CMGI completes acquisition of Open Channel Solutions

WALTHAM, Mass.--CMGI^®, Inc. (NASDAQ: CMGI), a global leader in supply chain management services, today announced it has completed its previously announced acquisition of Open Channel Solutions, Inc. (OCS), a leading global provider of entitlement and e-business management solutions. The acquisition creates a complementary offering between OCS’ digital content distribution capabilities and the supply chain management services offered by CMGI’s subsidiary ModusLink, to create a complete “digital to physical” supply chain management solution.

Under the terms of the agreement, announced February 20, 2008, CMGI paid a net purchase price of approximately $11.0 million in the all-cash transaction, which is valued at $24.5 million, due to an existing minority interest in OCS and the repayment of debt it currently holds. As previously announced, CMGI expects the transaction to be neutral to earnings per share in fiscal 2008 and accretive thereafter.

OCS will maintain its headquarters in Dedham, Mass. and operate as a wholly owned subsidiary of CMGI. Ed Rose, president and chief executive officer of OCS, and the entire management team will remain with the company. OCS employs more than 80 people worldwide, with offices in Japan, the Netherlands, Australia and Utah.

“We have seen a consistent need for support of digital content distribution, in addition to physical distribution of products,” said Joseph C. Lawler, chairman, president and chief executive officer of CMGI. “By acquiring OCS, we can now offer clients digital delivery support of their electronic products such as software or digital media, in addition to the capabilities provided by ModusLink, to create a single point of contact for all of our clients’ distribution needs, both physical and electronic.”

About CMGI

CMGI, Inc. (NASDAQ: CMGI), through its subsidiaries ModusLink and Open Channel Solutions, 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 ModusLink

ModusLink Corporation is a leading provider of global, end-to-end supply chain management solutions. The company provides technology clients in the software, computing, consumer electronics, storage and communications markets with customized supply chain solutions that improve time-to-market, productivity and customer satisfaction while reducing risk and cost. ModusLink's services include consulting and planning, sourcing and supply base management, manufacturing and product configuration, fulfillment, logistics management, e-commerce and the complete range of aftermarket services. ModusLink has more than 30 facilities in 13 countries, creating the largest global footprint in the industry. With headquarters in Waltham, Mass. the company is a subsidiary of CMGI, Inc. (NASDAQ: CMGI). For additional information, visit www.moduslink.com.

About Open Channel Solutions

Open Channel Solutions (OCS) is a leading global provider of entitlement and e-business management solutions, including its flagship Poetic™ product. The company’s self-service offerings help organizations increase software renewal revenues; extend their reach and manage sales in the growing SMB market through multi-tiered channels; effectively distribute electronic software and content; and eliminate costly, inefficient e-business IT processes. OCS is headquartered in Dedham, Mass., and has offices in Utah, the Netherlands, Japan and Australia. For more information, visit www.ocs.com.