ShopNow.com Takes Stake in Galleon
ShopNow.com Chairman and CEO Dwayne Walker will join the board of directors of Galleon.
As part of the agreement, Galleon will use ShopNow's eBusiness Solutions Group to provide payment-processing services to Galleon's business-to-business and business-to-consumer customers using ShopNow's CommerceTrust payment processing and fraud prevention platform.
The combination of Galleon and ShopNow.com's payment processing services is expected to generate thousands of incremental transactions and additional revenue to ShopNow.com, the company said.
The ShopNow eBusiness Solutions Group and Galleon will collaborate to offer custom business-to-business and business-to-consumer solutions for other online businesses and merchants.
Galleon is a Java-based order management solution capable of integrating widely distributed processes as a cohesive system. Galleon features a fully distributed, object-oriented architecture, a customer-centric database environment, and extensive business transaction processing logic.
Galleon's Commercial Transaction Framework (CTF) supports multi-threaded, distributed transaction processing via TCP/IP, allowing Galleon to handle traffic spikes characteristic of the Internet and high volume business-to-business and business-to-consumer online orders.
ShopNow.com offers business-to-business and business-to-consumer e-commerce
services to businesses and operates an e-commerce network known as the ShopNow Network, offering access to more
than 40,000 businesses and over 6 million shoppers.
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