eShop Inc.

eShop Inc.
Industry Internet, software, electronic commerce
Fate Acquired by Microsoft in June 1996
Founded 1991 (1991)
Founder Arnold Blinn, Matt Kursh, Pierre Omidyar, Will Poole, Greg Stein
Headquarters San Mateo, CA

eShop Inc.[1] (formerly known as Ink Development Corporation)[2] was an American software company founded in 1991.[1] It was started as a software company to develop products for Go Corporation's PenPoint operation system. In later years, it developed software for the Windows for Pen Computing and Magic Cap platforms.

In 1993, it was renamed to eShop Inc. and developed electronic commerce software, focusing primarily on the "business-to-consumer" marketplace. eShop Inc. launched eShop Plaza in November 7, 1995, which included stores from online merchants.[1][3]

eShop was acquired by Microsoft on June 11, 1996 for less than $50 million and eShop's technologies were integrated into Microsoft Merchant Server.[1][4][5] Pierre Omidyar, one of the founders of eShop, earned over $1 million from the deal and later founded eBay.[2]

References

  1. 1 2 3 4 Microsoft Acquires eShop Archived 2009-01-04 at the Wayback Machine. (press release)
  2. 1 2 Viegas, Jannifer. Pierre Omidyar: The Founder of Ebay.
  3. ↑ "eShop - In the News". 1996-10-18. Retrieved 2018-09-13.
  4. ↑ "MS adds eShop to its buying spree". CNET. 1996-06-11. Retrieved 2018-06-24.
  5. ↑ "Microsoft Corp acquires eShop Inc (1996/06/11) - Thomson Financial Mergers & Acquisitions - AlacraStore.com". 2009-08-03. Retrieved 2018-09-13.
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