(PR NEWSWIRE) DJ: CMG Forms NaviNet to Provide Dial-Up Networking for ISPs
DJ: CMG Forms NaviNet to Provide Dial-Up Networking for ISPs; NaviNet Offers
the Most Advanced Technology Platform for ISPs to Connect Dial-Up Customers to
the Internet
ANDOVER, Mass.--(BUSINESS WIRE)--Sept. 25, 1998--CMG Information Services,
Inc. (NASDAQ:CMGI) today announced the launch of NaviNet, the newest
addition to CMG's Internet Group. NaviNet, which began as a product line of
NaviSite Internet Services, will provide nationwide, wholesale dial-up
access for Internet Service Providers (ISPs).
"By spinning off NaviNet, CMG is expanding the breadth and depth of its
Internet Group with the addition of Internet network infrastructure," said
David Wetherell, chairman and CEO, CMG. "A national dial-up network
complements our existing portfolio of Internet software applications and
interactive marketing companies. NaviNet's technology will allow ISPs to
increase capacity in current markets and quickly expand to new markets."
The company has built an advanced dial-up network architecture, the NaviNet
Technology Platform, that provides cost, quality, and performance advantages
over existing solutions. The NaviNet Technology Platform aggregates multiple
calling areas into megaPOPs, deploys advanced switch bypass technology to
eliminate busy signals due to port congestion and relies on private transit
Internet connectivity to bypass congested public peering points. This
creates a highly reliable, low cost network with the industry's highest call
completion rates.
In addition to building a unique technology solution, NaviNet is partnering
with forward-looking Competitive Local Exchange Carriers (CLECs), a strategy
that enables CLECs to offer data services with minimal investment.
Additional information is available on the company's Web site,
navinet.net.
About CMG Information Services
The CMG Internet Group is made up primarily of majority-owned subsidiary
companies including Planet Direct, NaviSite, Engage Technologies, ADSmart,
InfoMation, The Password and Magnitude Network.
The company's CMG @Ventures investment affiliates have significant interests
in Lycos, Inc. (NASDAQ:LCOS), blaxxun, GeoCities (NASDAQ:GCTY), Vicinity,
Parable LLC, KOZ, Silknet, Chemdex, Speech Machines, Softway Systems,
TicketsLive Corporation, Critical Path, Mother Nature, and Visto
Corporation. CMG @Ventures recently announced a definitive agreement to sell
its investment in Reel.com to Hollywood Entertainment. In addition, CMG will
invest approximately $34 million in Hollywood Entertainment. CMG has also
signed a binding letter of agreement to sell its 25 percent stake in
PlanetAll to Amazon.com, Inc. CMG also includes CMG Direct, SalesLink,
InSolutions and On-Demand Solutions as wholly owned subsidiaries in the
direct marketing, fulfillment and turn-key arenas.
Corporate headquarters is located at 100 Brickstone Square, Andover, MA
01810. Telephone: 978-684-3600. Fax: 978-684-3674. Additional information is
available on the company's Web site, cmgi.com.
CONTACT: CMG
Lynne Dacy
978/684-3693
ldacy@cmgi.com
or
Copithorne & Bellows
Paula Muise
617/450-4300
paula.muise@cbpr.com
or
NaviNet
Brenda Suarez
978/684-3578
bsuarez@navisite.com
07:29 EDT SEPTEMBER 25, 1998
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