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Services firms shift to e-commerce

Andersen Consulting and Whittman-Hart strike out in new directions to tap into e-commerce opportunities: Whittman-Hart by snagging USWeb/CKS, and Andersen by launching a new venture capital unit.

 

  latest developments 

Andersen Consulting and Whittman-Hart strike out in new directions to tap into e-commerce opportunities: Whittman-Hart by snagging USWeb/CKS, and Andersen by launching a new venture capital unit.

"Most of these deals don't work because the pieces don't fit."

- Tom Rodenhauser, analyst, ConsultingInfo.com

 


Wall Street shuns USWeb, Whitmann-Hart merger
Shares of both companies dip following news of their nearly $6 billion deal, as investors question the alliance between a low-key back-office computer consulting firm and its flashier Web marketing counterpart.

USWeb/CKS to merge with Whittman-Hart
update The professional services firms plan to merge in a stock-for-stock deal that will create a combined company with a market capitalization of about $14 billion.

Andersen plans venture capital unit
update The consulting firm is creating a new venture capital unit focused on Internet companies in an effort to establish itself as a major Net player.