PhilWeb.com, the hottest issue in the stock market at the moment, clinched yet another deal with a foreign partner logged into the Internet business, its sixth partnership in less than two months of its existence.
The Nasdaq-listed Net2Phone, the first company to capitalize on Internet telephony or the use of voice-enhanced products over the Internet, will soon be incorporating its solutions to further enhance PhilWeb's suite of products and services available to its clients.
The New Jersey-based technology firm (market capitalization: over $3 billion) is one of the investee companies of Japan's Softbank, the world's largest Internet venture capital firm which also recently announced a significant investment in PhilWeb.
"The investment of Softbank in our company no doubt paved the way for the smooth negotiations that resulted in the agreement to establish a strategic partnership with Net2Phone. We are delighted at this continuing vote of confidence to make PhilWeb the partner of choice of Internet companies around the world," PhilWeb president Alex Villamar said.
Net2Phone has an estimated global market share of 39 percent in Internet telephony minutes. Its products include N2PV.10, the world's first PC-to-phone service; N2P Business Solutions, a hardware/software Internet solution for enterprise customers; and Easysurf.com, the first e-commerce shopping portal powered by Internet telephony.
Two weeks ago, PhilWeb launched its suite of products and services for Internet and e-commerce applications such as its high-speed Internet access SpeedWeb; the dial-up Internet service ZOOM; and the college website Mylifemystyle.