RealTime IT News

InfoSpace.com Plans a Private Label Auction Solution

Redmond, WA-based InfoSpace.com, a provider of private label solutions, said it plans to launch a private label auction solution later this quarter.

The company said its integrated private label auction solution will give Internet users the ability to go to one place to post an item for sale and make it available on InfoSpace.com's auction, classifieds and shopping solution, ActiveShopper.

All postings also will be available across InfoSpace.com's affiliate network of more than 1,500 Web sites. The auction solution will enable portals and other Web sites to Offer person-to-person online auction communities while allowing them to increase Page views, generate additional revenue and acquire and retain members, the company said.

"This is the first integrated solution that captures all of the places a buyer and seller could meet to conduct a transaction and will help Web sites immediately build the most comprehensive trading community on their own sites," said Naveen Jain, chairman and CEO of InfoSpace.com.