CMGI and Akamai Strengthen Ties with Cross-Company Partnerships; Companies to Collaborate on Advanced Dynamic Content Delivery Services.ANDOVER and CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dec. 17, 1999-- CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CMGI), the world's largest and most diverse network of Internet companies, and Akamai Technologies Akamai Technologies, Inc. (NASDAQ: AKAM) is a company that provides a distributed computing platform for global Internet content and application delivery, headquartered in Cambridge, Massachusetts. , Inc. (NASDAQ:AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ), which offers global, high performance services for the delivery of Internet content and applications, today announced a growing number of cooperative efforts to enhance the performance of company sites within the CMGI network. In addition, CMGI and Akamai announced that it is their intention to collaborate to develop new technologies to create and deliver dynamic content and applications that serve the growing interest of both companies. By taking advantage of Akamai's FreeFlow(SM) service, CMGI is improving the speed and reliability of its Web properties' content delivery. CMGI-related companies currently partnering with Akamai include NaviSite, a leading provider of Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and managed application services See ASP and Web services. ; AltaVista, a premier media and commerce network; 1stUp.com, a leading provider of ad-supported free Internet access See how to access the Internet. services; and NaviNet, delivering high-performance, private-label Internet access services, as well as @Ventures portfolio companies Mondera.com and Furniture.com. Through a strategic technology partnership with Akamai, NaviSite offers customers access to an end-to-end content distribution system combined with application and server management services, and is the provider of Akamai's FreeFlow to CMGI companies. Working together, several CMGI companies are collaborating with Akamai to develop new technologies that will provide intelligent decision-making capabilities at the edges of the Internet network to create and deliver dynamic content and applications. These projects will involve the joint development of applications to deliver and market services such as targeted advertising, dynamic page and content assembly, application delivery or usage research and analysis services, based on services now contained within the CMGI and Akamai networks. Akamai announced yesterday the introduction of its EdgeAdvantage(TM) platform that will enable applications to be delivered from the edge of the Internet, ensuring the same consistency and reliability available through Akamai FreeFlow service. Commenting on the announcement, 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. said, "Akamai has established a clear leadership role in delivering technologies that dramatically improve the speed and reliability of web sites. As the companies in the CMGI network grow in scale and scope, effective network performance and a continued positive user experience become even more critical issues. We look forward to an expansive relationship with Akamai that not only will provide benefits to the CMGI network today, but will also work to develop new technologies to support our mutual growth moving forward." Akamai Chairman and CEO George Conrades commented, "As a recognized leader in today's 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. , CMGI represents a diverse and successful network of Internet companies. Akamai's cooperative efforts with CMGI will create a powerful relationship for enabling Web properties to experience enhanced performance, reliability, and functionality. It is clear that CMGI and Akamai share a common vision for advancing those technologies that will create a better Internet." NaviSite's partnership with Akamai provides NaviSite's customers with access to an end-to-end content distribution system combined with application and server management services. The enhanced content delivery service, combined with application and server management, allows Web sites to offer powerful and engaging content -- without the expense of building unwanted infrastructure or large technical staffs. The agreement between NaviSite and Akamai has four distinct elements: joint network deployment; co-marketing; reselling; and technology exploration and development. NaviSite and Akamai will also integrate their management systems, allowing NaviSite to perform complete problem resolution management for all aspects of the NaviSite Content Distribution service. NaviNet has entered into a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with Akamai which contemplates NaviNet deploying Akamai servers to increase the speed and performance of the Internet access services NaviNet provides to ISPs. This arrangement provides NaviNet with tools to deliver content and applications at the edge of the Internet closest to end-users. The NaviNet Technology Platform, a unique network architecture that avoids Internet congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. and provides significant economies of scale, working together with the Akamai content and application delivery platform enables ISPs to offer high-performance access services while at the same time lowering their cost per subscriber. About Akamai Akamai Technologies is headquartered in Cambridge, Massachusetts This article is about the city of Cambridge in Massachusetts. For the English university town, see Cambridge, England. For other places, see Cambridge (disambiguation). Cambridge, Massachusetts is a city in the Greater Boston area of Massachusetts, United States. and has offices in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. . Akamai provides global Internet content and applications delivery services for more than 100 customers, improving Web site speed and reliability and enabling richer, more engaging Web site content. Currently, Akamai has deployed 1700 servers in 30 countries across 100 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool. About CMGI With more than 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. 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, Activerse, Adsmart, AltaVista, CMGI Solutions, iCAST, Magnitude Network, MyWay.com, NaviNet, SalesLink, Tribal Voice 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), MotherNature.com (Nasdaq: MTHR MTHR Mobile Telecommunications and Health Research (UK) ), 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, eGroups.com, EXP.com, FindLaw, Furniture.com, HotLinks, INPHO/HomePriceCheck.com, Intelligent/Digital, KOZ.com, Mondera.com, MyFamily.com, NextMonet.com, NextPlanetOver.com, Oncology.com, OneCore.com, PlanetOutdoors.com, Productopia, Raging Bull, SnapFish.com, 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. The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the 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. provisions 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. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Registration Statement on Form S-1 and other documents periodically filed with the SEC. "Safe Harbor" Statement under the Private Securities Litigation Reform Act 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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