ShopNow.com Takes Stake in Galleon
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E-commerce company ShopNow.com Inc. signed an agreement to acquire an undisclosed equity stake in e-commerce company Galleon Distributed Technologies Inc., a provider of order and transaction processing technologies and services.
ShopNow.com Chairman and CEO Dwayne Walker will join the board of directors of Galleon.
As part of the agreement, Galleon will use ShopNow's eBusiness Solutions Group to provide payment-processing services to Galleon's business-to-business and business-to-consumer customers using ShopNow's CommerceTrust payment processing and fraud prevention platform.
The combination of Galleon and ShopNow.com's payment processing services is expected to generate thousands of incremental transactions and additional revenue to ShopNow.com, the company said.
Galleon is a Java-based order management solution capable of integrating widely distributed processes as a cohesive system. Galleon features a fully distributed, object-oriented architecture, a customer-centric database environment, and extensive business transaction processing logic.
Galleon's Commercial Transaction Framework (CTF) supports multi-threaded, distributed transaction processing via TCP/IP, allowing Galleon to handle traffic spikes characteristic of the Internet and high volume business-to-business and business-to-consumer online orders.
ShopNow.com offers business-to-business and business-to-consumer e-commerce services to businesses and operates an e-commerce network known as the ShopNow Network, offering access to more than 40,000 businesses and over 6 million shoppers.