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.
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