Amazon.com Acquires PlanetAll and Junglee

Posted on August 4, 1998

Online retailer Amazon.com, Inc. announced the signing of definitive agreements to acquire two Internet companies. In separate transactions Amazon.com has agreed to acquire: PlanetAll, based in Cambridge, Mass., which provides a Web-based address book, calendar, and reminder service and Junglee Corp., based in Sunnyvale, Calif., a provider of Web-based virtual database (VDB) technology that can help shoppers find products on the Internet.

"PlanetAll is the most innovative use of the Internet I've seen," said Amazon.com founder and CEO Jeff Bezos. "It's simply a breakthrough in doing something as fundamental and important as staying in touch. The reason PlanetAll has over 1.5 million members -- and is growing even faster than the Internet -- is simple: it creates extraordinary value for its users. I believe PlanetAll will prove to be one of the most important online applications."

"Junglee has assembled an extraordinary team of people," Bezos said. "Together we'll empower customers to find and discover the products they want to buy."