Open Market Lines Up More Licensees | Internet News

Open Market Lines Up More Licensees

Written By
Paul Nicholls
Paul Nicholls
Jul 28, 1998
1 minute read

E-commerce software provider Open Market, Inc. today announced that a number of blue-chip companies worldwide, including RealNetworks, recently licensed Open Market’s software.


Other new customers include PC manufacturer Acer America, Consumers Union, publisher of Consumer Reports magazine, and telecommunications firm SBC Communications.


Financial terms were not disclosed.


“Open Market’s growth has been distinguished by a number of new customers this past quarter, and we’ve maintained our lead in the Internet commerce application marketplace,” said Gary Eichhorn, president and CEO of Open Market. “Time and again, we’ve delivered proven packaged applications to the networked marketplace that gives our customers a competitive time-to-market advantage.”


Open Market (NASDAQ:OMKT) was up +23/32 to 16 3/32 in morning trading on today’s news.


The Burlington, MA-based company provides application software products and professional services for companies doing business online. Products include Transact, a transaction processing, order management, and customer service solution.


Last week the firm announced net revenues of $16.5 million for the second quarter ended June 30, 1998, along with a net loss of $16.0 million or $0.49 per share.


Internet News Logo

InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.