I guess that bozo from the other day got his companies confused ;-)
Wednesday December 29, 9:04 am Eastern Time
Company Press Release
CMGI to Acquire Equilibrium
Leader in Digital Media Automation to Join CMGI's Robust
Arsenal of Internet Enabling Technologies
ANDOVER, Mass., and SAUSALITO, Calif.--(BUSINESS WIRE)--Dec. 29, 1999--CMGI, Inc. (Nasdaq:CMGI -
news), 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 in the
CMGI network. Terms of the transaction were not disclosed.
Equilibrium is a pioneer in the automation of digital content creation 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, 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 equilibrium.com or call +1-415-332-4343.
About CMGI
With more than 50 companies, CMGI, Inc. (Nasdaq:CMGI - news) 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 - news), NaviSite
(Nasdaq:NAVI - news), 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 - news), Critical Path (Nasdaq:CPTH - news), Silknet
(Nasdaq:SILK - news), Chemdex (Nasdaq:CMDX - news), MotherNature.com (Nasdaq:MTHR - news), Asimba.com,
AuctionWatch.com, Aureate 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 cmgi.com.
``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', 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 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.
Contact:
CMGI
Kendra Boccelli
(978) 684-3527
kboccelli@cmgi.com
or
Equilibrium
David Gartner
(415) 332-4343
david_gartner@equilibrium.com |
