CMGI Solutions Expands Its Presence To Western Europe; New London Facility to Service Growing Demand for e-Business Solutions in Western Europe.Business/Technology Editors ANDOVER, Mass.--(BUSINESS WIRE)--March 27, 2000 CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) Solutions, Inc., a leading e-Business services and technology firm and a majority-owned operating company operating company A business that engages in transactions with outsiders. of CMGI, Inc. (Nasdaq:CMGI), today announced the opening of a consulting and sales office outside London, England. The new location services See mobile positioning. Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). , an area of growing demand for e-Business services. This is the first of several international offices that CMGI Solutions plans to open in the coming months, including Amsterdam, Germany, Paris, Asia Pacific and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . "We chose London as the locale of our first venture outside of the U.S. because of the exciting market opportunities and growth potential present in Western Europe, particularly in the demand for e-Business solutions," said Ronald E. Spears, president 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. of CMGI Solutions. "This move extends CMGI Solutions' leadership position across the Atlantic and is consistent with our goal of being the leading global e-Business consulting and technology firm." Mr. Spears continued, "The establishment of our London office represents our intent to rapidly expand our global reach and demonstrates our commitment to building offices that provide service to our clients worldwide." CMGI Solutions' London office is located in CMGI's European corporate office in Maidenhead Maidenhead, city (1991 pop. 59,809), Windsor and Maidenhead, S central England, on the Thames River. It is a residential town with brewing and milling industries as well as a resort. The 13th-century stone bridge was rebuilt in the 1770s. , U.K. CMGI Europe was established to address the growing demand for CMGI's expertise in creating and operating successful Internet companies. CMGI Europe provides operating resources that allow majority-owned operating companies and CMGI @Ventures strategic investment companies to meet their clients global business needs. About CMGI Solutions Launched in December of 1999, CMGI Solutions was created by applying CMGI's deep industry expertise in creating and operating innovative Internet companies. CMGI Solutions leverages the CMGI network of technology resources, other best-of-breed applications and CMGI's management expertise to offer an end-to-end e-Business solution for Global 2000 corporations. CMGI Solutions unites strategic expertise and a packaged application framework of technology to launch enterprises into a web-enabled environment. The company's leading-edge platform, SolutionsPort(TM), provides an e-Business architecture designed for optimum scalability and flexibility enabling companies to accelerate time to market and generate revenue at an increased rate. CMGI Solutions is headquartered in Andover, Mass. About CMGI and CMGI @Ventures With more than 65 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 The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . Compaq, Intel, Microsoft, Pacific Century CyberWorks and Sumitomo hold minority positions in CMGI. CMGI's majority-owned operating companies include Engage Technologies (Nasdaq: ENGA), NaviSite (Nasdaq: NAVI), 1ClickBrands, 1stUp.com, Activate.net, AdForce, Adsmart, AltaVista, CMGI Solutions, Equilibrium, Flycast, iCAST, MyWay.com, NaviNet, SalesLink, Tribal Voice
CMGI's corporate headquarters is at 100 Brickstone Square, Andover, Mass., 01810. CMGI @Ventures has offices there as well as at 3000 Alpine Road, Menlo Park, Calif., 94028. This release contains forward-looking statements which address a variety of subjects including, for example, the expected addition of international offices and the expected growth in international markets. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: CMGI Solutions may not execute successfully on its business plan; international markets for e-Business solutions may not grow as rapidly as expected; technological, economic and regulatory risks involved with operating in international markets; and increased competition and technological changes in the markets in which CMGI Solutions competes. For a detailed discussion of these and other cautionary statements, please refer to CMGI's filings with the Securities and Exchange Commission, including CMGI's Annual Report on 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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