CMGI
From Wikipedia, the free encyclopedia
CMGI inc. is a American technology and venture capital company, headquartered in Waltham, Massachusetts. The company supplies a range of internet and communications services, mostly to businesses. Its services include inventory and supply chain management, and software and services to support customer logistics, fullfillment, customer relations, and web-based retail.
As CMG Information Services, Inc. the company was founded in 1986 by David Wetherell, who remains the company's Chairman. The company's initial public offering was in 1994. Quoted on the NASDAQ exchange (ticker symbol CMGI), CMGI's June 2006 market capitalization was $515.5 million. CMGI's stock boomed in the dot-com bubble of the late 1990s, peaking at $163 in 2000. The stock crashed heavily when the bubble burst, falling below $1 in 2002. As a result, the company was forced to cease its acquisition spree and sell many of its investments (and divest itself of other costs, such as the naming rights to CMGI Field, home of the New England Patriots).
[edit] @Ventures
@Ventures is CMGI's technology venture capital arm. Its investments include:
- 1stUp.com
- AltaVista
- Lycos
- furniture.com
- BizBuyer.com
- Tribal Voice, makers of chat program PowWow
- Snapfish
- GX Media
- Domania
- Central ad server
- MyFamily.com, Inc.
- Alibris [1]
- GeoCities
- Chemdex.com
