CMGI Acquires Tallan for $920 Million
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CMGI Solutions will integrate Tallan's capabilities in data warehousing, data mining and online transaction processing systems, increasing CMGI Solutions' consulting and implementation services. Tallan's current client base includes barnesandnoble.com (BNBN) , Columbia House and priceline.com (PCLN).
Tallan's chief executive officer Jack Hughes will become chief operations officer of CMGI Solutions and report directly to Ronald E. Spears, CMGI Solutions' president and CEO. Hughes will also join CMGI Solutions' board of directors. The new entity will consist of nearly 500 employees.
The deal is the second acquisition in as many weeks for the CMGI, which bought auction site uBid.com last Thursday for $407 million in stock.