
(Formerly Nasdaq:MASC, now part of Computer Associates)
In 1996, Mastering Computers, a leading information
technology (IT) training company with nationwide operations,
was acquired by Eagle River Interactive, a public company
founded and led by Terry Graunke. Mastering Computers
leveraged Eagle River's interactive development capabilities
to create a computer-based training library of more
than 300 titles. The company also drew on its public
parent's financial assets to expand its product line
significantly into higher-margin training products and
to expand geographically into Europe.
In 1997, Eagle River sold its interactive development
business to Omnicom Group, one of the world's largest
holding companies of advertising agencies and marketing
services companies. The public company changed its name
to Mastering, Inc. and focused on its IT training business,
a more predictable, higher-margin, and faster growing
business.
After growing Mastering from a $10 million business
to a company on track to realize revenues of more than
$50 million two years later, Mastering was acquired
in early 1998 by PLATINUM technology in a transaction
valued at more than $225 million.