CMGI

From Wikipedia, the free encyclopedia

CMGI Inc.
Type Public (NASDAQ: CMGI)
Founded Flag of United States, Delaware, 1986
Headquarters Waltham, Massachusetts, USA
Key people Joseph Lawler , Chairman & CEO
Industry Internet services, Software, Venture capital
Revenue $1,148.8 Million USD (2006)
Net income $14.9 Million USD (2006)
Employees 3,728 (2005)
Slogan "Creating Net Value"
Website www.cmgi.com


CMGI Inc. (College Marketing Group Information) is a American technology and venture capital company, headquartered in Waltham, Massachusetts. The company supplies a range of internet and communications services, mostly to computer companies, its biggest customer being Hewlett-Packard Company which accounts for 30% of the 2006 revenue [1]. Its services include inventory and supply chain management, and software and services to support customer logistics, fullfillment, customer relations, and web-based retail. The company provides these services mainly through its subsidiary ModusLink Corporation.

As CMG Information Services, Inc. the company was founded in 1986 by David Wetherell, who is no longer the company's Chairman. The company's initial public offering was in 1994. Quoted on the NASDAQ exchange (ticker symbol CMGI), CMGI's December 2006 market capitalization was $662.4 million. CMGI's stock boomed in the dot-com bubble of the late 1990s, peaking at $163 in 2000, for a market capitalization of more than $40 billion. 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).

@Ventures is CMGI's technology venture capital arm. Its investments have included:

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