Broadvision (Nasdaq: BVSN), which supplies companies with e-commerce software and services, got a nice boost on Wall Street Wednesday after the addition of a new reseller was announced. Shares of Broadvision climbed nearly six percent, rising 3-1/8 to 58-/14 after e-commerce marketing company iVision Group (OTC: IVIG) announced that it will outsource BroadVision’s’sInternet business applications for a fixed monthly fee.
iVision will resell Broadvision’s applications and develop solutions for clients of both companies. The agreement might actually be a bigger deal for iVision for Broadvision, but it wasn’t enough to bump up iVision’s stock price on Wednesday. Shares of iVision closed down 1/4 to 2-3/8.