CMGI to Acquire Equilibrium; Leader in Digital Media Automation to Join CMGI's Robust Arsenal of Internet Enabling Technologies.Business/Technology Editors ANDOVER, Mass., and SAUSALITO, Calif.--(BUSINESS WIRE)--Dec. 29, 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 entered into an agreement to acquire Equilibrium, a leading provider of automation solutions for Internet media development. The parties expect to close the transaction in January 2000. Following the closing, Equilibrium would become a majority-owned operating company operating company A business that engages in transactions with outsiders. in the CMGI network. Terms of the transaction were not disclosed. Equilibrium is a pioneer in the automation of digital content creation The development of newsworthy, educational and entertainment material for distribution over the Internet or other electronic media. See DAMS. and the developer of award-winning packaged automation software. The company has built on its expertise to create the next generation of content infrastructure solutions. This new initiative will complement CMGI's diverse network of Internet companies particularly as CMGI continues to expand its reach in infrastructure technologies. Planned release of Equilibrium's infrastructure products is set for the second calendar quarter of 2000. "This acquisition will provide benefits to Equilibrium while offering state-of-the-art content infrastructure technologies to companies across the CMGI and @Ventures network," said David Wetherell, 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. , CMGI. "Equilibrium's automation solutions permit Web site content to be published, changed and updated in order to meet the needs of the end user. We look forward to introducing and using Equilibrium's solutions across our network to enhance performance and attract Web users." "With the support and financial backing of CMGI, Equilibrium is well positioned to provide the first truly dynamic content infrastructure for the Internet," said CEO Steve Denebeim. "CMGI has built a successful network of businesses that today include some of the leading Web brands and infrastructure providers. We look forward to working with these top companies." About Equilibrium Based in Sausalito, Equilibrium creates automation solutions for the Internet. For more information about Equilibrium, please visit http://www.equilibrium.com or call +1-415-332-4343. 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 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, Activerse, Adsmart, AltaVista, CMGI Solutions, iCAST, Magnitude Network, MyWay.com, NaviNet, SalesLink, Tribal Voice
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, buyersedge.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. "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", including statements regarding the closing of the subject transaction. These forward-looking statements are subject to risks and uncertainties. Factors which may affect these forward looking statements include, without limitation, risks related to acquisitions generally,including failure to satisfy customary closing conditions. 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. NOTE TO EDITORS: The affiliate name @Ventures contains an "at" (@) symbol, which may not appear in all databases. |
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