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Lycos Chooses Portal to Manage Revenue From All Service Offerings

Posted on: Tuesday, 5 July 2005, 15:00 CDT

Ticker and Stock Exchange information in the first graph, first sentence of release should read: (Pink Sheets:PRSF) sted (Nasdaq:PRSF).

The corrected release reads:

LYCOS CHOOSES PORTAL TO MANAGE REVENUE FROM ALL SERVICE OFFERINGS; LEADING WEB DESTINATION RELIES ON PORTAL REVENUE MANAGEMENT TO MAXIMIZE PROFITS

Portal Software, Inc. (Pink Sheets:PRSF), the premier global provider of billing and Revenue Management solutions, today announced that Lycos, Inc., a leading provider of search, community, and technology lifestyle destinations, is standardizing on Portal to manage its website-based revenues.

Lycos, a wholly-owned subsidiary of South Korean-based Daum Communications Corporation, operates a variety of websites including Lycos.com, Hotbot.com, Matchmaker.com, Angelfire.com, Tripod.com, and Wired.com, and will utilize Portal's Revenue Management solution to rate, bill, charge, and collect revenue from its customers for website and other usage charges.

"Portal enables Lycos to carefully monitor and accurately charge customers for their activity and purchases on our family of web sites," said Victor Turner, director of business systems for Lycos, Inc. "With the high levels of traffic we experience and varied service offerings, we need a solid billing and Revenue Management solution, and Portal has proven itself to consistently meet our needs."

"Lycos has consistently been a leader in developing and delivering rich content and capabilities over the web," said Bhaskar Gorti, senior vice-president of global accounts, marketing and alliances at Portal. "Portal's Revenue Management solution ensures that Lycos can maximize the value associated with each of its web properties and end customers."

About Portal Software, Inc.

Portal is the leading worldwide provider of billing and Revenue Management solutions for the global communications and media markets. The company delivers the only platform for the end-to-end management of customer revenue across offerings, channels, and geographies. Portal's solutions enable companies to dramatically accelerate the launch of innovative, profit-rich services while significantly reducing the costs associated with legacy billing systems. Portal is the Revenue Management partner of choice to the world's leading service providers, including Vodafone, AOL Time Warner, Deutsche Telekom, Telstra, NTT, China Telecom, Reuters, China Mobile, Telenor Mobil, and France Telecom.

Copyright 1996-2005. PORTAL and the PORTAL LOGO are trademarks or registered trademarks in the United States and in other countries, all owned by Portal Software, Inc. or its subsidiaries.

About Lycos, Inc.

Lycos, Inc. (www.lycos.com) is a wholly owned subsidiary of Daum Communications Corp., a leading Internet portal and e-commerce destination in Korea with a growing presence throughout the Asian markets. Lycos, Inc. creates and operates search, community, and technology lifestyle sites including Lycos.com, Hotbot.com, Wired.com, Tripod.com, Angelfire.com, and Quote.com. Other Lycos products and sites include Lycos Mail, Gamesville, and GetRelevant. Lycos was acquired by Korean Daum Communications Corp. in October 2004 and has its U.S. headquarters in Waltham, Massachusetts. Daum Communications Corp. is traded on the KOSDAQ: 035720, www.daum.net.

(C)2005 Lycos, Inc. Lycos(R) is a registered trademark of Carnegie Mellon University. All other product or service marks mentioned herein are those of Daum Communications Corp., Lycos, Inc. or their respective owners. All rights reserved.

Source: Business Wire

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