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Woburn, MA and Pittsburgh, PA - July 6, 2005 - Demandware, Inc., the leader in on-demand ecommerce solutions, and Tachyon Solutions, Inc., a leading provider of custom technology solutions, today announced that they will team to help Goldspeed.com, the Internet's largest discount jeweler, provide an enhanced shopping experience for its customers. Under the terms of a newly-signed agreement, Goldspeed will leverage Demandware's eCommerce software and Tachyon's technology customization services to expand its online offerings and the functionality of its site. The agreement is part of Goldspeed's efforts to build on its early success and capitalize on the growing market for online jewelry sales, which is projected to grow to $3.5 billion this year alone.
"We've experienced a high-growth rate with our current site and, as a result, are looking to add new features and functionalities to take the site to the next level - something we can't do with our current ecommerce vendor," said Neil Kugelman, CEO, Goldspeed.com. "As a result, we needed to find a new platform that delivers the freedom and scale to accommodate our aggressive future growth plans. Demandware eCommerce has advanced merchandising capabilities that will enhance our ability to offer our customers a compelling shopping experience. And Tachyon has a unique ability to customize the software to meet our needs and seamlessly integrate it into our operations. With this combination, we can put control of our site back in our hands and optimize it on a daily basis to capitalize on trends and promotional opportunities."
Demandware eCommerce delivers a full featured and customizable platform, hosted and managed, along with a pay-as-you-go model. "We understand that retailers don't want to be at the mercy of their ecommerce vendors, so we provide our clients with the platform and tools that allow them to have total control over all aspects of their site - from user experience to functionality," said Stephan Schambach, president and CEO, Demandware. "This on-demand control allows merchandisers to apply data driven analysis, enabling more informed site merchandising decisions on a continuous basis."
With the help of Tachyon, Goldspeed will customize Demandware eCommerce to address its unique needs and site requirements. "The key to succeeding with online stores is to provide a highly personalized shopping experience and superior customer service, and Goldspeed has a proven track record of delivering both," said Marion Lewis, CEO, Tachyon Solutions. "Building on the robust features and functionality embedded in Demandware's software, we will provide a truly custom solution that enables Goldspeed.com to further strengthen its reputation for excellence by continually adapting its site to meet the needs of its growing business and customer base."
The enhanced Goldspeed site is expected to be launched next quarter, just in time for peak shopping season.
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Goldspeed.com, Inc. is the Internet's largest discount jeweler with more than 20,000 items ranging in price from $50 to $25,000. Its offerings include an extensive selection of fine diamond, platinum and gold jewelry and watches for both men and woman. Goldspeed.com, founded in 1998 has received top ratings from Yahoo! and BizRate and has been reported on in Newsweek.com, MSNBC.com, Women's Wear Daily and Internet Retailer magazine. For more information about Goldspeed.com, please visit www.goldspeed.com.
About Tachyon Solutions
Tachyon Solutions designs and develops custom technology solutions that help companies increase the quality and reduce the cost of their efforts to serve customers.Aunique combination of business expertise, technology and support services, Tachyon's solutions enable companies to reach customers and provide them with better service and support in real time. From Web design and development and e-commerce to portal and search solutions, Tachyon provides all of the tools necessary to build and manage world-class initiatives that enhance customer satisfaction and drive revenue. To learn more about our offerings, please visit our website at www.tachyonsolutions.com
About Demandware, Inc.
Demandware provides a complete on-demand ecommerce platform that combines the flexibility, functionality and interoperability of a full ecommerce application suite with the operating efficiency of a hosted on-demand service. With Demandware, retailers and manufacturers can deliver custom ecommerce solutions without buying software or operating expensive datacenters. Demandware was founded by a team with proven expertise from leading ecommerce infrastructure companies including ATG, Macromedia, Broadvision, Intershop and NaviSite. The company has strong backing from major IT investors North Bridge Venture Partners and General Catalyst Partners. For more information about Demandware, visit http://www.demandware.com.