Electronic commerce solutions provider Open Market, Inc. today announced that Intel Corp. purchased about 330,000 restricted shares of Open Market common stock.
Open Market also said it agreed to provide Intel with its Transact e-commerce software product for Intel Pentium II-based servers running Windows NT and for Intel’s next-generation IA-64 processors.
In addition, Open Market revealed that both companies plan to develop Open
Market software for Intel Architecture servers and will jointly market
their efforts.
Other Open Market products such as LiveCommerce cataloging software and Folio information management software already run on Intel-based platforms.
“Today’s announcement means that the industry’s broadest suite of Internet
commerce applications will now be available on every key enterprise computing platform,” said Gary Eichhorn, president and CEO of Open Market.
“Working with Intel to port and optimize Transact on Intel Architecture servers
should provide significant price/performance benefits for our enterprise
customers and allow Open Market to enhance its position as a leading enterprise application software provider to the corporate
market.”
Burlington, MA-based Open Market’s Transact product, which was launched in 1995, serves as the commercial backbone for highly-trafficked sites such as
Time Warner’s Pathfinder.