Terra Lycos Picks Portal Software
The Spanish Internet giant (with U.S. HQ in Waltham, Mass.) chooses the Cupertino, Calif., firm to handle billing for new paid content and services.Terra Lycos
has chosen Portal Software to handle billing for a slew of new paid content and services
Financial terms of the deal between the Spanish Internet network (with U.S. headquarters in Waltham, Mass.) and the Cupertino, Calif., developer were not disclosed.
"Portal's (flagship product) will play an important role in the continued deployment of subscription-based services," said Vince Russo, Terra Lycos' chief architect. "Portal helps us to respond quickly to customer demand with appropriate pricing plans."
In addition to subscriptions, other purchase options that will be handeled by Portal include pay-per-view, metered use, pre-paid contracts, as well as shopping cart systems.
Terra Lycos, which operates a network of search, e-commerce, and information sites, has introduced paid services to offset the year-long slump in advertising revenue. Its paid offerings include Tripod, Angelfire, MatchMaker and Lycos InSite.
"Terra Lycos's selection of Portal is another proof point of the flexibility and rapid implementation of the Infranet platform -- crucial requirements for companies as they evolve their businesses in this highly competitive marketplace," said Steve Sommer, a Portal vice president.
The deal adds to a Portal customer list that already boasts many large media and telecom concerns including AOL Time Warner, Reuters,Sprint and France Telecom.
Portal is privately held. Shares of TRLY gained 0.18, or 2 percent in morning trading. In the last 52 weeks, the issue has ranged from 4.5 to 10.9375.