OMKT. . .Wednesday February 17, 8:31 am Eastern Time
Company Press Release
SOURCE: Open Market, Inc.
Open Market Announces Strategic Partnership With Cisco To Offer
Best-Of-Breed Internet Commerce Solution
BURLINGTON, Mass., Feb. 17 /PRNewswire/ -- Open Market, Inc. (Nasdaq:
OMKT - news), a leading provider of Internet commerce and information
publishing software, today announced that Cisco Systems, Inc. (Nasdaq:
CSCO - news), the worldwide leader in networking for the Internet, has
chosen Open Market as a strategic partner for Cisco's Internet Commerce
Solution. Cisco will be working closely with Open Market to provide
Internet commerce solutions to customers that require high-powered
networking products to support their Internet commerce application
infrastructure.
Cisco's Internet Commerce Solution (see Cisco press announcement dated
Feb.16) combines Cisco best practices, high performance applications,
consulting integration services, and an optimized network infrastructure
to help companies rapidly deploy online business transactions with
suppliers, partners, and other customers. This solution focuses on
satisfying the requirements of users in the business-to-business
Internet commerce marketplace.
''Cisco is very enthusiastic about the opportunity to work closely with
Open Market to provide high performance, enterprise-class Internet
commerce solutions to help our customers realize the tremendous
opportunities for using the Internet to improve customer satisfaction,
reduce operating costs, and increase revenues from both existing and new
customer segments,'' said Sue Bostrom, vice president of the Internet
Business Solutions Group at Cisco Systems. ''As our networking
technologies become increasingly application aware, Open Market is
working with us to drive the enhanced performance and functionality of
their applications as they become increasingly network aware by taking
advantage of Cisco technologies,'' she said.
''Open Market is pleased to be selected by Cisco as a best-in-breed
Internet commerce application provider for their Internet Commerce
Solution,'' said Gary Eichhorn, president and CEO, Open Market, Inc.
''The fact that Cisco has chosen to work with Internet commerce
application vendors, rather than tool providers, for this strategic
imperative is proof that the buy versus build debate is over. Packaged
applications are the only option for companies that want to get to the
Internet marketplace quickly and successfully.''
''Our partnership with Cisco will stand out as a top-notch solution for
enterprise companies and Internet service providers that need robust,
proven Internet commerce applications running on one of the most
powerful networking infrastructures available,'' Eichhorn continued.
Open Market will also be working to utilize Cisco's leading edge
networking technologies to enrich the performance of future releases of
Open Market's family of Internet commerce products including
Transact(TM), LiveCommerce(TM), and ShopSite(TM). Open Market is one of
three leading enterprise-class Internet commerce application vendors
chosen as strategic partners in delivering comprehensive Internet
commerce solutions to customers.
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 include many of the most popular domains on the Web,
including Lycos.com, AOL.com, Time Warner's Pathfinder.com, and
buydirect.com., major industrials such as Ingram Micro, Milacron, and
Acer, more than 700 publishers using Folio Products, including the top
10 commercial publishers, and 11 of 14 of the world's top 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, LiveCommere, ShopSite, and We ARE Internet
Commerce are trademarks or registered trademarks of Open Market, Inc. in
the United States and other countries. All other names are used for
identification purposes only and may be trademarks of their respective
owners.
SOURCE: Open Market, Inc. |
