Magazine article Information Today

Lycos Aligns with Open Market to Expand the Electronic Marketplace

Magazine article Information Today

Lycos Aligns with Open Market to Expand the Electronic Marketplace

Article excerpt

Open Market, Inc. and Lycos, Inc. have announced that they have entered into a revenue-sharing agreement to integrate the power of Open Market's software solutions into Lycos' e-commerce infrastructure. The agreement calls for installation of Open Market's Transact software to power Lycos' electronic marketplace, and distribution of Open Market's ShopSite store-building software to enable the development of a seamlessly integrated community of retailers and suppliers.

"The features that have made Open Market's Transact the undisputed software-of-choice for serious e-commerce applications and ShopSite the most popular storefront creation software package will deliver a platform that offers the ultimate in convenience and efficiency for both the shopper and the vendor," said Jeff Bennett, Lycos vice president of e-commerce.

Transact will provide Lycos a complete set of end-to-end commerce services including online customer authentication and authorization, online order and payment processing, automated tax and shipping calculations, online order tracking and status, and online customer service. Businesses of all sizes will be able to easily establish storefronts of their own on the Lycos Network using Open Market's ShopSite, according to the announcement. …

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