SEATTLE, WA - April 3, 2000 - /digiMine.com/
digiMine.com
Founded to Offer Next Generation eCommerce Analytics and Personalization
Solutions
- digiMine.com this week
announced its intent to deliver high-impact analytics solutions focused on the
growing needs of eCommerce companies. The company also announced the closing of
its first round of funding with investments from several notable executives and
top Internet technology angel investment funds.
"We are excited by the vision and focus of the company and
founding team," states Pete Higgins of Second Avenue Partners, former group
VP at Microsoft and key advisor to digiMine. "Ironically, as transaction
levels in eCommerce explode, companies know less and less about their customers.
The digiMine team has the experience and know-how to harness the power of that
data and usher in a new generation of data-enabled marketing and business
intelligence applications." In addition to Second Avenue and notable
individual angel investors, other investment funds in this round include Silicon
Valley Angels, Deutsche Bank Technology Fund, Cedar Grove Investments and
Kellett Investments, among others.
The company aims to be the first to deliver on the promise of making
advanced database and marketing applications a practical reality for today's
eCommerce companies. A key part of digiMine's strategy is to manage and host
data warehousing and data mining applications and provide them as services to
its business-to-business (B-to-B) eCommerce customers. As an Application Service
Provider (ASP), digiMine will deal with the complexity of these systems and let
its customers focus on their primary business goals.
"It's no secret that data warehousing and data mining
applications have been really difficult and expensive to build and manage,"
says digiMine co-founder and CEO Usama Fayyad, world-renowned leader and pioneer
in data mining. "We're out to change that. We're making it easier, faster
and better, and we'll remove the burden from the customer by delivering
solutions with a model that keeps it affordable and convenient." Fayyad
formerly headed the Data Mining & Exploration (DMX) group at Microsoft and
led development efforts to embed data mining in upcoming releases of SQL Server
2000 and Commerce Server 4.0.
Using data to understand customer behavior and manage customer
relationships and marketing campaigns is an imperative for eCommerce companies.
It is key to more meaningful customer interactions and ultimately to building
customer loyalty. Investors appreciate the value proposition that digiMine is
delivering on. "The days of data mining as a black art are over. digiMine's
unique model unlocks enormous value trapped in eCommerce websites and turns data
mining from a PhD construction project into a simple service for everyone,"
states Sam Jadallah, a founding angel investor and managing director of Internet
Capital Group. "The combination of digiMine's solution and experienced
management team make this a winner."
The need has never been greater. Web-based businesses are deluged with
click-stream, user profile, product catalog, and transaction information.
There's little question the data is extremely valuable, yet few are taking
advantage of it. "It's clear from all the eCommerce companies we've talked
to that they are frustrated by the complexity of the problem," says Bassel
Ojjeh, digiMine co-founder and COO. "Even customers with expensive
custom-built data warehousing and mining programs are having a hard time
utilizing these systems. They're too wrapped up in keeping the trains running
and the web servers alive." Ojjeh formerly oversaw the development of
Microsoft Commerce Server 4.0 and built some of the earliest web data warehouses
for MSN's Internet properties.
"Users average about 20 seconds on a site visit; if they do not
find what they want they are gone, perhaps never to return," says Nick
Besbeas, digiMine executive VP of Sales & Marketing and 15 year veteran of
the database marketing industry. "The question that many eCommerce sites
are asking is 'how do I engage the would-be customer?' The answer to this and
other questions lies buried in the mountains of data generated by the site."
Besbeas drove the direct and web marketing analysis and tracking systems for MSN
Internet properties and most recently led marketing research and campaign
intelligence for desktop and server applications in the Applications Division at
Microsoft.
SAN
FRANCISCO, CA - April 4, 2000 /INB/
List-Universe.com
Launches Email Newsletter Ad Network: Opt-Influence.com
-
List-Universe.com the Email List Owner
and Ezine Publisher Resource Network, announced today the launch of the
Opt-Influence.com Email Advertising Network. The new site replaces the
List-Universe.com Ad Network, and becomes one of the largest email ad networks
of its kind, with nearly 500 email publications consisting of more than 14
million members.
With email advertising quickly becoming one of the most effective
means of customer acquisition and sales generation, Opt-Influence.com
specializes in reaching content-based targeted audiences through email
newsletter advertising. Opt-Influence.com offers more than 15 targeted
categories reaching millions of Internet users every day.
Opt-Influence.com aggregates email publications in non-exclusive
representation that can add additional ad sales revenue for email publishers,
while providing an easy and cost-effective way for advertisers to market via
email newsletters, without having to contact hundreds of individual email
publishers.
LOS ANGELES, Spring Internet World 2000, Booth #5850, April 3 /PRNewswire/
GoShip.com
Launches Service That Empowers Online Buyers to Choose Parcel Shipping Method
and Allows Merchants to Cut Losses
- With the launch today of
GoShip parcel shipping rate calculation
services, Internet merchants and their customers are in line for the first
real-time display of comparative carrier delivery options for selection during
an online transaction. GoShip.com, which brings to the Internet more
experience in parcel shipping than any other application service provider (ASP),
is laying a cornerstone of a new e-commerce logistics model that gives merchants
"end-to-end" visibility and control over fulfillment of customer
orders. As an ASP, the company enables merchants to outsource maintenance of a
comprehensive and up-to-the-minute database of carrier services and rates.
The
service is expected to have a major impact on both customer satisfaction and
merchant profitability, according to GoShip.com CEO Neal Anstadt. "Customers
have little patience with merchants that add on shipping charges after a
transaction is believed to be complete," he said. "The alternative to
merchants is to absorb all or part of shipping costs or charge a flat rate to
all destinations, and that practice is increasingly cited as a contributor to
financial losses."
Using GoShip, an online customer will complete
a purchase and then view a matrix of carrier services, including delivery times
and costs for selection via a pop-up window or streaming display. After the
selection is made, the shipping cost is added to the merchandise total for
customer acceptance. For eMerchants, GoShip delivers a robust range of
opportunities for competitive marketing and business management. The service
provides a template of carrier services for each merchant to customize and zip
code calculation for each product selected from a central or regional warehouse.
Merchants may mark up or down actual shipping costs according to numerous
criteria. An optional service plan enables merchants to offer their customers
prioritized shipping choices on a line-item basis. Thus, a single order may be
divided into urgent and routine delivery requirements, with all the calculations
performed instantly by the system.
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digiMine.com
Founded to Offer Next Generation eCommerce Analytics and Personalization
Solutions
List-Universe.com Launches Email Newsletter Ad Network:
Opt-Influence.com
GoShip.com Launches Service That Empowers Online
Buyers to Choose Parcel Shipping Method and Allows Merchants to Cut Losses
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