After months of divesting, CMGI, is investing again.
CMGI - CMGI, Inc. - Google Finance:: CMGI, Inc. (CMGI), through its subsidiary, ModusLink Corporation (ModusLink), provides global supply chain management services and marketing distribution http://finance.google.com/finance?q=NASDAQ:CMGIHOME |
The Andover, Mass., Internet operating company this morning is buying iLogistix, a Fremont Calif., supply chain
management specialist for $41 million in cash and the assumption of certain liabilities.
The deal for iLogistix, which is in Chapter 11 bankruptcy protection, is expected to close at month's end, pending court approval.
Press Release ModusLink Corporation First Supply Chain Vendor to :: File Format: PDF/Adobe Acrobat - View as HTMLSep 11, 2006 (Nasdaq: CMGI), today announced a new, customized Storage Management Supply Chain. Solution—the first offering in a line of new vertical http://www.idema.org/_smartsite/modules/local/data_file/show_file.php?cmd=download&data_file_id=1516HOME |
"(Our) plan includes the acquisition of companies which are complementary to our existing core assets, and which meet our criteria for growth and financial
performance," said George McMillan, CMGI's CEO.
Following the merger, iLogistix will be folded into CMGI's own supply chain subsidiary, SalesLink, based in Boston's
Charlestown neighborhood.
CMGI Inc. (CMGI): Stock Quote & Company Profile - BusinessWeek:: CMGI, Inc., through its subsidiaries, provides supply chain management we did not make any new investments in Ventures in this past quarter for the http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capid=26604HOME | CMGI Announces New Senior Management Team for Expanded Supply :: CMGI offers industry-leading global supply chain management and entities may be unable to achieve expected synergies or make expected future investments http://www.thefreelibrary.com/CMGI+Announces+New+Senior+Management+Team+for+Expanded+Supply+Chain-a0119198134HOME |
The combined company will serve large computer and electronics manufacturers both in the United States and abroad. iLogistix has operations in the United States,
The Netherlands, Singapore and Taiwan and had 2002 revenues of approximately $300 million.
SalesLink will add customers Hewlett-Packard, Microsoft and Adobe, to its stable of Cisco Systems, Sony Electronics and Sun Microsystems. CMGI expects to
retain the bulk of iLogistix's 500 full-time employees.
CMGI Research | CMGI, Inc. Research:: A stock with a bad memory hangover from the .dotcom bubble, CMGI has quietly re-invented itself. They are actually 2 companies - a B2B supply chain services http://caps.fool.com/Ticker/CMGI.aspxHOME | ModusLink Corporation First Supply Chain Vendor to Deliver :: ModusLink Corporation, a subsidiary of CMGI, Inc. (Nasdaq: CMGI), today announced a new, customized Storage Management Supply Chain Solution--the first http://www.andhranews.net/intl/2006/September/11/bwi-ModusLink-Corporation-First.aspHOME |
Its the second suitor for iLogistix. An earlier sale to Zomax, of Minneapolis, Minn., fell
through.
Last week, CMGI withdrew an offer to buy the remaining shares of Engage it does not already own. Other CMGI subsidiaries include search engine AltaVista and Web site and application host NaviSite.
Network Associates Again Bids for McAfee.com
Waiting For the Other Shoe to Drop
|