Business Week: Cybersource Corp. to Go Public.NEW YORK--(BUSINESS WIRE)--March 25, 1999--Cybersource, Corp., a San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. (Calif.) provider of back end E-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. services -- such as order-taking, credit-card clearing, and fraud screening -- will try to raise $30 million to $60 million in a public offering it may file for within a month, reports Business Week Online, citing sources familiar with the company's plans. After starting up in 1994 as a sister company to online software retailer Software.net (now Beyond.Com), closely-held adj. 1. owned by a relatively few shareholders; - of business organizations; as, a closely-held corporation s>. Adj. 1. closely-held - owned by a relatively few shareholders; "a closely-held corporation" Cybersource now serves more than 400 customers, for whom it processed more than 8 million online transactions in 1998, worth some $200 million. Its clients include Broadcast.com, Egghead.com, Inutit, and Playboy Playboy monthly magazine renowned for nude photographs. [Am. Pop. Cult.: Misc.] See : Eroticism . |
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