Open Market

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Open Market
Industry Ecommerce
Fate bankruptcy
Founded 1994
Defunct 2003

Open Market was an ecommerce software startup, founded in Cambridge, Massachusetts in early 1994. It went public in 1996 on the Nasdaq exchange under the symbol OMKT, as one of the first ecommerce IPOs.[1] It relocated to Burlington, Massachusetts in early 1998.

In 1999, Open Market acquired Future Tense, founded in 1995, to combine its ecommerce software with Future Tense's content management system.[2]

Open Market was later acquired by Divine in 2001 for about $59 million.[3] Divine later filed for bankruptcy in early 2003. In the same year, Soverain Software acquired Open Market's ecommerce assets, including the TRANSACT product.[4] FatWire Software acquired Open Market's content management business from the Divine bankruptcy. FatWire has extended the Open Market software and currently services Open Market's original content management customer base.

Products & Technology[edit]

Open Market developed a number of software products, including:

  • Open Market Web Server. This was one of the first commercially available Web (HTTP) servers, and the first commercial product with a highly scalable threading architecture. The Secure Web Server variant added support for Secure HTTP (S-HTTP) and SSL.
  • TRANSACT. Open Market's eCommerce product. Notable for the use of cryptography to support digital offers and digital receipts with useful properties for ecommerce applications.
  • OM Express. an early offline web browser.
  • OM Axcess. a centralized access management tool for websites.
  • Open Market e-Business Suite. the WCM Software acquired from FutureTense and greatly extended.

Open Market also invented FastCGI, a high-performance variant of the CGI interface. FastCGI was first implemented in Open Market's Web server products,[5] but versions have since been developed for many other Web servers.

References[edit]

  1. ^ C. Judge, Paul (November 1, 1999). "Where Is It Now? Open Market's Fall". Business Week. Retrieved 28 January 2013. 
  2. ^ Clark, Tim. "Open Market acquires Future Tense". CNET. Retrieved 28 January 2013. 
  3. ^ Cooper, Charles. "Perspective: Perspective: A Divine e-commerce "cashectomy"". CNET. Retrieved 28 January 2013. 
  4. ^ "Souverain – About Us". Souverain. Retrieved 28 January 2013. 
  5. ^ "FastCGI: A High-Performance Web Server Interface". Open Market, Inc. Retrieved 28 January 2013. 

External links[edit]