Cobalt Networks Partners With PaymentNet™ Platform for End-to-End ISP Electronic Commerce Solution

Los Angeles, CA . - April 13, 1999 - PaymentNet™ (, announced today that Cobalt Networks has selected the PaymentNet transaction processing platform for integration with its RaQ2 servers for ISPs providing e-commerce hosting services.

PaymentNet was selected as part of a broader set of partnerships announced today by Cobalt Networks that also include Miva Corporation, providing e-commerce storefront and development environments, and Thawte Certification, providing Secure Sockets Layer (SSL) and digital certificates.

"In looking for partners to deliver an end-to-end commerce solution, we focused on those that could provide us with both scalability and ease of use," said Stephen DeWitt, president and CEO of Cobalt Networks. "PaymentNet’s thin client architecture delivered both attributes, making it an ideal fit for our ISP hosting solution."

Philippe Courtot, PaymentNet Chairman and CEO, added, "Cobalt’s server appliance solutions for ISPs are helping to commerce-enable a key channel for distribution of PaymentNet’s transaction processing services. Our solutions both emphasize open architecture, scalability and security, allowing them to evolve with the requirements of ISPs and their e-commerce customers. We are pleased to be in league with Cobalt and its other partners in this key market segment."

Cobalt's RaQ 2 server appliances are ideal for ISPs who wish to provide affordable, high-density, dedicated server solutions for their customers. Based on the popular Linux operating system, the RaQ 2 provides developers with a simple way to package and deliver powerful solutions to real-world customer problems. Working with Cobalt, Miva, PaymentNet and Thawte have integrated their software to create a powerful e-commerce solution without exposing either the user or the ISP to the complexities and cost of installing and administering traditional e-commerce servers.

About Cobalt Networks, Inc.

Cobalt Networks, Inc. is a leading developer of server appliances which extend the reach of the Internet by setting new standards for value, integration, and ease of use. Cobalt's award winning product lines–the Cobalt Qube, Cobalt Cache, Cobalt RaQ, and Cobalt NASRaQ –are widely used as Internet and Web hosting server appliances at businesses, educational institutions and Internet Service Providers (ISPs). Cobalt's solutions are delivered through a global network of distributors, value-added resellers and ISPs. Founded in 1996, Cobalt Networks, Inc. ( is located in Mountain View, California–the heart of Silicon Valley – with international offices in Germany, Japan, the United Kingdom, and the Netherlands.

About PaymentNet

PaymentNet is a leading e-commerce transaction processing service. The service provides secure, Internet-based transaction and payment processing for a broad range of businesses that sell goods and services through a variety of e-commerce media. It offers industry-leading automation and customer care with its high-reliability credit card, debit card, and electronic check processing services.

The PaymentNet service is based on a scalable, secure TCP/IP architecture that automates the processing of multiple payment instruments. It leverages the Internet as a virtual private network between PaymentNet’s proprietary transaction processing server and individual clients dispersed on Internet and Intranet locations. The service is pre-integrated with many leading "shopping carts" and integrates easily with e-commerce front-ends of many types.

The service has been deployed across a wide range of businesses with excellent results. Notable customers include CBS SportsLine, EC Direct, Network Solutions, Inc., Value America, and Virtual Vineyards.

PaymentNet is headquartered in Pleasanton, California, and can be found on the Web at Contact PaymentNet corporate offices at 925/225-1670.


PaymentNet is a trademark of PaymentNet, Inc. All other trademarks are property of their respective owners.

PaymentNet Contact:
Scott Collison
PaymentNet, Inc.
(925) 598-1106