Netgateway, CBSI sign integrator partnership agreement

BANGALORE: Netgateway an e-commerce services provider and Complete Business

Solutions India Pvt. Ltd. have announced the signing of a "Systems

Integrator Partnership Agreement."

Under the terms of this agreement, Netgateway provides CBSI with access to

its innovative and customizable Internet Commerce Center (ICC) development

environment. With this first systems integrator partnership, Netgateway allows

CBSI to license access to the Netgateway ICC Platform to individual B2B

customers of CBSI.

Netgateway receives an up-front fee from CBSI for each CBSI customer. CBSI

provides the integration expertise and collects the integration revenue from

that customer. Both companies will share the recurring fees for hosting,

transactions and advertising. Netgateway's new partnership program enhances

Netgateways market reach, both in North America and internationally. "This

provides Netgateway with tremendous market reach and our association with CBSI

worldwide will ensure that the market will be able to leverage the local

presence of CBSI and its global delivery capabilities," says Netgateway

chief executive officer Roy Camblin.

CBSI is also planning an IPO shortly, to take care of its expansion plans,

but the company did not disclose any further details on the same. With regard to

details on the IPO, CBSI vice president K. Subrahmaniam said, "Things are

just in the planning stage and we are yet to decide on the kind of amount we are

planning to raise from the public, the date or the bankers. At this point of

time it is not possible for me to give you any details."