doesn't have any plans to merge or consolidate other companies in its infrastructure and enabling technologies segment into
CMGI, which develops and operates Internet companies, said it will continue to support NaviSite's growth, including the exploration of new strategic partnerships, but added that it has no plans to consolidate any existing businesses into NaviSite at this time.
NaviSite, a majority-owned operating company founded by CMGI in 1997, provides Web hosting and application services.
Earlier this month, CMGI said it had no plans to sell shares in its publicly-held operating units NaviSite or
. The company said at the time that it had enough cash and cash equivalents on hand to fund operations for two years. In September, CMGI said it planned to reduce the number of companies it currently operates to a range of five to 10, down from a total of 17. The company also disclosed plans to organize its majority-owned operating companies and its venture capital affiliate into six lines of business.