in the wires...ALTAVISTA ACQUIRES TRANSIUM TO DELIVER CUSTOM SEARCH HOSTING SERVICES
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amein
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ALTAVISTA ACQUIRES TRANSIUM TO DELIVER CUSTOM SEARCH HOSTING SERVICES
RELATED SYMBOLS: (YHOO)(CMGI)(AAPL)
PALO ALTO, Calif., Feb 9, 2000 /PRNewswire via COMTEX/ -- AltaVista
Company, the premier media and commerce network at
altavista.com , and a majority owned operating company of
CMGI Inc. (Nasdaq: CMGI), today announced that it will acquire Transium
Corporation, a leading provider of e-commerce navigational services.
Transium will become part of the newly formed AltaVista Business
Solutions Group that provides global Internet search services to
e-commerce and portal sites. Transium, based in Los Altos, Calif.,
provides services to leading Internet companies Yahoo! Finance, Intuit
Finance Network, ConsumerReports.org, and Office.com. Terms of the
agreement were not disclosed.
Transium is AltaVista's latest move to provide e-commerce companies,
portals and global enterprises with a complete search solution based on
its relevant, fast and effective search technology. With the addition
of Transium, AltaVista Business Solutions strengthens its position to
meet the growing demands facing companies in the age of e-commerce.
"Transium's technology adds a critical component to AltaVista Business
Solutions in its mission to deliver a premier custom hosted search
solution," said Greg Memo, vice president and general manager of
AltaVista Search. "Hosted search solutions allow companies to focus on
growing and sustaining their businesses rather than deploying valuable
IT resources for search services."
Transium's technology, a robust solution that specializes in hosting
proprietary content or specific web content, will allow AltaVista to
provide custom search services to companies worldwide. AltaVista will
use this technology to create and host a custom index of a company's
Web site or other content and to provide fast, relevant search results
to its users. This solution is expected to be especially attractive to
fast-growing companies that need a rapidly deployed, customized search
solution, or to vertical portals that want to provide industry-specific
information to their customers.
"Transium's hosted search technology helps companies to realize a more
rapid return on investment, with no additional internal resources
required to implement and support the application," said Paul Sutter,
CEO of Transium Corporation. "This strategic acquisition will create a
powerful search solution with the benefits of custom hosted services."
Transium brings to AltaVista a talented team of sales, service,
marketing and product development professionals who maintain an
expertise in the custom hosting sector.
About Transium Corporation Transium Corporation develops and hosts Web
search services that integrate a universal taxonomy across multiple
content sources, including parametric catalogs, market guides, indexed
databases, and news. Transium also provides scalable user profiling
technology whose contextualized interface yields a rich, customized
experience for e-commerce customers. Its patent-pending Relevance
Engine technology enables users to navigate instantly across large
catalogs and related content without prior knowledge of search terms
enhancing the discovery of relevant product related information and the
ease of making e-commerce purchases. Located in Los Altos, California,
Transium was founded by former executives of Dialog Corporation, Dow
Jones, and a technical team from Apple Computer. For more details about
its catalog integration services for e-commerce, please contact
Transium at 650-947-1826 or sales@transium.com. Or, visit the Transium
Web site at transium.com
About AltaVista Business Solutions AltaVista Business Solutions
licenses industry-leading AltaVista search engines products and hosted
services to e-commerce companies, portals and global enterprises.
AltaVista search technology is one of the fastest, most reliable and
most scalable search tools for Web businesses. AltaVista Business
Solutions has more than 850 customers worldwide. Additional information
is available on the AltaVista Business Solutions Web site at
solutions.altavista.com
AltaVista Company is the premier media and commerce network offering
Internet users up-to-the-minute news, live video, content, search and
shopping resources. The company integrates unique technology, products
and services to deliver relevant results faster for both individuals
and businesses. AltaVista is building on its heritage of technology and
innovative leadership, offering informative services including
AltaVista Search, AltaVista Live!, AltaVista Shopping.com, and
AltaVista Free Internet Access combined with the microportal. AltaVista
is a majority-owned operating company of CMGI, Inc., Andover, Mass.
AltaVista is headquartered in Palo Alto, Calif.
About CMGI With more than 60 companies, CMGI, Inc. 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, CMGI
@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.
AltaVista is registered with the U.S. Patent and Trademark Office.
Shopping.com, Smart is Beautiful and AltaVista Free Access are
trademarks of AltaVista Company or its affiliates. Product names
mentioned herein may be trademarks and/or registered trademarks of
their respective companies.
NOTE: This release contains forward-looking statements based on current
expectations or beliefs, as well as a number of assumptions about
future events, and these statements are subject to important factors
and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The
forward-looking statements in this release address a variety of
subjects including, for example, the expected benefits from AltaVista's
acquisition of Transium and the expected functionality of the
combination of the technologies and products of AltaVista and Transium.
These risks and uncertainties include, without limitation, the risk
that the combined companies may experience difficulties integrating
technologies, operations and personnel, the risk that the merger may
strain managerial and operational resources as management tries to
oversee the larger operations and increased competition and
technological changes in the industries in which AltaVista and Transium
compete. For a detailed discussion of these and other cautionary
statements, please refer to CMGI's filings with the Securities and
Exchange Commission, including CMGI's Annual Report on Form 10-K for
the most recently ended fiscal year.
SOURCE AltaVista Company
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
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CONTACT: Molly Ingle of AltaVista Business Solutions, 650-389-3781, or
molly.ingle@av.com; David Emanuel of AltaVista Company, 650-617-3496, or
david.emanuel@av.com; Aimee Brainard of Applied Communications, 415-365-0222,
ext. 281, or abrainard@appliedcom.com, for AltaVista Company
WEB PAGE: altavista.com
GEOGRAPHY: California
INDUSTRY CODE: MLM
SUBJECT CODE: TNM
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