Feeds

Compaq buys Zip2 for over $220 million

Deal will add localised services to AltaVista's national coverage

  • alert
  • submit to reddit

The essential guide to IT transformation

Compaq's Internet portal subsidiary, AltaVista, has bought Zip2, a developer of localised portal-building technology. Financial terms of the deal were not disclosed, but AltaVista CEO Rod Schrock told US wire Cnet that the company's cash purchase of the privately-held Zip2 had exceeded its $220 million takeover of Shopping.com. AltaVista will use Zip2's technology to provide localised information and connect users to online businesses in their area. The company claimed that local e-commerce accounts for 90 per cent of all Internet business transactions. "We plan to partner with local media companies and extend the Zip2 platform for the local merchants to sell products locally," said Schrock. Zip2 already has partnerships with numerous media companies throughout the US. Its Business Directory service lists over 16 million companies across the States. In addition to its own portal, Zip2 licenses its technology to local content providers. ® See also Pfeiffer to re-engineer Compaq as Internet company

5 things you didn’t know about cloud backup

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?