CMGI Solutions Expands Staff to Meet Growing Client Demand.Business/Technology Editors ANDOVER, Mass.--(BUSINESS WIRE)--July 12, 2000 e-Business Solutions Provider Hires 125 New Consultants, Growing Employee Base by More than 33 Percent CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) Solutions, Inc., an e-Business solutions provider and majority-owned operating company operating company A business that engages in transactions with outsiders. of CMGI, Inc. (Nasdaq: CMGI) today announced that its recruiting and hiring program has been expanded to meet growing demand for its services among both new and existing clients. The company has signed more than 120 new applications developers, creative services Creative Services are a subsector of the creative industries, a part of the economy that creates wealth by offering creativity for hire to other businesses. Examples include:
The addition of these new hires will significantly accelerate CMGI Solutions' ability to deliver business-critical applications strategy, design, development and implementation services to Fortune 500 and leading dot-com organizations. CMGI Solutions maintains an industry-leading client base including companies such as EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , Barnes and Noble, Columbia House, eToys, Wit Capital and Pepsi. The new hires will also complement resources at CMGI Solutions' client sites and regional offices, including recently opened and expanded offices in Atlanta, GA; Chicago, IL; Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA and White Plains, NY. "The engine driving our growth has always been the range and depth of talent that we are able to bring to bear on client needs," said CMGI Solutions COO Robert Hughes Robert Hughes may refer to:
n. A condition in which a favorable circumstance or result gives rise to another that subsequently supports the first. Also called virtuous cycle. [Modeled on vicious circle.] of talent, clients and critical systems work is key to our ongoing success." "The foundation for this is our excellent recruiting program," Hughes added. "They're the best at finding and hiring the right talent to satisfy our clients' demands for critical systems development and integration." CMGI Solutions maintains a dedicated staff of 12 full-time technical recruiting professionals, charged with finding, hiring and keeping top talent for CMGI Solutions. All of the new hires will spend several weeks in training at CMGI Solutions offices around the U.S. prior to being assigned to new or existing client projects. The training program helps to hone the consultants' talents in top technologies while introducing and reinforcing company project management and operating methodologies. CMGI Solutions recruiters and project managers credit the training program with helping the company maintain its industry-low attrition rate Noun 1. attrition rate - the rate of shrinkage in size or number rate of attrition rate - a magnitude or frequency relative to a time unit; "they traveled at a rate of 55 miles per hour"; "the rate of change was faster than expected" . Upon completion of training, company project managers assign the consultants to projects at client sites nationwide. About CMGI Solutions CMGI Solutions provides business-critical applications strategy, design, development and implementation services for Fortune 500, large dot-com and stable start-up firms. With more than 15 years of custom development experience in large, distributed systems Distributed systems (computers) A distributed system consists of a collection of autonomous computers linked by a computer network and equipped with distributed system software. , CMGI Solutions combines the best talent with the best technologies to provide critical, complex solutions to satisfy client e-business demands. CMGI Solutions is headquartered in Andover, Mass. and is a majority-owned operating company of CMGI, Inc. 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 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 (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 (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), MotherNature.com (Nasdaq: MTHR MTHR Mobile Telecommunications and Health Research (UK) ), Ventro (Nasdaq: VNTR VNTR Variable Number of Tandem Repeat(s) ) and Vicinity (Nasdaq: VCNT). CMGI's corporate headquarters is 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. This release contains forward-looking statements. All statements other than statements of historical fact, including without limitation, those with respect to the expected benefits of the services of the newly hired consultants, and those with respect to CMGI Solutions' objectives, plans and strategies set forth herein are forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties which could cause CMGI Solutions' future results of operations to differ materially from those anticipated, and other risks detailed in CMGI's 1999 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. and from time to time in CMGI's please other reports filed with the SEC. For a detailed discussion of these and other cautionary statements, refer to CMGI's filings with the Securities and Exchange Commission, including CMGI's Annual Report on Form 10-K for the most recently ended fiscal year. |
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