InfoSpace.com Develops New Classified Service on AOL
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Internet infrastructure company InfoSpace.com said it will collaborate with America Online to develop and offer ClassifiedPlus, a new service for AOL's classifieds users.
ClassifiedPlus is now available on AOL, AOL.com, Digital City and Netscape Netcenter, and soon on CompuServe 2000. This agreement expands the relationship between the two companies, under which InfoSpace.com currently provides AOL's white pages solution.
Financial specifics were not disclosed, but under the terms of the agreement, America Online will pay InfoSpace.com quarterly cash fees as well as a percentage of all advertising and transaction revenue generated from the classifieds technology.
The new classifieds solution enables AOL's users to purchase and post a classified ad on any of the AOL properties. In addition, InfoSpace.com's technology enables users to browse and search comprehensive categories and sub-categories of listings by location, bringing buyers and sellers closer together.