To provide Commerce Planet with an arsenal or intellectual property tools to further increase their operational effectiveness.

Commerce Planet, a internet based media company, announces the acquisition of Interaccurate, a data center/colocation facility.

 
The company says that Interaccurate has been a developer for Commerce Planet's outsourced software needs. It's assisted with the creation of Commerce Planet's underlying technologies for www.MyOnlineChat.com, WebBuilder, DatIntel and other marketing and sales tools. This acquisition provides Commerce Planet with an arsenal or intellectual property tools to further increase their operational effectiveness.

The Interaccurate acquisition was completed on October 3, 2006. In addition to acquiring software intellectual property, the company will also take possession of the web hosting facility that currently processes Commerce Planet's online traffic, added the company.

"First by completing this acquisition we will see an immediate impact to our bottom line. Interaccurate was the provider for WebBuilder, the software product basis for our top performing product www.OnlineSupplier.com. This acquisition will eliminate the licensing and hosting fees previously paid to Interaccurate. Second, this acquisition dramatically supplements our programming capabilities and decreases our reliance on yet another third party service provider. Commerce Planet is well on its way to achieving complete operational independence. Finally, we expect to see new revenue streams develop by leveraging Commerce Planet's existing customer base with Interaccurate's software technologies and development capabilities," said President of Commerce Planet, Charlie Gugliuzza.