CMGI Acquires Activate.Net Corporation; Top Web Broadcasting Service Provider to Integrate Proprietary Technology and Private-Labeled Network Within CMGI Network.SEATTLE and ANDOVER, Mass.--(BUSINESS WIRE)--Oct. 18, 1999-- CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Inc. (Nasdaq:CMGI), the world's largest and most diverse network of Internet companies, has today signed a definitive letter of agreement to acquire Activate.net Corporation (http://www.activate.net), a privately-held, Seattle-based streaming media See streaming audio, streaming video and digital media hub. company currently leading the market in providing business-to-business broadcast communications on the Internet. Activate.net will become a majority-owned operating company operating company A business that engages in transactions with outsiders. in the CMGI network. Additional terms of the transaction were not disclosed. Activate.net Corporation is a leading provider of Internet-based corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. , providing advanced broadcasting expertise, technology and network infrastructure to deploy audio and video to large, online communities. The company delivers more than 1,000 streaming events per month and is enjoying dramatic growth, doubling the volume of Webcasts it facilitates each quarter. Among Activate.net's innovations are the Activate Broadcast Network, SwitchBoard(TM) -- the first application to extend conference calls to the Internet - and the production of secure, pay-per-view Web broadcasts. This partnership brings increased reach to both Activate.net and CMGI, extending the services that CMGI's network of leading Internet companies can provide their customers to include end-to-end streaming media. "Activate.net brings world-class streaming media technologies to CMGI's expanding network of top consumer and business-to-business Web sites, online advertising services and infrastructure providers," said David Wetherell, CMGI Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Activate.net also brings established relationships with Fortune 500 corporations as well as synergistic relationships with CMGI affiliates Magnitude Network and AltaVista. We see multiple opportunities to deepen and expand upon those relationships given the range of communications and content services we now offer the consumer and enterprise markets. We also look forward to leveraging Activate.net's technology within companies across the network, including iCAST and NaviSite among others." "As part of the CMGI network, Activate.net will reap immediate benefits from synergies with other CMGI affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. ," said Jeff Schrock, CEO of Activate.net. "And in return, as their streaming media company, we bring expertise in everything from interactive business-to-business events to 24x7 hosting of radio stations, into the fold. The breadth of companies in the CMGI/@Ventures network creates almost limitless opportunities to assemble next-generation solutions for the benefit of our collective customers and end-users." Activate has already established successful working relationships with CMGI affiliated companies. At the height of the Clinton Impeachment impeachment, formal accusation issued by a legislature against a public official charged with crime or other serious misconduct. In a looser sense the term is sometimes applied also to the trial by the legislature that may follow. proceedings, Activate teamed with AltaVista to host indexed streaming video of the Grand Jury testimony, attracting thousands of online viewers. Additionally, earlier this year, Activate and Magnitude Network announced an agreement to begin streaming for Magnitude's radio station customers. Designed to work with commercial streaming media systems This is a list of streaming media systems with articles
About Activate.net Activate.net Corporation is the leading provider of Internet-based corporate communications, providing advanced broadcasting services, technology and network infrastructure to deploy audio and video to large, on-line communities. Among its innovations are the Activate Broadcast Network, SwitchBoard--the first application to extend conference calls to the Internet--and production of secure, pay-per-view business broadcasts. Major clients include Microsoft, Dell, Unocal, AIMR AIMR See Association for Investment Management and Research (AIMR). , TicketMaster Online-CitySearch, Rivals.com and Radio Free Europe Radio Free Europe (RFE), broadcasting organization established in 1950 with the stated mission of promoting democratic values and institutions. Its original purpose was to broadcast news to countries behind the "Iron Curtain" during the cold war. . Activate.net remains a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation and headquarters and operational facilities will continue to be based in Seattle, Washington. For more information about the company or its services, please visit http://www.activate.net or call (206) 764-3241. In Canada, call Activate.net Canada in Toronto, at (416) 642-5202. About CMGI With nearly 50 companies, CMGI, Inc. (Nasdaq: CMGI) represents the largest, most diverse network of Internet companies in the world. This network includes both CMGI operating companies and a growing number of synergistic investments through its venture capital affiliate, @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. Microsoft, Intel, Sumitomo and Compaq hold minority positions in CMGI. CMGI's majority-owned operating companies include Engage Technologies (Nasdaq:ENGA), 1ClickBrands, Activerse, Adsmart, AltaVista, iCAST, Magnitude Network, MyWay.com, NaviSite, NaviNet, SalesLink and ZineZone. The company's @Ventures affiliates have ownership interests in Lycos, Inc. (Nasdaq:LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ), Critical Path (Nasdaq:CPTH), Silknet (Nasdaq: SILK), Chemdex (Nasdaq:CMDX), Ancestry.com, Asimba.com, AuctionWatch.com, Aureate au·re·ate adj. 1. Of a golden color; gilded. 2. Inflated and pompous in style. [Middle English aureat, from Late Latin aure Media, blaxxun, BizBuyer.com, Boatscape.com, buyingedge.com, CarParts.com, CraftShop.com, eCircles.com, EXP.com, FindLaw, Furniture.com, HotLinks, INPHO/HomePriceCheck.com, Intelligent/Digital, KOZ.com, Mondera.com, MotherNature.com, NextMonet.com, NextPlanetOver.com, OneCore.com, ONElist, PlanetOutdoors.com, Productopia, Promedix.com, Raging Bull, Softway Systems, Speech Machines, ThingWorld.com, Vicinity, Virtual Ink, Visto, Vstore and WebCT. CMGI Corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax: 978-684-3814. Additional information is available on the company's Web site at http://www.cmgi.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this press release regarding CMGI, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the CMGI Annual Report or Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the most recently ended fiscal year. |
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