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Wigix becomes the third largest multi-product database on the web.

INTERNET BUSINESS NEWS-(C)1995-2009 M2 COMMUNICATIONS

Online product catalogue company Wigix has become the third largest multi-product database on the web, Wigix said on Thursday, quoting the latest Internet Retailers Top 500 Guide.

Wigix revealed it has surpassed Overstock.com and Walmart.com in number of SKUs in a multi-product database, but the company currently has 3.5m SKUs, sharply up from 400,000 from its public beta launch in June 2007.

Wigix is a catalogue of products, with information of who owns them and what they are worth by leveraging an innovative, open and highly scalable community driven process.

The company's database enables an easy search experience for any item and its associated meta-data and NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 stock-market-style liquidity.

Wigix is headquartered in California, with operations in China and is funded by venture capital firm Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. . The company was founded in 2007 by James Chong, a successful entrepreneur who also architected the online trading Online Trading

Making trades via the Internet.

Notes:
The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online.
 systems at Charles Schwab.

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Publication:Internet Business News
Date:Sep 3, 2009
Words:172
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