c2o Lands $30M Contract to Develop Hachette Filipacchi Sites
Page 1 of 1
Looking to incorporate e-commerce functionality into the online editions of its fashion, automotive and entertainment magazines, Hachette Filipacchi New Media (HFNM) awarded a five-year, $30 million dollar Internet services contract to EDS' Internet business, c2o.
Under the agreement, c2o will deliver online marketing consulting, creative architecture and design, technology implementation and media planning services to develop and manage e-commerce Web sites for HFNM's 30 consumer brands.
Currently, c2o is consulting on the development of HFNM publications including Road & Track, Home, Premiere, Travel Holiday, Eating Well, ELLE, Car and Driver and its special section Car and Driver 10 Best Cars.
The two companies will work together to plan and develop partnership programs under which consumer product companies can advertise and sell their merchandise on the newly-created sites.
Under the agreement, c2o will co-invest and share in the revenues generated by the HFNM e-commerce sites.
"It's pretty rare to find a technology partner with the vision to present original ideas for doing business on the Web," said Jim Docherty, president of Hachette Filipacchi New Media. "Our relationship with EDS' c2o group has evolved in the last year to become a long-term business relationship. From the beginning, both companies had a vision to capitalize on Hachette's leadership in content syndication to develop the next generation of e-commerce magazine sites."