2Roam Completes $23 Million Third Round Investment; CMGI @Ventures, Weiss, Peck, & Greer, Trans Cosmos and Siemens Venture Capital to Help Fuel Growth of Emerging Wireless Leader.

Business Editors

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Aug. 9, 2000

2Roam, Inc., a leading wireless Web Application Service Provider (ASP), today announced it has completed a $23 million third round of private financing. The round was led by CMGI @Ventures, the venture capital affiliate of CMGI, Inc. (Nasdaq: CMGI), and also included Siemens Venture Capital, the corporate investment organization of Siemens AG, plus previous investors, Weiss, Peck and Greer and Trans Cosmos. 2Roam will use the funds to expand its operations and sales and marketing departments to support the company's explosive growth.

"Each of our investors will add tremendous value that goes far beyond money," said Bryan Wargo, co-founder and chief executive officer, 2Roam. "These established industry leaders will help us identify the key partners in the United States, Europe and Asia that will help make 2Roam's wireless solution the standard for leveraging the best Web content, commerce and services onto all types of wireless devices."

"2Roam is a uniquely promising wireless company that combines a compelling technology and business model with strong senior management. We have faith that Bryan and his team can bring the company's leading technology, vision and clear value proposition to market successfully," said Josh Daniels, a General Partner with CMGI @Ventures. "2Roam's impressive list of early customers, including eBay, Shoppinglist.com and Fogdog, demonstrates that key Internet brands are choosing 2Roam to reach their existing and new customers via wireless devices."

"In the next 12 months, people all over the world are going to expect that their favorite Web sites are available on their handheld devices and wireless phones," said Thomas Dollhopf, Investment Manager of Siemens Venture Capital. "We are investing in 2Roam because we believe they are one of the companies that is going to help make this a reality."

About 2Roam, Inc.

2Roam represents a new class of Wireless Web Application Service Providers (ASP). Based in Redwood City, Calif., 2Roam's customer-oriented approach, market-driven wireless vision and superior technological platform enable Web site businesses to quickly and profitably extend their business model to the wireless world. With the 2Roam solution, Web site businesses can deliver their content, commerce and services to all types of wireless devices without any changes in the way they do business. Based on a breakthrough technology platform, the 2Roam solution goes beyond pure technology to address the revenue and business needs of customers by enabling value-added e-revenue services and supporting flexible business models. With 2Roam, Web site businesses can now extend their brand and revenue streams to the growing number of wireless users with maximum functionality, usability and control. For more information, contact the company through its Web site at www.2roam.com.

About CMGI and CMGI @Ventures

With more than 70 companies, CMGI, Inc. (Nasdaq: CMGI) represents the largest, most diverse network of Internet companies in the world, including both CMGI operating companies and synergistic investments made through its venture capital affiliate, CMGI @Ventures. CMGI leverages the technologies, content and market reach of its extended family of companies to foster rapid growth and industry leadership across its network and the larger Internet Economy. Compaq, Intel, Microsoft, Pacific Century CyberWorks and Sumitomo hold minority positions in CMGI.

CMGI's majority-owned operating companies include Engage (Nasdaq: ENGA), NaviSite (Nasdaq: NAVI), 1stUp.com, Activate, AdForce, AltaVista, CMGion, CMGI Solutions, Equilibrium, ExchangePath, iCAST, MyWay.com, NaviPath, SalesLink, Tribal Voice, uBid.com, and yesmail.com. CMGI @Ventures has ownership interests in 57 companies, including Lycos, Inc. (Nasdaq: LCOS), Critical Path (Nasdaq: CPTH), MotherNature.com (Nasdaq: MTHR), Ventro (Nasdaq: VNTR) and Vicinity (Nasdaq: VCNT).

CMGI's corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. CMGI @Ventures has offices there, as well as at 3000 Alpine Road, Menlo Park, CA 94028. For additional information, see http://www.cmgi.com and http://www.ventures.com.

About Siemens Venture Capital

Siemens Venture Capital (SVC) is the umbrella organization of all Siemens venture activities. True to its slogan of "Fostering Innovation for Economic Success(TM)," SVC identifies innovative start-up companies and funds them at seed, early, and mezzanine stages in the high-growth areas of information technology, telecommunications, medical engineering, automation, and microelectronics. Through investments in horizontal technologies, SVC operates across the various business segments of Siemens to cover "multiple impacts," "joint competencies," and "white spaces."

A staff of 13 worldwide manages more than $200 million assets under management. SVC has offices in Silicon Valley, Boston, and Munich, as well as a representative office in Tel Aviv. For more information, visit the Web site at http://www.siemensventurecapital.com.

Weiss, Peck and Greer Venture Partners

Weiss, Peck & Greer Venture Partners is a private venture capital firm. Established in 1971, the Menlo Park-based group has managed ten venture funds with investments in more than 250 companies and over a billion dollars in invested capital. The partnership is a lead investor in early stage technology companies in the areas of communications systems, components, services as well as software/Internet products and services.

Weiss, Peck & Greer Venture Partners has contributed to the success of many industry-pioneering companies including Adaptec, Brocade, Ciena, DoubleClick, Electronics for Imaging, Harmonic Lightwaves, Informatica, Phone.com, Quantum Effect Devices, Sirocco Systems, and Vantive Corporation.

About Trans Cosmos USA

Trans Cosmos USA is a strategic international investor and an active local business partner for U.S. Internet-based technology companies expanding into the Japanese marketplace. It is the international partner-of-choice, offering capitalization of joint ventures, infrastructure development, strategic relationships, staffing and localization to companies in the American technology sector - effectively creating a pipeline of technological information to Japan. Trans Cosmos USA's portfolio, which focuses on companies specializing in new media, e-commerce, customer care and marketing services, includes such marquee brand names as DoubleClick Inc., RealNetworks Inc., Net Perceptions Inc. and NetRatings Inc. For more information, please visit www.transcosmos.com.