Internet portal Lycos took a 14% stake in iCOMS Corp., a Nashua,N.H.-based company that creates e-commerce applications. It also suppliesthe backend infrastructure for merchants on LYCOShop, Lycos' onlineshopping area. The company plans to use the funds to expand operations. Thedollar amount of the minority stake was undisclosed. Lycos and iCOMS alsoentered a long-term alliance in which iCOMS will continue to providebackend support and order-processing software for Lycos' merchants.
Copyright January 2000, Crain Communications Inc.