Thursday, February 21, 2008

CMGI to Acquire Open Channel Solutions for $24.5 Million - Waltham, MA

CMGI, a Waltham-based provider of supply-chain management technology, has signed a deal to acquire Open Channel Solutions (OCS), a Dedham-based provider of entitlement and e-business management software, for $24.5 million in cash. OCS was spun out of Modus Media International in 2001. Following CMGI's acquisition of Modus in 2004, CMGI assumed a minority interest in OCS, which is currently held by CMGI's venture capital business, @Ventures. OCS has headquarters in Dedham, and offices in Utah, the Netherlands, Japan and Australia. The company is expected to operate as a subsidiary of CMGI.


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