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Open Market Granted Three E-Commerce Patents

Open Market, Inc. announced today it received three new patents covering the company's core technology used in its e-commerce software products.

The three patents issued by the U.S. Patent and Trademark Office include: The Payment Patent, which covers real-time, Internet credit-card payment transactions; The Network Sales Patent, which covers electronic shopping carts used in providing customers with a method for collecting goods for purchase on a Web site; and The Session Identifier Patent, which covers the means for companies to collect and analyze customer browsing behavior.

The patented technologies serve as the basis for Open Market's Transact 4 electronic payment-processing product, LiveCommerce Internet catalog creation software, and Folio information management solution.

"The granting of these patents is of significant importance to Open Market for three reasons," said Gary Eichhorn, president and CEO of Open Market.

"First, they improve our ability to defend our market position. Second, these patents will enhance our ability to sell the products which are based on them: Transact 4, LiveCommerce and Folio. Finally, we believe these patents provide substantial licensing opportunities."

Eichhorn stated that Open Market plans to "make the technology covered by these patents broadly available and to encourage the continued rapid evolution of commerce over the Web."



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