About FindLaw
Press Release
FindLaw Raises $10 Million to Fuel Rapid Growth
@Ventures Leads Expansion Venture Round For The Web's Leading Legal Portal
MOUNTAIN VIEW and MENLO PARK, Calif.--Sept. 22, 1999-- FindLaw, the leading Web portal focused on law and government, has secured a $10 million round of venture funding led by @Ventures, the affiliated venture capital arm of CMGI, Inc.
@Ventures will also take a seat on FindLaw's Board of Directors and join an assembly of investors committed to the growth and development of FindLaw. These investors include Amicus Investments, Angel Investors LP, Arba Seed Investment Group and Glasser Legal Works.
FindLaw ( http://www.findlaw.com) makes the breadth and depth of legal information now available on the Internet easy for users to find and use. The site offers instant access to a comprehensive and fast-growing online library of legal resources suited for use by legal professionals, consumers and small businesses alike. FindLaw also provides users with a broad array of features that include Web search utilities, cases and codes, legal news, and community-oriented tools, such as a secure document management utility, mailing lists, message boards and free e-mail.
``We are thrilled to be working with @Ventures,'' said FindLaw CEO and co-founder Tim Stanley. ``Their experience in the Internet space and synergistic portfolio will add tremendous value to FindLaw. This funding will allow us to aggressively expand our offerings and accelerate our lead in the Internet legal market.''
``We have been thoroughly impressed with not only the robust information resources and easy-to-use features FindLaw offers consumers, businesses and legal professionals, but with the ingenuity, dedication and skillful leadership of co-founders Timothy Stanley and Stacy Stern,'' said Brad Garlinghouse, General Partner with @Ventures. ``We are looking forward to integrating this industry-leading vertical portal - or `vortal' -- into the @Ventures and CMGI network.''
About FindLaw
FindLaw, Inc. (
http://www.findlaw.com/), the leading Web portal focused on law and government, is dedicated to making legal information on the Internet freely available and easy to find. The most highly-trafficked legal Web site, FindLaw offers lawyers, consumers, and small businesses a wealth of legal resources and information, including legal search tools, case law (including U.S. Supreme Court decisions back to 1893), legal news, real-time SEC filings, community discussion areas and online continuing legal education. For more information, see http://www.findlaw.com
About @Ventures and CMGI
With nearly 50 companies, CMGI, Inc. represents the largest, most diverse network of Internet companies in the world. This network includes both CMGI operating companies and a growing number of synergistic investments through its venture capital affiliate, @Ventures. CMGI leverages the technologies, content, and market reach of its extended family of companies to foster rapid growth and industry leadership across its network, and the larger Internet Economy. Microsoft, Intel, Sumitomo and Compaq hold minority positions in CMGI.
CMGI's majority-owned subsidiaries include Engage Technologies, Activerse, Adsmart, AltaVista, Cha! Technologies, iCAST, Magnitude Network, NaviSite, NaviNet, Planet Direct and ZineZone. The company's @Ventures affiliates have ownership interests in Lycos, Inc., Critical Path, Silknet, Chemdex, Advoco.com, Ancestry.com, Asimba.com, AuctionWatch.com, Aureate Media, blaxxun, BizBuyer.com, buyingedge.com, CarParts.com, CraftShop.com; eCircles.com, Furniture.com, HotLinks, Intelligent/Digital, KOZ.com, Mondera.com, MotherNature.com, NextMonet.com, NextPlanetOver.com, OneCore.com, ONElist, PlanetOutdoors.com, Productopia, Promedix.com, Raging Bull, Softway Systems, Speech Machines, ThingWorld.com, Universal Learning Technology, Vicinity, Virtual Ink and Visto.
CMGI is also the majority-owner of SalesLink, InSolutions and On-Demand Solutions, leaders in direct marketing, fulfillment and turnkey arenas. CMGI Corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax: 978-684-3814. Additional information is available on the company's Web site at
``Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding CMGI, Inc.'s business which are not historical facts are ``forward-looking statements'' that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ``Risk Factors'' in the CMGI Annual Report or Form 10-K for the most recently ended fiscal year.