Posts Tagged ‘acquistions’
Friday, February 4th, 2011
 RALEIGH, NC – Cisco (Nasdaq:CSCO) is acquiring Raleigh-based Inlet Technologies, a video technology provider, in a deal worth $95 million.
Cisco has made a number of recent acquisitions in the video space, including Flip cameras to Tanberg.
In its recent mobile data forecast, Cicso predicted massive growth in video use on a range of devices from smartphones to tablets and laptops.
“Service and content providers have a tremendous opportunity to deliver exciting video experiences as media consumption increases across mobile, desktop, and smart devices,” said Enrique Rodriguez, senior vice president and general manager, Cisco Service Provider Video Technology Group. “Cisco’s Videoscape platform will play a key role in reinventing the TV experience, and the acquisition of Inlet will enable our customers to leverage the network as a platform to deliver innovative video experiences to consumers on any device.”
Venture-backed Inlet raised more than $20 million. It sells hardware and a range of video services.
Clients include Major League Baseball, NBC, MTV, Sunday Night Football, Xbox Live and Raleigh’s WRAL TV.
Tags: acquistions, Cisco, Inlet Technololgies, NC, Raleigh, video tech
Posted in Acquisitions, Carolinas, Internet/New Media, IT, North Carolina | Comments Off
Wednesday, January 5th, 2011
 RALEIGH, NC – Alphenon Corp., a Morrisville, NC-based provider of managed IT services to small and mid-sized businesses, has been acquired by mindShift Technologies. Financial details were not disclosed.
All 29 employees of Alpheon will be retained, the companies say, and in addition, mindSHIFT plans to expand in Raleigh, adding jobs.
While declining to speculate on how many jobs will be created, Paul Chisholm, mindSHIFT Chairman and CEO tells TechJournal South.
We are going to grow in the area and add head count as we do.”
“Not only does this acquisition expand our physical presence, but it also provides healthcare organizations access to our cloud computing knowledge experts and a full suite of best-in-class technology services,” he said. Alpheon’s high percentage of clients in the healthcare field was a factor in making it an attractive acquisiton for mindSHIFT, he added.
Founded in 2002, Alpheon provides IT management services to organizations which have a critical dependence on technology to run their business.
The company offers 24×7 technical support, remote infrastructure monitoring, management and maintenance, security services and Voice over IP (VoIP) technology.
“The demand for managed and cloud-based business services continues to grow rapidly among small and mid-size organizations,” said Greg Donovan, Alpheon CEO. “We have chosen to join with mindSHIFT because of its outstanding reputation as a leading managed services provider, their extensive portfolio of services including virtualization, and wealth of technical and human resources. With mindSHIFT we are able to provide all of our clients a new level of technical sophistication and scale.”
mindSHIFT provides managed IT services to legal firms, financial services companies, associations and non-profit organizations, educational institutions and many other small and mid-size businesses. The company has been ranked number one among managed services providers by MSPmentor for the last two years.
We suspect we’ll see more acquisitions in the managed services space. “The business is dominated by a bunch of smaller players,” Chisholm said. Many of them want to provide cloud services, but doing so requires more cash than some have, he notes. “There are a lot of smaller players saying I can’t get there by myself.”
Donovan agrees. “It really does take strength and depth to offer cloud services and smaller firms like ours can’t come to grips with it. This is a great opportunity to expand the depth and breadth of services we offer our customers.”
Donovan adds that joining the larger firm “Does require an adjustment after being an entrepreneur for ten years,” but adds that he’s looking forward to working with Chisholm and his team. — Allan Maurer
Email TJS Editor Allan Maurer: Allan at TechJournal South dot com.
Tags: acquistions, Alpheon, cloud IT, jobs, managed servcies, mindSHIFT, NC, Raleigh, virtualization
Posted in Acquisitions, Carolinas, IT, North Carolina | Comments Off
Tuesday, October 19th, 2010
 Tim O'Shaughnessy, CEO, LivingSocial WASHINGTON, DC – Local social shopping site LivingSocial has acquired Urban Escapes, a social adventure company. Terms of the deal were not disclosed.
LivingSocial will now be able to exclusively offer its 10 million subscribers-strong worldwide community a host of diverse, fun and unique adventures and experiences, produced by a team of on-the-ground experts.
Tim O’Shaughnessy, CEO and co-founder of LivingSocial said, “With the acquisition of Urban Escapes, we will now have the ability to help curate some amazing experiences and adventures exclusively for our members.”
Urban Escapes staff will work directly with LivingSocial representatives in five introductory markets designing and creating one-of-a-kind experiences and adventures for LivingSocial customers.
“People who use LivingSocial are already looking for fun, new things to do in the area they live or where they’re visiting,” said Maia Josebachvili, founder and president of Urban Escapes. “We’re passionate about organizing experiences you could never arrange on your own and this acquisition is the perfect opportunity for us to expand these completely unique, guided experiences around the globe.”
LivingSocial lets anyone find restaurants, shops, activities and services popular in their area at a savings of 50 percent to 70 percent.
LivingSocial has expanded its social local shopping service rapidly this year, adding markets at a blistering pace after raising more than $50 million in venture backing.
Its competitors in the space include the venture-backed Groupon, the 180-pound gorilla in the market. Chicago-based Groupon raised a round of more than $100 million this year.
The company started out offering the “Pick Five” app on Facebook.
Previously on TJS:
Local deals growing because they provide merchants with customers
Tags: acquistions, DC, Goupon, LIvingSocial, Tim O'Shaughnessy, Urban Escapes
Posted in Acquisitions, Georgia, Internet/New Media, Potomac, Washington, DC | Comments Off
Tuesday, October 12th, 2010
 BRISTOL, TN – Pfizer Inc.(NYSE: PFE) and King Pharmaceuticals Inc. (NYSE: KG)have agreed to merge in a deal worth $3.6 billion in cash.
Pfizer will acquire King, a diversified specialty pharmaceutical discovery and clinical development company, for $3.6 billion in cash, or$14.25 per share, which represents a premium of approximately 40 percent to King’s closing price as of October 11, 2010, and 46 percent percent to the one-month average closing price as of the same date.
King’s portfolio, includs a prescription pharmaceutical business focused on delivering new formulations of pain treatments designed to discourage common methods of misuse and abuse, and the Meridian auto- injector business for emergency drug delivery. The company has an R&D facility in Cary, NC.
Pfizer says the strategic combination will allow it to leverage its existing commercial capabilities and expertise to create one of the leading broad portfolios for pain relief and management in the biopharmaceutical industry, offering both currently marketed opioid and non-opioid products as well as a pipeline spanning stages of clinical development.
Tags: acquistions, Bristol, King Pharmaceuticals, pain management, Pfizer, TN
Posted in Acquisitions, Biotech, Healthcare, Other SE, Pharma, Tennessee | Comments Off
Tuesday, October 5th, 2010
 RALEIGH, NC – Peak 10 Inc., a managed services company and data center operator, and Welsh, Carson, Anderson & Stowe, a private equity firm, have closed a transaction in which Welsh Carson has become the majority shareholder of Peak 10.
As part of the acquisition, Peak 10 has closed a new credit facility for $155 million.
Peak 10’s existing management team, led by Co-Founder, President and CEO David Jones will continue to operate the business. The $155 million credit facility will be used to accelerate Peak 10’s growth plans in managed services and high-growth markets.
“This is a tremendous milestone for our management team and entire company,” said Brian Noonan, executive vice president and chief financial officer.
Two members of the Welsh Carson team, John Clark and Darren Battistoni, will now serve on Peak 10’s board, with Clark serving as chairman. The company will continue its successful track record of organic growth through construction of additional data centers in its existing markets, the addition of greenfield markets, strategic acquisitions and expansion of its service portfolio to meet increasing customer demand.
“We have worked with the Peak 10 management team for several years and have always been impressed by its careful and tactical use of financial resources,” said Ken Klassen, Managing Director, at RBC Capital Markets. “For this very reason, we continue to support Peak 10’s growth strategy and are excited to see it capitalize on the opportunities that lie ahead.”
Peak 10 combines its secure, private network and enterprise-class data centers with world-class engineering and support to serve market-leading companies nationwide.
Peak 10 offers a wide range of technology offerings including virtualization, managed hosting and cloud-based services in a cost-efficient and reliable platform for its customers. The company owns and operates data centers in ten key markets that include Cincinnati, Ohio; Atlanta, Ga.; Raleigh and Charlotte, N.C.; Tampa, Jacksonville and Fort Lauderdale, Fla.; Nashville, Tenn.; Louisville, Ky.; and Richmond, Va.
Tags: acquistions, Cincinnati, credit line, Fla.; Nashville, Ga.; Raleigh and Charlotte, Jacksonville and Fort Lauderdale, Ky.; and Richmond, N.C.; Tampa, Ohio; Atlanta, Peak 10, Tenn.; Louisville, VA, Welsh Carson
Posted in Acquisitions, Carolinas, Florida, Georgia, Internet/New Media, IT, Kentucky, North Carolina, Other SE, Potomac, Tennessee, Virginia | Comments Off
Wednesday, September 22nd, 2010
 MIAMI - Brightstar Corp.,which sells software to manufacturers, operators, retailers, and enterprises in the telecommunications industry, has reached a stock purchase agreement to acquire Illinois-based OTBT Inc., a reseller of wireless solutions for small to medium-sized businesses and large enterprises. OTBT provides its customers with a single source for all wireless devices, activations, service, and software.
The acquisition, once complete, will allow Brightstar to offer Value-Added Resellers (VARs) a customized and centralized platform to manage all facets of wireless device activation and services, as well as business implementation tools for operators. Initially, Brightstar will focus on helping VARs and their business customers with the activation and renewal process.
Financial details of the transaction were not disclosed.
Tags: acquistions, Florida, Illinois, IT, Miami, Telecommunications
Posted in Acquisitions, Florida, IT, Telecommunications | Comments Off
Monday, August 30th, 2010
 ATLANTA — Ebix, Inc. (NASDAQ: EBIX), an international supplier of on-demand software and e-commerce services to the insurance industry, has agreed to merge with A.D.A. M. Inc., (NASDAQ: ADAM), a provider of health information and benefits technology solutions in the United States. Ebix will acquire A.D.A.M. on a debt-free basis for $66 million.
Ebix says the move accelerates its health insurance strategy and that the two Atlanta-based companies have “highly complementary organizations and product families.”
Ebix Chair, President and CEO Robin Raina said, “At a particularly challenging time for the health insurance industry, we believe that this combination vaults the combined company into a powerful role with respect to employers, brokers, carriers and health insurance organizations — together we expect to shape the health insurance industry for years to come.”
Both companies have strong recurring revenue streams, with the merger creating a combined Company with 75 percent plus recurring revenue streams.
Tags: A.D.A.M., acquistions, Atlanta, Ebix, Georgia, health info & benefits, insurance ecommerce services
Posted in Acquisitions, Georgia, Healthcare, Internet/New Media, IT | Comments Off
Monday, August 16th, 2010
DULLES, VA - Telestream has agreed to acquire Dulles-based Grab Networks’ Anystream division. Financial details were not disclosed.
The combination will further extend Telestream’s position in the software video transcoding market.
Founded ten years ago, Anystream pioneered a solution for media companies looking to produce and transcode video to publish on the web with the introduction of their Agility products.
The company grew to become a leading provider of automated multi-platform media publishing solutions, and its solutions are used by over 600 of the leading media companies in 38 countries around the world.
FLIR Systems acquiring ICx Technologies
ARLINGTON, VA – ICx Technologies, Inc. (Nasdaq GM:ICXT), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, has entered into a definitive merger agreement with FLIR Systems Inc. (Nasdaq:FLIR).
According to the agreement, ICx would be acquired through a cash tender offer, followed by a merger with a subsidiary of FLIR, for a price of $7.55 per share in cash.
FLIR focuses on design, manufacturing, and marketing of thermal imaging and stabilized camera systems for a wide variety of thermography and imaging applications.
Tags: acquistions, Anystream, Arlington, Dulles, ICx Technologies, Virginia
Posted in Acquisitions, Internet/New Media, IT, Potomac, Virginia | Comments Off
Thursday, July 8th, 2010
 FAIRFAX, VA – Salient Federal Solutions, which sells IT and engineering services to the federal government, has closed on a $135.9 million offering, according to a regulatory filing. The financing pertains to to an acquisition by an “indirect, wholly-owned subsidiary,” according to the filing with the U.S. Securities and Exchange Commission.
Last week Saleint acquired California-based SGIS, a $101 million federal services provider, but the filing does not specify that as the acquisition.
Paul Fishbin of Hancock Capital Management is one of the principals named in the filing.
Saleint was founded in 2008 with $100 million in equity backing from Frontenac Co.
Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: acquistions, Fairfax, financing, Salient Federal Solutions, SGIS, VA
Posted in Acquisitions, Government/Defense, IT, Money, Potomac, Virginia | Comments Off
Tuesday, May 18th, 2010
 ATLANTA, DURHAM, NC, MELBOURNE, FL – Mergers and acquisitions across the Southeast are once again proceeding as if the recession is indeed over.
Harris buying SignaCert
Melbourne-Florida-based Harris Corp., which sells IT and communications services, says it is acquiring Oregon-based SignaCert, which makes IT compliance software. Financial terms of the deal were not disclosed.
Harris will run the SignaCert business via its DC-based cyber division. SignaCert sells tools that inhibit viruses and malware by only allowing approved software to be used. It raised $8 million in venture backing in 2009 from Arlington-based In-Q-Tel.
CDC Software acquires TradeBeam
Atlanta and Shanghai-based CDC Software Corp. (Nasdaq:CDCS, a hybrid enterprise software provider of on-premise and cloud deployments, has acquired San Mateo, Calif.-based TradeBeam, a provider of on-demand software as a service (SaaS) supply chain visibility and global trade management solutions.
CDC Software and TradeBeam share several common customers, and TradeBeam represents CDC Software’s largest SaaS acquisition to date. This acquisition also represents CDC Software’s latest move in expanding its growing portfolio of cloud-based solutions.
Canon U.S.A. acquires NC-based Tereck Office Solutions
Canon U.S.A. Inc., which sells advanced digital imaging and software solutions, has acquired the assets of Tereck Office Solutions, Inc., based in Durham, North Carolina. It will now be a new, wholly-owned subsidiary of Canon U.S.A. No financial details were disclosed.
The North Carolina-based Tereck is an independent value-added reseller of document imaging and print solutions, including imaging hardware and software, printer fleet and facilities management services.
Tags: acquistions, Atlanta, cloud computing, DC, Florida, Hardware, IT, NC
Posted in Acquisitions, Carolinas, Florida, Georgia, Hardware, IT, North Carolina | Comments Off
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