Architext Acquires City.Net; Expands Excite with Local, Regional Information.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 20, 1995-- Architext Software Inc. today announced it has acquired City.Net. As a result of this acquisition, the Excite(tm) media navigation service will include both global and regional services for the Internet. "We have always believed that as the Internet continues to grow, local information will become increasingly important," said Joe Kraus Joe Kraus is the founder of Excite, JotSpot, and DigitalConsumer.org, along with his long-time business partner Graham Spencer. A long time entrepreneur, Joe has been involved with early-stage technology development and starting companies for more than twelve years. , president of Architext. "Excite already provides Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f with comprehensive national and global media navigation services, including concept-based searching, professionally-written reviews and other editorial content. The addition of City.Net makes Excite unique because it will be able to provide the same quality of information and service at the regional and local level." City.Net, based in Portland, OR, is the most popular local and regional resource on the Internet. It has been providing local and regional information about restaurants, civic and cultural events, entertainment, business, government and travel since its founding in 1994. Over the past three months, it has been servicing about three million requests per month. City.Net, Kraus said, already provides local businesses and advertisers with Internet access See how to access the Internet. to more easily identified local markets and provides users with easy access to local information. "We will strengthen this capability by adding Excite's technology which connects people with content providers and assures that content providers reach their target markets," Kraus said. "In a relatively short period of time, Excite will be able to provide useful information about such varied information as the location of the best shopping or restaurants in Portland, Oregon, or the cost of a lobster lobster, marine crustacean with five pairs of jointed legs, the first bearing large pincerlike claws of unequal size adapted to crushing the shells of its prey. dinner in Portland, Maine Portland is the largest city in the U.S. state of Maine, with a 2004 population of 63,882. Portland is Maine's cultural, social and economic capital. Tourists are drawn to Portland's historic Old Port district along Portland Harbor, which is at the mouth of the Fore River and part ." Krause said next summer's Olympics in Atlanta is an example of how Excite users will be able to use the new local and regional part of the service. Individuals planning to attend the Olympics can develop their itineraries well in advance by accessing Excite for information about lodging Lodging or holiday accommodation is a type of accommodation. People who travel and stay away from home for more than a day need lodging mainly for sleeping. Other purposes are safety, shelter from cold and rain, having a place to store luggage and being able to take a , restaurants, transportation and tourist sites in the Atlanta area and plan side trips to other nearby locales. Kraus said the acquisition of City.Net means Excite will become the seventh-most linked-to site on the Internet, based on Architext and industry estimates. Excite is available on the Net at http://www.excite.com. and contains a separate tab for City.Net. City.Net was founded in May, 1994, by Kevin Altis, originally as a local, up-to-date guide to businesses, entertainment and government in the Portland area. It has expanded to include information about cities and regions throughout the world. Excite media navigation service was launched on the Internet in early October of this year and features more than 40,000 professionally-written reviews of web sites as well as technology permitting search by topic or concept rather than by specific word only. Recently, Excite is averaging 600,000-700,000 hits per day. Excite is complemented by "excite for web servers," which adds media navigation capabilities to local web sites. Based in Mountain View, CA., Architext Software, Inc., is the first company to offer a next generation media navigation service. Architext was founded in 1993 and is funded by a combination of corporate investment and venture capital. Investors include Kleiner Perkins Caufield & Byers, Institutional Venture Partners, Charles Rivers Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Ventures, and International Data Group. CONTACT: Roeder-Johnson Corp., San Carlos San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. Abigail Johnson Abigail Johnson (born January 7, 1962) is an American financial businesswoman. She runs part of Fidelity Investments under the auspices of her father Edward Johnson. In March 2007, her net worth was estimated at $13 billion - she is at the 42nd position in Forbes or Mike Brogan Mike Brogan is the pseudonym of the author of six novels published in 1977 in the UK by Corgi featuring Action Man and his American friend GI Joe. Titles
abigail@roederj.com or mike@roederj.com |
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