News / Releases
@Ventures Adds Rob Day as Principal
Waltham, Mass. — January 2, 2007 — @Ventures, the venture capital business of CMGI, Inc. (Nasdaq: CMGI), announced today that Rob Day is joining the firm as a Principal in @Ventures V, LLC. The fund, which is @Ventures’ fifth fund, was formed in May 2004 and is primarily focused on investments in companies developing clean technologies, including alternative energy, energy storage and efficiency, and water purification technologies.
Mr. Day joins @Ventures from Expansion Capital Partners, where he played an active role in that venture capital firm’s cleantech investments in Orion Energy Systems, SensorTran, and TigerOptics. Previously, Mr. Day was with Bain & Company, where he was a member of the firm’s Private Equity Group, and with the World Resources Institute, an environmental research organization. He also co-leads the Renewable Energy Business Network (www.rebn.org) and authors the website Cleantech Investing (www.cleantechvc.com), selected as a CNET News.com Blog 100 site.
“Rob has an extensive network of contacts and relevant experience in the cleantech investment sector, and we are pleased to have him aboard,” said Marc Poirier, a Managing Director with @Ventures. “Rob will be playing a key role in our east coast deal sourcing as we continue to pursue investment opportunities in this emerging sector.”
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About @Ventures
@Ventures, CMGI's affiliated venture capital business, invests in early-stage and mid-stage technology companies. Formed in 1995, @Ventures has funded more than 75 Internet, software, and energy technology companies. For additional information, see www.ventures.com.
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, see www.cmgi.com.
