LONDON (03/03/2000) - Whittman-Hart Inc. and USWeb/CKS Inc. have completed their merger, the companies announced in a statement yesterday.
The combined company aims to help established brands use the Internet strategically, support '.com' startups, and help bricks-and-mortar companies that want to transform into Internet businesses, according to the statement. It will also continue to develop managed services and ASP (Application Services Provider) offerings.
The new company, temporarily known as Whittman-Hart & USWeb/CKS, will have headquarters in Chicago, with executive offices also maintained in San Francisco, according to the statement. The new name and stock symbol for the company will be announced on March 23.
USWeb/CKS shareholders own 57 percent of the merged company, while Whittman-Hart shareholders hold a 43 percent stake. The combined company will have market capitalization of approximately US$14 billion, according to an earlier statement.
Robert Bernard, chief executive of Whittman-Hart will be the president and chief executive officer of the new company, while USWeb/CKS CEO, Robert Shaw, will become chairman of the company's board.
The merger, which was announced in December, closed earlier than originally expected. [See "USWeb/CKS, Whittman-Hart to Merge," Dec. 14, 1999.]USWeb/CKS, in San Francisco, can be reached at +1-408-987-3200, or on the Web at http://www.uswebcks.com. Whittman-Hart, in Chicago, is at +1 312 922 9200, or at http://www.whittman-hart.com/.