Jer...
Just got my OMKT fill @ 16 11/16....charts don't lie!<g>
Open Market and OpenSite Technologies Announce Strategic Partnership
Companies to Provide End to End Commerce Functionality for Auction Sites
BURLINGTON, Mass., April 14 /PRNewswire/ -- Open Market, Inc. (Nasdaq: OMKT), a leading provider of Internet commerce and information publishing software, and OpenSite Technologies Inc., a leader in online auction software, today announced a strategic technology and marketing partnership to provide full commerce functionality to the growing Web auction market.
Under the terms of the initial agreement, Open Market will resell OpenSite Auction software, which automates the process of setting up, running, and maintaining real-time auctions over the Internet, to its enterprise customers and Commerce Service Providers (CSPs). Enterprise customers will be able to host their own auctions. CSPs will be able to offer merchants a complete auction gallery, allowing merchants to either participate in a personal online trading community, or run their own auctions.
In addition, OpenSite will integrate OpenSite Auction with Open Market's commerce technologies, and promote Open Market's commerce and publishing technologies to OpenSite's new and existing customers.
"OpenSite is expanding its reach to provide our leading auction technology to companies of all sizes," said Kip Frey, president and CEO, OpenSite Technologies. "By working with Open Market and tightly integrating our auction technology with their commerce products, we will be opening up a new distribution channel to include world-class enterprise companies and leading CSPs, jointly offering them a complete Internet commerce solution, including Web auctions."
"Open Market continues to partner with companies like OpenSite, to stay on the cutting edge of Internet commerce. These partnerships help us make our customers successful by offering the most important technology options for online businesses," said Gary Eichhorn, president and CEO, Open Market, Inc. "By integrating OpenSite's leading packaged auction technology with Open Market's Transact(TM), our customers will be able take advantage of one of the most exciting trends on the Internet to attract more customers and buyers to their sites."
Open Market's CSP and enterprise customers will also have the ability to participate in OpenSite's newly announced BidStream.com(TM), which provides central access to the largest network of branded, reputable Web auction sites. Data for BidStream.com is pulled from hundreds of OpenSite customer auction sites so that consumers can now go to the BidStream.com site and search multiple auctions at once.
More About OpenSite Technologies
OpenSite Technologies is the market leader in Internet auction technology, offering entrepreneurs and small, medium and large businesses a comprehensive solution for creating branded interactive Web auctions. Founded in February 1996, in Research Triangle Park, N.C., OpenSite Technologies currently has more than 50 market share of public Web auction sites.
More About Open Market
Founded in 1994, Open Market, Inc. (Nasdaq: OMKT) 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 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, 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. |
