Agreement also expands customer reach for businesses advertising on Matchpoint
Mountain View, California—17 March 2008— Matchpoint, an online service for consumers to find and select businesses, and The Wall Street Journal Online (www.WSJ.com), a leading provider of global business and financial news, today announced an agreement that enables WSJ.com’s users to request competitive offers or proposals from various businesses.
“Most publishers are looking for new ways to monetize their sites beyond what they can do with display advertising,” said Adams. “Our search forms provide publishers with access to new revenue streams while also giving their users a valuable service.”
Matchpoint forms are currently available on WSJ.com’s Careers, Real Estate and Small business sections, enabling users to find and select businesses in a wide range of related categories. “We are excited to add Matchpoint as a new online advertising offering for large and small businesses on The Wall Street Journal Online,” said Pat Rodeawald, director of transactional products for WSJ.com. “Now these businesses have a way to reach our users who match the profile of their target customers and who are searching for services.”
“The Matchpoint platform gives businesses an opportunity to present consumers with personalized and targeted proposals,” said Peter Adams, president of Matchpoint. “Businesses can bid different amounts for the opportunity to be matched with consumers based on how closely a consumer’s needs match the profile of their target customer.” The agreement provides WSJ.com with an additional self-service advertising platform for businesses to use to effectively reach selected target customers.
Matchpoint Unique Benefits
• Matchpoint is pioneering a new way to connect people with needs directly to businesses with solutions.
• The major benefits for each audience segment includes:
o For Consumers: Matchpoint offers consumers a completely private way to describe their needs and request competitive offers and proposals from relevant businesses.
o For Advertisers/Businesses: The Matchpoint marketplace provides any business a new approach to meeting potential customers. Going beyond click-based ad models, Matchpoint provides a way to pay for introductions to consumers whose needs match the profile of their target customers and respond to them with relevant offers or proposals.
o For Publishers: The inclusion of relevant Matchpoint forms or links within its sites’ content provides publishers with a new way to tap into new revenue streams as well as enhance the user experience of their web sites.
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About The Wall Street Journal Online
The Wall Street Journal Online at www.WSJ.com, published by Dow Jones & Company, is the largest paid subscription news site on the Web with one million subscribers worldwide. Launched in 1996, WSJ.com attracts a rapidly growing audience of industry leaders and influentials. The award-winning site provides in-depth business news and financial information 24 hours a day, including breaking business and technology news and analysis from around the world. The site draws on the Dow Jones network of nearly 1,900 business and financial news staff – the largest network of business and financial journalists in the world.