LG Soft India to work with Open Market on engineering activities

By : |July 8, 1999 0

Open Market, Inc., a leading Internet commerce software company based in Massachusetts,
USA, today announced the launch of its India Engineering Center in partnership with LG
Soft India. This is be Open Market’s largest engineering facility outside the United
States. Under Open Market’s supervision, the India Engineering Center is engaging in
product engineering, maintenance, internationalization & localization, and developer
support of Open Market products. This center is also catering to the support requirements
of Open Market customers worldwide.

Speaking on this occasion Lalit Ahuja, the President and Managing Director of LG Soft
said, "The formation of this engineering center is the direct result of our long
relationship with Open Market and proof of our commitment in assisting Open Market in
maintaining their market leader position in Internet Commerce."

Dr. Peter Woon, the Senior Vice President, Engineering of Open Market, Inc. added
"This India-based engineering center gives Open Market an opportunity to utilize the
wealth of talent available in India in developing and supporting our products. We are
pleased to be working with LGSI as we launch this center. LGSI’s commitment to helping
customers take advantage of all the benefits of Internet Commerce makes them an excellent
partner."

About the Open Market & LG Soft Engineering Center
This center is the culmination of LGSI’s and Open Market’s long standing business
relationship started in 1997. LGSI shares Open Market’s vision about the Internet age and
is a pioneer in development of Internet Commerce capabilities in India. LGSI engineers
have been assisting not only Open Market’s product engineering efforts, but also has been
implementing commerce-enabled solutions for customers worldwide using Open Market
technology.

The increasing interaction between LGSI and Open Market engineering teams are now enhanced
by this center, which gives both companies’ teams immediate and secure access to each
other. Engineers in the India-based center are also be able to take advantage of the time
difference between Open Market’s USA office and the Bangalore India Engineering Center by
sharing ongoing projects. At the end of each day, engineers working in India hand over the
work to their US-based counterparts and the cycle continues at the end of the US
engineer’s day, sending work back to India as well. This arrangement allows for the
optimum utilization of engineering time and resources. The separate, physically exclusive
facility also provides a secure environment for development of valuable intellectual
property.

About LG Soft India
A global IT Consulting and Services company, based in Bangalore, India and overseas. LG
Soft India Private Limited (http://www.lgsi.co.in) is a part of the US$ 80 billion LG
Group. LG is a diversified global corporation with regional headquarters in key locations
around the world and a home office in Seoul, Korea. A $80 billion conglomerate with highly
integrated corporation spanning six business fields, Chemicals & Energy, Electric
& Electronics, Machinery & Metals, Trade & Services, Finance, and Public
Services / Sports. LG aims to become one of the largest conglomerates in the world by
2005, with anticipated revenues of $385 billion.

About Open Market, Inc.
Founded in 1994, Open Market, Inc. (NASDAQ: OMKT) is the market-share leader in Internet
commerce software with more than 20,000 merchant licenses sold worldwide
and over 10,000 in production. Open Market’s high-performance application software
products and professional services allow its customers to engage in business-to-consumer
and business-to-business Internet commerce, information commerce, and commercial
publishing. Among Open Market’s distinguished roster of global customers are many of the
most popular domains on the Web, including Lycos.com, AOL.com, and the Wall Street Journal
Interactive Edition; major industrials such as Acer, Ingram Micro, Milacron, and
Siemens;
and 10 of the world’s top 13 national telephone companies. The company, headquartered in
Burlington, Massachusetts, U.S., has an international head office in the UK and offices in
Australia, Canada, France, Germany, Italy, Japan and The Netherlands. Open Market can be
reached at: http://www.openmarket.com.

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