Verizon Information Services and InfoSpace Announce Five-Year Strategic Alliance
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PONTE VEDRA BEACH, Fla. - Verizon Information Services, the world's largest directory publisher and creator of Verizon SuperPages.comsm service, today announced a strategic five-year relationship with InfoSpace, Inc. (Nasdaq: INSP), a leading global provider of cross-platform infrastructure services on wireless, broadband and narrowband platforms.
As a result of this alliance, SuperPages.com's Yellow Pages and other merchant services will be integrated into InfoSpace's leading technology platform and distributed across its broad Web affiliate network, greatly increasing the exposure and value to Verizon customers. In addition, InfoSpace will begin offering SuperPages.com products, bringing additional value to millions of merchants nationwide and allowing its business partners to further maximize their online presence, promote their business and enable electronic commerce.
"Today's announcement represents a dramatic shift in the online services industry by bringing together the unique strengths of two market leaders," said Patrick Marshall, group vice president - marketing for Verizon Information Services. "By working with InfoSpace, we are able to develop a new sales channel and reach millions of potential customers and Internet users."
"We are focused on providing the best underlying technology platform for merchants, and today's announced partnership with Verizon is a testament to those efforts," said Naveen Jain, chairman and CEO of InfoSpace, Inc. "Under this relationship, Verizon and InfoSpace will help to create the most comprehensive offering for merchants in the market today."
Verizon made the announcement today at Simba Information's Inside the Yellow Pages Conference, where Marshall delivered the keynote address.
SuperPages.com is scheduled to go live on InfoSpace and its affiliates in July.
About InfoSpace, Inc.
InfoSpace is a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms. The Company provides commerce, information, and communication infrastructure services to wireless devices, merchants and Web sites.
InfoSpace's partners encompass a global network of wireless, PC, and non-PC devices, including cellular phones, pagers, screen telephones, television set-top boxes, online kiosks and personal digital assistants. InfoSpace has relationships with Verizon Wireless, AT&T Wireless, Cingular Wireless, Intel, Virgin Mobile, Hasbro, National Discount Brokers and Bloomberg, among others. InfoSpace's affiliate network also consists of more than 3,200 Web sites that include AOL, Microsoft, NBCi, Lycos and ABC LocalNet. InfoSpace is also positioned to tap the market for broadband wired (DSL and cable) and broadband wireless (2.5G and 3G) services, such as interactive gaming, television and other entertainment services.
In addition, the Company recently added back-end payment processing to InfoSpace's existing commerce services, allowing InfoSpace to offer everything a merchant needs to conduct the entire lifecycle of a transaction, one of the key drivers of mobile commerce adoption.
About Verizon Information Services and SuperPages.com
Verizon Information Services is a world leading print and online directory publisher and a content provider for communications products and services. The largest directory publisher in the world, Verizon has annual revenues of more than $4.1 billion and employs more than 11,000 people.
Verizon Information Services also produces and markets SuperPages.com, the Internet's preeminent online directory and shopping resource. SuperPages.com has received up to 7.7 million visits and 3.4 million unique visitors per month, and is the Yellow Pages provider on Excite, Lycos, Ask Jeeves, AOL Service, AOL.com, Digital City, HotBot, and BigFoot.
Based in the Dallas area, Verizon Information Services is a unit of Verizon Communications Inc. (NYSE:VZ), which was formed by the merger of Bell Atlantic and GTE. Verizon is one of the world's leading providers of communications services. For more information on Verizon, visit www.verizon.com.
This release contains forward-looking statements relating to the development of the company's products and services and future operating results, including statements regarding the Company's strategic alliance with Verizon Information Services and SuperPages.com, that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include growth rates within the Company's respective business areas, the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's Annual Report on Form 10-K, in the section entitled "Factors Affecting InfoSpace's Operating Results, Business Prospects and Market Price of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Heidi Jaquish, Verizon ,