News / Releases

@Ventures Portfolio Company Enters into Definitive Agreement to be Acquired

Waltham, Mass. — October 17, 2007 — @Ventures®, the venture capital business of CMGI®, Inc. (NASDAQ: CMGI), announced today that one of the companies in its venture capital portfolio, The Generations Network, Inc., has signed a definitive agreement to be acquired by Spectrum Equity Investors. Under the terms of the agreement, Spectrum will lead an investment of $300 million to purchase a majority interest in the company. The acquisition is subject to customary closing conditions and is expected to be completed within 60 days.

“@Ventures has been a longstanding shareholder and supporter of The Generations Network and we are pleased with this acquisition,” said Joseph C. Lawler, chairman, president and CEO of CMGI. “@Ventures has developed a strong foundation of investments, and we are encouraged by the activities of our portfolio companies.”

CMGI expects to receive initial proceeds of approximately $14.0 million in its second fiscal quarter as a result of this transaction. CMGI may receive additional proceeds of up to $0.7 million, assuming there are no claims against proceeds to be held in escrow.

The Generations Network is the leading online network connecting families with their histories and with one another. The Generations Network’s portfolio of sites and products includes Ancestry.com and seven international Ancestry sites, MyFamily.com, Rootsweb.com, Genealogy.com, Family Tree Maker, and Ancestry Magazine.

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About CMGI

CMGI, Inc. (NASDAQ: CMGI), through its subsidiary ModusLink, provides industry-leading global supply chain management services and solutions that help businesses market, sell and distribute their products around the world. In addition, CMGI's venture capital business, @Ventures, invests in a variety of technology ventures. For additional information, visit www.cmgi.com.

About @Ventures

@Ventures provides venture capital to early-stage and mid-stage technology companies. Formed in 1995, @Ventures has funded more than 75 software, IT, Internet, and clean energy companies. The focus of @Ventures’ fifth fund, formed in 2004, is on investments in the cleantech sector, including alternative energy, energy storage and efficiency, and water purification technologies. For more information, visit www.ventures.com.