for the acquisition of Go2Net (Nasdaq: GNET chart, msgs) positions the company to tap the market for broadband wired (DSL and cable) and broadband wireless (2.5G and 3G) services such as interactive gaming, television and other entertainment services. In addition, the announcement brings full back end payment processing to InfoSpace's existing commerce services, allowing InfoSpace to offer everything a merchant needs to conduct the entire lifecycle of a transaction, one of the key drivers of mobile commerce adoption.
About TCS
TCS is a software technology consultancy company that provides information technology and strategy consulting services to organizations in over 50 countries across the globe. Named the fourth fastest growing consultancy firm in the U.S. and sixth fastest in the world, the $500 million company has over 4,500 employees and 32 offices in the United States and Canada. Its illustrious clients are the "who-is-who" of the banking and financial services, insurance, telecommunications, utilities, retail, government, aviation, healthcare and manufacturing industries. The big names include AIG, American Express, Best Buy, Boeing, Citibank, Compaq Corporation, Dell Computer Corporation, General Electric, Hewlett-Packard, IBM, Kellogg's, Lucent Technologies, Nike, Prudential, The State of Pennsylvania, Target Corporation, USAA and U.S. West.
This release contains forward-looking statements relating to the development of the Company's products and services and future operating results, including statements regarding the Company's agreement with Tata Consultancy Services, that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's Annual Report on Form 10-K, in the section entitled "Factors Affecting InfoSpace's Operating Results, Business Prospects and Market Price of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Source: InfoSpace
Contact:
Joni Hanson of InfoSpace, 425-201-6100, ext. 8655, or
8655jhanson@infospace.com
/Photo: newscom.com
AP Archive: photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
URL: infospace.com |
