StoreRunner Secures $13M Investment from Compaq

Compaq Computer Corp. invested $13 million
in e-commerce infrastructure company StoreRunner Inc., and existing
shareholders invested an additional $5 million.

Compaq also said it will work with StoreRunner to deliver integrated
solutions ranging from ISP service to real-time inventory control systems to
retailers both large and small.

The StoreRunner Network has distribution agreements with ISPs, portals and
other Web sites operations, including GTE SuperPages, Juno, Free Lotto and
DoubleClick’s network of sites and claims a reach of 35 million Internet
users.

“Selecting a platform and services partner is essential to scaling the
Internet’s most comprehensive shopping infrastructure,” said Dale Sundby,
chairman and chief executive officer of StoreRunner. “The Compaq partnership will turbo-charge
our efforts to place the StoreRunner Network at the fingertips of all Web
users.”

Compaq joins other investors in the company that include CBS, Polaris Venture
Partners, TMCT Ventures and Philip Anschutz.

“Compaq developed a strategic relationship with StoreRunner because we
believe they are an important player in the ‘new economy’,” said Mary
McDowell, vice president and general manager of the Industry Standard Server
Group at Compaq.

News Around the Web