Open Market Inc. has announced the purchase of Waypoint Software Corp. for $12 million.

Open Market, a three-year-old software company, helps banks and other companies conduct electronic commerce on the Internet. This is the Cambridge, Mass.-based firm's first acquisition.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.