USWeb/CKS Acquires E-Commerce Consulting Firm - InformationWeek
IoT
IoT
News
News
7/30/1999
03:17 PM
50%
50%
RELATED EVENTS
[Dark Reading Crash Course] Finding & Fixing Application Security Vulnerabilitie
Sep 14, 2017
Hear from a top applications security expert as he discusses key practices for scanning and securi ...Read More>>

USWeb/CKS Acquires E-Commerce Consulting Firm

Internet services company USWeb/CKS said today it will acquire Mitchell Madison Group (MMG), a consulting firm with a business-to-business E-commerce focus. The deal, valued at $300 million, is a purchase is a stock transaction in which USWeb/CKS will issue approximately 14.4 million shares of USWeb/CKS stock for all of the equity interests of MMG.

MMG, which was formed five years ago by 30 former McKinsey & Co. employees, brings a client base that includes large financial firms. Recent expansions have taken the company into the health care, retail, technology, and telecommunications sectors.

According to Robert Shaw, CEO of USWeb/CKS, acquiring MMG will give his company the ability to pursue more Web business process engagements. He also said USWeb/CKS examined a number of companies before settling on MMG.

MMG CEO Tom Steiner will join USWeb/CKS as president and chief operating officer of USWeb/CKS.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll