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LinuxPR: IRI and Sumitomo Corporation Announce Investment in Miva Corporation

Oct 16, 2000, 20:13 (0 Talkback[s])

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"Miva Corporation today announced that Internet Research Institute, Inc. (IRI) and Sumitomo Corporation joined forces to make a multi-million dollar investment in Miva, a leading provider of open source e-commerce software. As part of the transaction, IRI and Sumitomo will use their collective marketing resources to assist with Miva's expansion into the Japanese market."

"Miva recently announced the opening of a Munich-based office to better service the growing market demands for e-commerce services in Western Europe."

"We are extremely pleased that IRI and Sumitomo have recognized the value of Miva's products," said Joe Austin, president and CEO, Miva Corporation. "Aided by this new capital, we will continue to expand our market reach for our browser-based storefront development and management system."

Press Release