ModusLink Global Solutions

From Wikipedia, the free encyclopedia
  (Redirected from CMGI)
Jump to: navigation, search
ModusLink Global Solutions, Inc.
Type Public (NASDAQMLNK)
Industry Forward & Reverse value supply chain management, Internet services, Software, Venture capital
Founded Delaware, United States (1986)
Headquarters Waltham, Massachusetts, USA
Key people John Boucher, CEO
Revenue Increase$754.5 Million USD (2013)
Net income Increase$15.2 Million USD (2013)
Employees 3,650 FTE[1]
Website www.moduslink.com

ModusLink Global Solutions, Inc., formerly CMGI Inc., is a US company that provides supply chain management services to global technology and software companies across its worldwide operations. The company has operations in North America, Europe and Asia (particularly in mainland China)

ModusLink was formed as a result of a merger between CMGI and Modus Media in 2004. Modus Media was led by R. Scott Murray as its CEO and a member of the Board of Directors, who was also a significant shareholder of the company. Murray led the turn around and growth of the company while under the ownership of its main shareholder Bain Capital. Murray was responsible for revitalizing the growth of the company, increasing client market share, introducing new technology services and leading the build out of Modus Media's China operations. Prior to the merger with CMGI, Modus Media had approximately 5,000 employees, revenues over $600 million per year and EBITDA of approximately $40 million. In 2004, CMGI acquired Modus Media in a stock merger for approximately $250 million in enterprise value. Following the merger Murray left the company and George McMillan from CMGI became CEO of the combined company. McMillan was subsequently replaced by Joe Lawler in 2005. Lawleer resigned from the company as a result of activist shareholder pressure in 2012.

On September 29, 2008, CMGI officially changed its name to ModusLink Global Solutions, with the change of ticker symbol to MLNK taking effect on September 30, 2008.[2]

References[edit]

  1. ^ "Company Profile for ModusLink Global Solutions Inc (MLNK)". Retrieved October 22, 2008. 
  2. ^ "CMGI Changes Name to ModusLink Global Solutions". moduslink.com. September 29, 2008. Retrieved February 25, 2011.