INTERNET.COM ACQUIRES LEADING ONLINE MARKETING RESOURCE, CHANNELSEVEN.COM
(New York, NY-March 30, 2000)-- internet.com (Nasdaq: INTM), the Internet Industry Portal, today announced that it has acquired the ChannelSeven.com (http://www.channelseven.com) Web site and related Internet marketing properties from Xceed Inc.(Nasdaq: XCED). Terms of the acquisition were not disclosed.
ChannelSeven.com provides original news, research, case studies, and commentary as well as insight into the top interactive firms worldwide and features popular industry sites including Ch7NewsBeat, Ch7AdInsight, Ch7Spotlight, TurboAds.com, Ad-Gallery.com, and Ad-Tech.com. ChannelSeven.com attracts over 100,000 Internet marketing executives per month--43% of its users are agency professionals and 31% are brand marketers. ChannelSeven.com's advertisers include many of the Internet's most successful brands including Intel (Nasdaq: INTC), [email protected] (Nasdaq: ATHM), Narrative Communications, Microsoft (Nasdaq: MSFT), TalkCity (Nasdaq: TCTY), Netscape and others.
"Xceed has enabled ChannelSeven.com to build a solid reputation throughout the industry and the world as a leading resource for news and analysis about the online marketing industry. ChannelSeven.com is an ideal fit with internet.com's other Internet marketing resources, including the Internet Advertising Report and AdResource.com. We now cover every angle within the e-marketing category," said Alan M. Meckler, chairman and CEO of internet.com. "Furthermore, ChannelSeven.com adds a critical audience to the internet.com network and we are now positioned to extend the marketing objectives of our advertisers and e-commerce partners even further."
Comments Werner Haase, Xceed's chief executive officer, "Xceed's ability to successfully conceive of and grow ChannelSeven.com as its own Internet venture reflects the company's expertise in building Web businesses from the inside out. It is also a reflection of our company's continued commitment to maintaining its leadership position and focusing on its core service offerings."
"The acquisition, combined with internet.com's existing e-marketing resources, solidifies its position as a leading provider of content and information serving the online advertising and marketing industries," says Mara Lipacis, senior vice president, Xceed's research and analysis division, Xceed Intelligence (Xi).
The media properties will be integrated into internet.com's Ecommerce/ Marketing Channel which is also home to other prominent Web sites including: Internet Advertising Report (http://www.internetnews.com/IAR/), AdResource.com (http://www.adresource.com), Cyberatlas (http://www.cyberatlas.com), Refer-it (http://www.refer-it.com), AllNetResearch (http://www.allnetresearch.com) Ecommerce-Guide (http://www.ecommerce-guide.com), Search Engine Watch (http://www.searchenginewatch.com) and DomainNotes.com (http://www.domainnotes.com).
About Xceed, Inc.
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