OMKT & CSCO teams up
News Alert from PR Newswire via Quote.com
Topic: (NASDAQ:OMKT) Open Market,
Quote.com News Item #9886282
Headline: Cisco Teams With Open Market To Bring Internet Commerce and
High-Powered Network Solutions To Growing Businesses
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BURLINGTON, Mass., April 26 /PRNewswire/ -- Open Market, Inc.
(NASDAQ:OMKT), a leading provider of Internet commerce and information
publishing software, today announced that the company is joining with Cisco
Systems, Inc. to bring Open Market's best-of-breed Internet commerce
application solutions to small- and medium-sized growing businesses through
Cisco's end-to-end intelligent Internet infrastructure.
Through the Cisco Hosted Application initiative, growing businesses will
have the opportunity to bypass the costly and frustrating process of building
the infrastructure for their online business, and charge forward with the most
powerful Internet commerce applications available. Growing businesses will
access applications through Application Service Providers that will host and
maintain these applications and deploy them remotely to customers through
Cisco's intelligent networking solutions. With this unparalleled technology
support in place, these growing companies can focus on making their business
successful.
"Open Market's Internet commerce products are an outstanding solution for
growing businesses that need to have access to the best-available Internet
commerce solutions on a low-cost, resource-conscious basis," said Eugene Lee,
vice president of small/medium business marketing for Cisco Systems. "Working
with Open Market gives Cisco the ability to offer not only Open Market's
leading software solutions, but the history and the industry expertise that
will help growing businesses thrive."
"The Internet is moving at a lightning pace, and many growing businesses
no longer have time to build their own Internet commerce infrastructure if
they want to be successful in this ultra-competitive environment," said Jeff
Bussgang, vice president of Marketing, Open Market, Inc. "By providing a
pipeline for these businesses to access the most powerful application,
networking and hardware solutions, Cisco is opening the doors for these
companies to enter the Internet marketplace. Linking to Open Market's
Internet commerce applications will give these companies access to best-of-
breed products that have been architected to answer the complete commerce
needs of companies of all sizes."
More about Open Market
Founded in 1994, Open Market, Inc. (NASDAQ:OMKT) is the market-share
leader in Internet commerce software with over 20,000 merchants worldwide
using the company's products. 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, ShopSite, LiveCommerce, and We ARE Internet
Commerce are trademarks or registered trademarks of Open Market, Inc. in the
United States and other countries.
SOURCE Open Market, Inc.
-0- 04/26/99
/CONTACT: Media: Katie O'Loughlin, 781-359-7366, oloughlin@openmarket.com
or Investor: Annmarie Russell, 781-359-7589, russell@openmarket.com both of
Open Market or Michael Hakkert of Cisco, 408-526-4794, mhakkert@cisco.com/
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 112653/
/Web site: openmarket.com |
