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CMGI Adds Equilibrium to Its Arsenal

Adding to its already vast fleet of various Net companies, CMGI Inc. Wednesday acquired automation solution provider Equilibrium.

Financial terms were not disclosed.

Equilibrium is a player in the automation of digital content creation and the developer of packaged automation software. This acquisition will complement CMGI's (CMGI) network of Internet companies particularly as it continues to expand its reach in infrastructure technologies, the firm said.

The parties expect to close the transaction in January. CMGI hopes Equilibrium will release more infrastructure products in second calendar quarter of 2000.

"Equilibrium's automation solutions permit Web site content to be published, changed and updated in order to meet the needs of the end user," said David Wetherell, chairman and chief executive officer, CMGI. "We look forward to introducing and using Equilibrium's solutions across our network to enhance performance and attract Web users."

With more than 50 companies, CMGI Inc. represents the largest network of Internet companies in the world.

In November, CMGI-owned AltaVista Co. bought investment community Raging Bull. In the same month, it launched a venture fund for business-to-business investments, reportedly worth $1 billion.