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OpenSite Technologies Delivers Auction 4.0

OpenSite Technologies said that its OpenSite Auction 4.0 is scheduled to ship Feb. 15.

The latest version addresses a wider variety of business needs, makes Web auctions easier and faster to implement, and includes many security enhancements, the company said. OpenSite Auction 4.0 is targeted to businesses that want their own branded, online auction.

"With 50 percent market share, OpenSite Auction is the ideal choice for customers wanting to develop an online auction presence, whether they want to supplement existing commerce activities or create a stand-alone e-commerce model," said Michael Brader-Araje, OpenSite CEO and founder. "Now with OpenSite Auction 4.0, we can solve more business problems than ever before."

Forrester Research predicts that business-to-business online auction transactions will exceed $52.6 billion by the year 2002, while Keenan Vision predicts that total online auction transactions will exceed $129 billion by 2002.

OpenSite Auction 4.0 is available in three editions--Corporate, Merchant and Professional. New features include:

  • Reverse Auctions--allowing organizations to procure the lowest possible price for vendor services using Invitations For Bid (IFB) or Requests for Proposals (RFP).

  • Private Auctions--letting auction administrators provide access to a particular category to some users but not to others via the Access Privileges feature. The administrator can now hold private auctions or "extranet" auctions for selected business partners.

  • Oracle Database Support--allowing customers running Windows NT server to select Oracle as the database engine for OpenSite Auction, providing increased data management capability and capacity, and the ability to use third party ad hoc query and reporting tools to manage and analyze auction data.

  • Enhanced Remote Installation (through CD-ROM)--letting the administrator remotely install OpenSite Auction across a local area network, or over a wide area network, such as the Internet.

  • Template Editor--making it easy to customize the Web page templates provided by OpenSite Auction and allowing administrators to edit and preview pages from within the software before bringing them online.

  • Style Editor--allowing administrators to create a custom look for their site by selecting a pre-designed template and then adding their own unique touches, such as colors, custom images, etc.

Other features include digital certificate security (through secure sockets layer/SSL), automatic database encryption and enhanced multi-level administrator authentication. Pricing data was not disclosed.