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.