@Ventures Portfolio Company Realm Business Solutions, Inc. Is Acquired.WALTHAM Waltham (wôl`thăm, –thəm), city (1990 pop. 57,878), Middlesex co., E Mass., a suburb of Boston, on the Charles River; settled c.1634, set off from Watertown 1738, inc. as a city 1884. , Mass. -- CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Inc. (Nasdaq: CMGI) announced today that @Ventures, its venture capital business, has received $6.0 million in initial cash proceeds resulting from the acquisition of one of its portfolio companies. Realm REALM. A kingdom; a country. 1 Taunt. 270; 4 Campb. 289; Rose, R. 387. Business Solutions, Inc., a portfolio company in which @Ventures held a minority investment, was recently acquired by Insight Venture Partners and Lightyear Capital. In connection with the transaction, @Ventures expects to receive up to $2.0 million in additional proceeds, assuming there are no claims against funds currently held in escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. . Realm Business Solutions, Inc. licenses software to the commercial real estate industry, providing solutions in several functional areas including asset valuation, budgeting and forecasting, property management, and lease management. About CMGI CMGI, Inc. (Nasdaq: CMGI), through its subsidiary ModusLink, provides industry-leading global supply chain management services and solutions that help businesses market, sell and distribute their products around the world. In addition, CMGI's venture capital business, @Ventures, invests in a variety of technology ventures. For additional information, see www.cmgi.com. About @Ventures @Ventures, CMGI's venture capital business, invests in early-stage and mid-stage technology companies. Formed in 1995, @Ventures has funded more than 70 Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , software, IT and clean energy companies. The primary focus of @Ventures' fifth fund, formed in 2004, is on investments in clean energy technologies, including alternative energy, energy efficiency, and water purification  It has been suggested that , , and be merged into this article or section. and management. For additional information, see www.ventures.com.
This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which address a variety of subjects including, for example, the expected future proceeds from the transaction. All statements other than statements of historical fact, including without limitation, those with respect to future expected proceeds are forward-looking statements. For a detailed discussion of cautionary statements that may affect CMGI's future results of operations and financial results, please refer to CMGI's filings with the Securities and Exchange Commission, including CMGI's most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . Forward-looking statements represent management's current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us. |
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