The deal calls for e-centives to be integrated into the Excite portal, including placement on the
homepage, in member services, in the online shopping pages.
At a time when online rewards programs are becoming a must-have feature,
this agreement adds that functionality to Excite. The deal also gives
Excite the ability to offer its advertisers these promotional opportunities.
“Our investment in e-centives is a direct result of their advanced
e-commerce and promotions technologies,” says Mark Stevens, executive vice
president, corporate and business development, [email protected]
“In addition to the clear benefits for Excite’s consumer members, our
advertisers and merchant partners can now look to e-centives as a trigger
for increased and more effective e-commerce success.”
The investment round, which brings the total venture funding for e-centives
to $50 million, was led by the Seligman Technology Group and joined by
[email protected], Moore Capital, and MacAndrews & Forbes Group. The specific
amount contributed in this round, and [email protected]’s part of that, were not