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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 4, 1998
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OPEN MARKET, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-28436 04-3214536
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(Commission File Number) (IRS Employer Identification No.)
One Wayside Road, Burlington, Massachusetts 01803
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(Address of principal executive offices) (Zip Code)
(617) 949-7000
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Registrant's Telephone Number, Including Area Code
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
On June 4, 1998, Open Market, Inc. (the "Company") announced that Intel
Corporation had made an investment in the Company, purchasing approximately
330,000 restricted shares of Common Stock of the Company.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired.
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Not applicable.
(b) Pro Forma Financial Information.
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Not applicable.
(c) Exhibits
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Exhibit No. Description
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99 Press Release dated June 4, 1998
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: June 12, 1998 OPEN MARKET, INC.
(Registrant)
/s/ Regina O. Sommer
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By: Regina O. Sommer
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT NO. EXHIBIT
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99 Press Release dated June 4, 1998
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[LETTERHEAD OF OPEN MARKET, INC.]
FOR IMMEDIATE RELEASE
MEDIA CONTACT: Beth Winkowski INVESTOR CONTACT: Julie Lorigan
781.359.7411 781.359.7589
[email protected] [email protected]
OPEN MARKET RECEIVES INTEL INVESTMENT
COMPANIES PLAN TO WORK TOGETHER TO OPTIMIZE OPEN MARKET'S TRANSACT SOFTWARE TO
INTEL ARCHITECTURE
Burlington, MA - June 4, 1998 - Open Market, Inc. (NASDAQ:OMKT), a leading
provider of Internet commerce software, today announced that Intel has made an
investment in the company, purchasing approximately 330,000 restricted shares of
Open Market common stock. In addition, Open Market said that it will make its
industry-leading Internet commerce software, Transact, available on Intel
Pentium II-based servers running Windows NT and on Intel's next-generation IA-64
processors. The two companies plan to optimize Open Market software for Intel
Architecture servers and plan to collaborate on joint marketing activities.
Open Market's other products, including its LiveCommerce cataloging software and
Folio information management software, already run on Intel-based platforms.
"Today's announcement means that the industry's broadest suite of Internet
commerce applications will now be available on every key enterprise computing
platform," said Gary Eichhorn, president and CEO of Open Market. "Working with
Intel to port and optimize Transact on Intel Architecture servers should provide
significant price/performance benefits for our enterprise customers and allow
Open Market to enhance its position as a leading enterprise application software
provider to the corporate market."
"We believe that technologies such as Open Market's Transact running on Intel-
based servers will better enable corporations to build E-commerce applications
for the enterprise," said John Miner, vice president and general manager,
Enterprise Server Group, Intel. "Open Market's Transact is an excellent example
of the ability of the Intel architecture to deliver the high performance needed
by mission-critical enterprise applications."
(MORE)
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OPEN MARKET RECEIVES INTEL INVESTMENT 2-2-2-2
The two companies plan to work together on tuning, optimizing, and enhancing the
performance of Transact on Intel Architecture servers. Intel and Open Market
will work together on joint marketing activities as well.
MORE ABOUT OPEN MARKET'S TRANSACT
Open Market's Transact Internet commerce software is used in nearly 20 countries
worldwide. Transact, originally introduced in 1995, provides the commercial
backbone for some of the heaviest trafficked sites on the Web today, including
SegaSoft's Heat.net, BuyDirect.com, and Time Inc.'s Pathfinder, among others.
In its three years in the marketplace, Transact's depth and breadth of robust,
comprehensive functionality - including buyer authentication, payment, order
processing, tax and shipment cost calculation, fulfillment, buyer self-service,
customer service, reporting, profiling, and analysis - have already made it the
standard for Internet commerce. Open Market's Transact 4 ushers in a new
category of Internet commerce enterprise application software - offering the
industry's only packaged enterprise application software for business-critical
Internet operations.
ABOUT OPEN MARKET
Founded in 1994, Open Market, Inc. (NASDAQ: OMKT) provides high-performance
application software products and professional services that allow its customers
to engage in business-to-consumer and business-to-business Internet commerce,
information commerce, and commercial publishing. The company, headquartered in
Burlington, Massachusetts, can be reached by calling 1.888.OPEN.MKT or by
visiting http://www.openmarket.com.
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This news release contains forward-looking statements that involve a number of
risks and uncertainties. Among the important factors that could cause actual
results to differ materially from those indicated by such forward-looking
statements are the company's limited operating history, delays in product
development, development of the Internet market, changes in product pricing
policies, competitive pressures, and the risk factors detailed from time to time
in the company's periodic reports and registration statements filed with the
Securities and Exchange Commission.
Open Market, Transact, Folio, LiveCommerce and We ARE Internet Commerce are
trademarks or registered trademarks of Open Market, Inc. in the United States
and other countries. All other names are used for identification purposes only
and may be trademarks of their respective owners.
