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Technology Stocks : Open Market (OMKT) -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (587)	9/1/1998 10:01:00 AM
From: Ben Wong	Read Replies (2) \| Respond to of 2004

Open Market Ranks 1st in Worldwide Market Share for Internet Commerce Software PR Newswire - August 31, 1998 08:14 BURLINGTON, Mass., Aug. 31 /PRNewswire/ -- For the second consecutive year, Open Market, Inc. (Nasdaq: OMKT), a leading provider of Internet commerce and information publishing software, is the number-one market share leader for Internet commerce software. According to Dataquest's 1997 Digital Commerce Software and Services Market Share report, Open Market is listed with thirty percent market share. This figure is three times that of the nearest competitor and more than the next five competitors combined. Open Market's president and CEO, Gary Eichhorn, asserted, "This ranking further validates Open Market's leadership role in the Internet commerce industry. As one of the first software companies focused exclusively on Internet commerce, we've worked with Internet innovators to develop products which address the needs of every company desiring to establish a business on the Web. Open Market's blue-chip customer base is evidence of the type of adoption that is taking place around the globe. It is clear that companies who are serious about moving their businesses to the Internet have named Open Market the proven leader." Open Market has successfully penetrated several key markets by providing solutions to all of the top 10 commercial publishers, 11 of the world's top 14 national telephone companies, and six of the top 15 Internet domains referenced in the March 21, 1998 issue of The Economist. "As a premier platform for Open Market's Transact software, Sun congratulates Open Market on its leadership position reflected in the Dataquest numbers," said Doug Kaewert, vice president of market development, Sun Microsystems, Inc. "Together, Sun and Open Market are providing customers with secure, reliable, and scalable Internet commerce solutions. We're very excited about the synergy of this relationship and the fact our customers are winning because of it." Many of Open Market's customers are using its solutions to uniquely take advantage of new business opportunities on the Internet. For example, Ingram Micro is using Transact(TM), Open Market's Internet commerce software, to develop commerce-enabling Web storefronts for its several thousand VARs. With Open Market's LiveCommerce(TM) catalog software, C&K Components is providing an interactive environment to enable engineers to very quickly "Build-A- Switch" by providing specifications, drawings, and technical information over the Internet that before would have required a phone call and a fax. For Standard & Poor's, Transact enables its S&P Personal Wealth site to give individual investors up-to-the-minute market intelligence and analysis as well as long-term ongoing solutions. In addition to supporting the requirements of large enterprises, Open Market enables thousands of small and medium-sized businesses to engage in Internet commerce through its worldwide channel of Commerce Service Providers. Transact serves as the commerce back-bone to more than 40 of the world's leading telecommunications providers, ISPs, and banks, including AT&T, Barclays Bank, Belgacom, Bell Emergis, Cable & Wireless, France Telecom, NaviSite, NTT, SBC Communications, SwissCom, and Telstra. To date, more than 2,600 businesses are outsourcing Internet commerce to service providers relying on Open Market's solutions.