Business Editors/High-Tech Writers
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Sept. 27, 1999--
brightinfo.com, a leader in merchandising and personalization for the
eMarketplace, and Net Perceptions(R), Inc. (Nasdaq:NETP) the leading
supplier of real-time personalization solutions, today announced a
partnership agreement that combines Net Perceptions' Recommendation
solutions with brightinfo.com's vMerchant merchandising application.
This partnership produces the most powerful, automated
merchandising and personalization solution available for productive
ecommerce sites.
"Net Perceptions' understanding of the personalization
marketplace, combined with brightinfo.com's powerful merchandising
application enables eMarketers to deliver productive merchandising
campaigns that are more optimally matched to the web visitor," says
Cheryl Traverse, brightinfo.com's president and CEO. "The combined
products offer true 'one-to-one' automated merchandising."
"Together with brightinfo.com, Net Perceptions will provide
eMarketers with the tools to improve their merchandising campaigns,
resulting in a more lucrative overall business," says Steven Snyder,
president and CEO of Net Perceptions. "We believe that this
combination will dramatically improve the success of web-based
merchandising."
The vMerchant application delivers breakthrough browser-based
technology for creating, managing and measuring merchandising and
personalization campaigns, in real time. Easy to integrate, implement
and use, vMerchant requires no programming knowledge, yet is robust
and feature-rich. vMerchant provides a point-and-click solution that
places direct control in the hands of eMarketers.
Net Perceptions interacts with customers on a one-to-one
real-time basis, automatically learning more about their individual
wants, needs and interests. The software works by predicting an
individual's preferences and makes specific content/product
recommendations accordingly. It "learns" about each individual's
preferences through observing real-time behavior, such as
click-throughs, recalling past behavior, and asking the individual to
rate a number of relevant items. Then it pools this info with
information gained from everyone else that shares similar interests
and tastes. The engine draws upon this knowledge to predict what a new
customer may want to see.
brightinfo.com's vMerchant application offers a front end
distribution mechanism for Net Perceptions recommendations. Using
these integrated products, eMarketers can automatically include
personalized recommendations in their campaigns, resulting in a
real-time, customized online selling process that will increase
customer acquisition rates and the overall value of the customer.
About brightinfo.com
Brightinfo.com provides solutions that power the eMarketplace.
The company's first product, vMerchant, is a web-based application
that helps eMarketers attract and retain today's diverse range of
customers through eMerchandising management -- a closed loop cycle of
creating online branding and merchandising campaigns for products,
content and services; personalizing each visitor's experience; and
measuring results.
brightinfo.com, Inc., is located in Mountain View, and on the
Internet at www.brightinfo.com.
About Net Perceptions
Net Perceptions is the leading supplier of realtime
personalization solutions that enable businesses to market to
customers on a true one-to-one basis across multiple touch points. Net
Perceptions' solutions increase new and repeat business on the web and
in call centers by learning more about each customer's individual
needs, tastes and preferences with every interaction, then making
increasingly personalized product and service recommendations.
Net Perceptions, based in Minneapolis, is a publicly held company
(Nasdaq:NETP) which operates additional offices in New York, San
Francisco, and England and a joint venture office in Japan. Customers
include many of the world's best known brands including: Art.com;
Bertelsmann; Billboard TalentNet; CDnow; E!Online, Micron, SkyMall,
Tower Records and Ticketmaster Online. For more information about Net
Perceptions products visit http://www.netperceptions.com or call
800/466-0711.
Note to Editors: brightinfo.com and vMerchant are trademarks of
brightinfo.com. Net Perceptions is a trademark of Net Perceptions.
All other marks are the property of their respective owners.
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 U.S. Securities and Exchange Commission.