Real Estate School Online sold to CGI Holdings.CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. Holdings, Inc. (Northbrook, IL), an Internet services company that is being renamed Think Partnership, has entered the content business with the acquisition of Real Estate School Online, Inc. (Miami, FL), a provider of online education products and services specializing in delivery of fully accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. real estate licensing and continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). courses. CGI has acquired all of the stock of Real Estate School Online in exchange for $2.2 million in cash and CGI common stock with an aggregate value of $2.2 million. Former shareholders of Real Estate School Online will also be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to a one-time cash payment of up to $500,000 if the pre-tax earnings of Real Estate School Online exceed specified targets during the first twelve full calendar quarters following the closing. Gerard M. Jacobs, the CGI's ceo, said that, "While we plan to expand the Real Estate School Online services to other states, we expect Real Estate School Online to realize over $1.6 million of pre-tax income over the next twelve months without the benefit of our expansion plans. CGI has eight other subsidiaries, including WebSourced (Morrisville, NC), MarketSmart Advertising (Raleigh, NC) and PrimaryAds (North Plainfield North Plainfield, residential borough (1990 pop. 18,820), Somerset co., NE N.J.; settled 1736, inc. 1885. A Revolutionary War cemetery is there. , NJ). |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion