Here's a distillation of the moves CMGI is going to be involved in according to the CC... Courtesy CurveRider of the Raging Bull... Think it might interest a few folks hereabouts...*smile*...
Regards to all...Have an EXCELLENT weekend (Happy Father's day to all BTW)...
ragingbull.com
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Q3 CC (6/10/99 5:35-6:35 pm EST)
cmgi.com
cmgi.com
DW's "Couple of Announcements"
Announcement 1:
News to be released very soon about a new operating company to provide
systems integration solutions for CMGi and CMGi customers. The business has
two components: a software tools component that does xml objects coding, and
an implementation component that will provide services. The new CEO and 52
employees are already on staff and working. DW said he expects this company
to be one of the larger operating companies owned by CMGi and that it could
be ready to IPO in 2000.
Announcement 2:
It's Official! CMGi will be letting CMGI shareholders participate in IPOs of their
wholly owned subsidiaries. DW didn't want to pre-announce anything further
just yet. Details very soon.
M and A Activity
Andy Hajducky said the company will be picking up the pace in Merger and
Acquisition activity, near-term and longer term. DW said they'll be doing 1
acquisition/month going forward.
Planet Direct (Majority owned affiliate)
675 ISPs have signed up to use Planet Direct. Growth rate is averaging over 1
new ISP per day. The company will be launching a major new release next
week. It's their xml conversion. xml will make future enhancements to the service
much quicker to develop and get released. Eight out of ten new ISPs signing up
for services are using Planet Direct as their default home page.
@Ventures III
About ¼ of the available funds have been invested.
@Ventures IV and Late Stage Crossover Funds
@Ventures IV will be 2x-3x larger than @Ventures III. The @Ventures Late
Stage Crossover fund will also be 2x-3x larger than @Ventures III.
iCast (majority owned affiliate)
ZineZone and Magnitude Network have been folded in. DW mentioned four of
the channels that will be available: comedy, sports, music, personal publishing. A
special version of Activerse Ding! technology will be used called "iCaster". (The
standard edition of Ding! allows any user-defined events to drive alert messages
to the user. Mentioned how you can think up a song title and have iCaster find
the song playing on the net and stream it directly to you. Can't wait to see the
iCaster edition.)
New Additions to the CMGi Keiretsu
nextplanetover.com
San Francisco start-up e-retailer of comics, games, toys, books (including
graphic novels), videos, specialty apparel, magazines, trading cards, card
supplies, models, novelties and more.
advoco.com
DW called it an "ebay for business services". Menlo Park, CA based group of
talented individuals with previous start-up and Internet experience with
companies such as Yahoo, Netscape, AOL, Inktomi, Intuit, LinkExchange,
Cybercash, Release Software, Kana, e*Trade, WhoWhere and Instill, with a
broad range of skills in technical development, operations, business development
and product marketing, as well as success in founding and managing a number of
companies.
nascent.com
DW said Activerse and Nascent Technologies would be joining forces in some
way to provide scalable email services. Nascent Technologies, Inc. develops
value-added, carrier-class software that enables service providers to rapidly
launch new services on the World Wide Web. The company's premier
web-based messaging software, Mailspinner™, has been licensed to Internet
Service Providers, multinational corporations, universities and web sites around
the world.
Overseas Investments
DW said CMGi would be opening offices in Asia and Europe and looking for
partners for investments for @Ventures IV, first in Asia and then in Europe.
AdSmart
DW said they were the fastest growing web advertisement firm on the 'net.
NaviNet
Didn't catch what the metric was, but something good is happening at NaviSite
and according to DW it's "growing @ 20% per week, on average"!
Universal Learning Technology (@Ventures investment)
Now have relationships with over 700 universities and colleges to provide next
generation, interactive teaching and learning web-based applications. ULT has
the largest penetration in the market for these kinds of services in the world.
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