AltaVista Software Selected by Covisint for Portal Content Search and Retrieval; Scalable Search and Retrieval Technology Allows Customers to Access Information Quickly.Business Editors PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--May 28, 2002 AltaVista Software, a division of AltaVista Company, a majority-owned operating company operating company A business that engages in transactions with outsiders. of CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Inc. (Nasdaq: CMGI), today announced that its search and retrieval technology has been selected by Covisint, the e-business exchange for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , to drive efficient content search and retrieval on its automotive industry portal. Covisint will use the AltaVista Software solution to provide secure categorization and consolidation across disparate automotive industry data sources. Covisint customers will leverage the AltaVista Software search engine to query resources within the industry portal. "Covisint serves as a central hub for the automotive industry. To manage and provide access to such a high volume of business information we needed a solution with a proven track-record for scalability and industrial-strength performance," said Mark Baughman, Global Director, Portal Products at Covisint. "Our investment in AltaVista Software will bring increased efficiency and relevance to our partners' and customers' searches for competitively priced goods and become an important catalyst for decreasing the overall costs of doing business." By integrating AltaVista Software's powerful search and retrieval technology into the exchange, Covisint is able to offer customers a single, easy-to-use interface to navigate (1) "Surfing the Web." To move from page to page on the Web. (2) To move through the menu structure in a software application. industry content. "The key to Covisint's success lies in its ability to offer products and services that will give its customers a competitive edge," said Jim O'Gara, AltaVista Software's vice president for Worldwide Field Operations. "AltaVista Software is the direct access point to all of that information. Together, we enable users to effectively harness the power of centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. information across the automotive industry." About AltaVista Software AltaVista Software (solutions.altavista.com), a division of AltaVista Company, organizes and turns unstructured data Data that does not reside in fixed locations. Free-form text in a word processing document is a typical example. Contrast with structured data. See free-form database. into valuable information for businesses, improves online customer satisfaction and provides a universal view of information across one platform. AltaVista Software's award-winning technology powers more than 600 companies, including Amazon.com, Ariba, Reuters, Buy.com, DaimlerChrysler, Procter & Gamble and Siemens. About AltaVista Company AltaVista is a leading global provider of search services and software. The company's patented technology continues to set the pace, making AltaVista a leading search engine among Web users and premier provider of high-powered search software to intranet, enterprise and e-commerce clients around the globe. AltaVista is a majority-owned operating company of CMGI, Inc. (Nasdaq:CMGI). For more information, see http://www.altavista.com. About Covisint Covisint is the technology company whose business-to-business products and services connect and enable the global automotive industry to reduce costs, increase efficiency, enhance quality and improve time-to-market. Covisint was founded by DaimlerChrysler, Ford, General Motors, Nissan, Renault, Commerce One and Oracle. Since its inception, PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. Peugeot Citroen has also joined the initiative. Covisint has headquarters in Amsterdam, Tokyo and Southfield, Michigan Southfield is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is part of the metro Detroit area. As of the 2000 census, the city had a total population of 78,296. Southfield Township is adjacent to the city on the north side. . For more information about Covisint, visit www.covisint.com. AltaVista is a registered trademark, and AltaVista Software is a trademark of AltaVista Company. Other owner's product names mentioned herein may be trademarks and/or registered trademarks of their respective companies. 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. based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address a variety of subjects including, for example, the expected benefits of AltaVista Enterprise Search. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: AltaVista may experience difficulties integrating technologies, operations and personnel in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with its business; AltaVista's ability to execute on its business strategy and the continued and increased demand for and market acceptance of AltaVista's products, services, web sites and the Internet in general; AltaVista's products and technologies may not successfully interoperate See interoperable. with those of third parties; and increased competition and technological changes in the markets in which AltaVista competes. For a detailed discussion of these and other cautionary statements, please refer to CMGI Inc.'s filings with the Securities and Exchange Commission, including CMGI's Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the most recently ended fiscal quarter. |
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