Bloomberg Acquires PolarLake

May 22, 2012 — Fusion DigiNet

Bloomberg LP has acquired Dublin-based software provider PolarLake.

“The PolarLake purchase is a strong signal to the marketplace that Bloomberg intends to be a leader in the enterprise data management business,” said Thomas Secunda, Bloomberg Co-Founder and Global Head of Bloomberg’s Financial Products and Services.

PolarLake, a leader in reference data management, distribution and integration, will become a wholly owned subsidiary of Bloomberg, but will operate as an independent business unit. It will have separate facilities and operations staff, so it can provide the highest levels of security, privacy and permissioning for the data it receives. Geller & Co. advised Bloomberg on the transaction.

USA, New York, NY & Ireland, Dublin

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H.I.G. Capital completes the acquisition of Comverge

May 22, 2012 — Fusion DigiNet

H.I.G. Capital , a global private equity investment firm has completed  the acquisition of Comverge, Inc. by affiliates of H.I.G.”

Based in Norcross, GA, Comverge is a leading provider of intelligent energy management solutions that empower utilities, commercial and industrial users and homeowners to use energy in a more effective and efficient manner. The Company’s core demand response product offering includes hardware, software and services that enable the management of peak electricity demand and has a strong value proposition by providing enhanced grid reliability at a lower cost relative to power plants. With almost 30 years of experience in the industry, Comverge has a strong market position and broad customer footprint with over 500 utility and 2,100 commercial customers and having enrolled over one million residential participants in demand response programs.

Brian Schwartz of H.I.G. commented, “We believe that the intelligent energy management and demand response industries will continue to grow quickly supported by a rebounding economy, aging power infrastructure, more stringent environmental regulations and a strong value proposition. With the support and expertise available to it as an H.I.G. portfolio company, Comverge is well-positioned to take advantage of this growth with a leading market position and differentiated product offering. We are excited about this opportunity and look forward to working with Comverge’s executives and employees to help the Company reach its full potential.”

USA, Miami, FL & USA, Norcross, GA

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KleanJobs.com acquires CleanTechRecruits

May 14, 2012 — Fusion DigiNet

CleanTechRecruits.com, with over 10,000 subscribers, is to be acquired by KleanJobs.com for an undisclosed sum in a transaction to be finalised this month. Subscribers will be offered the opportunity to list their current opportunities and qualifications on both job search sites during the transition at no additional charge.

The acquisition of CleanTechRecruits expands KleanJobs.com reach to a broader and wider-ranging group of jobs and prospects, as well as making available its growing range of employment-related services. Both companies offer job search for candidates, as well as job posting services, in solar and other renewable energy jobs related to engineering, accounting sales, marketing, manufacturing and product development.

USA, Seattle, WA

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Ziff Davis Acquires ComputerShopper.com

May 14, 2012 — Fusion DigiNet

Technology media company Ziff Davis has acquired ComputerShopper.com, a destination for expert, labs-based reviews and comparison shopping of technology products.

Computer Shopper has long been an authoritative voice in the hardware and software industries, initially as a print publication and today as a website attracting over 1.5 million unique visitors per month.

The fifth acquisition for Ziff Davis since the beginning of 2011, ComputerShopper.com gives the fast growing digital media company yet another influential property that plays a critical role in guiding technology buyers in their purchase decisions.

Founded in 1979, Computer Shopper was a Ziff Davis property from 1993-2001 when it was sold to CNET. SX2 Media Labs, which purchased Computer Shopper from CNET in 2006, is now selling it back to Ziff Davis.

“We’re thrilled to be bringing Computer Shopper back into the Ziff Davis portfolio as a digital business with a very devoted audience,” said Vivek Shah, CEO of Ziff Davis. “ComputerShopper.com perfectly fits our mission to inform and influence buyers of technology.”

ComputerShopper.com will join PCMag.com, ExtremeTech.com, Geek.com, Toolbox.com and LogicBuy.com in Ziff Davis’ group of owned-and-operated properties.

USA, New York, NY

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PRIMEDIA aquires Rent.com from eBay

May 8, 2012 — Fusion DigiNet

PRIMEDIA, a renter resource for apartment and rental home information and listings, has acquired eBay Inc.’s Rent.com subsidiary.

“Our acquisition of Rent.com creates the premier digital network to help consumers find the perfect place to live,” said Charles Stubbs, PRIMEDIA President and Chief Executive Officer, who will lead the combined company. “This acquisition demonstrates an unparalleled level of investment to change the industry and best serve our customers.”

USA, Atlanta, IL

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Schneider Electric acquires M&C Energy Group

May 4, 2012 — Fusion DigiNet

Schneider Electric has signed an agreement to acquire M&C Energy Group, a fast-growing company specialised in energy procurement and sustainability services for both multinationals and small to medium sized enterprises.

Headquartered in the Fife, Scotland, M&C provides its customers with energy procurement, compliance and performance optimization services mostly on recurring subscription basis. The company has more than 500 employees including 300 energy specialists and an international presence with 21 offices across 15 countries, particularly in Europe and Asia-Pacific.  M&C expects to generate total sales of approximately £35 million for the current year ending June 2012 with an EBITA margin above the Schneider Electric average.

In March last year Schneider Electric bought Summit Energy for total purchase price for the company is $268 million (~ € 190 million). See Fusion DigiNet article here.

Schneider Electric say that the M&C acquisition will complement the offerings and geographic presence of Summit Energy. M&C brings:

  • A strong client base of about 4,000 customers comprised of large corporations as well as a big pool of small to medium sized enterprises
  • Complementary geographical footprint, including Australia, Asia and some European locations
  • Highly experienced team specialized in services like energy procurement and risk management, regulatory analysis and compliance, performance optimization and sustainability auditing.

Chris Curtis, Schneider Electric’s Executive Vice President, Buildings Business, commented: “M&C is a bolt-on acquisition that will strongly complement Summit’s offerings, significantly enhance the Group’s position in energy management services, and accelerate our growth in countries where our presence is limited. In addition, this acquisition is totally in line with the Group’s strategy to boost services growth. The combination will allow us to connect their supply side expertise with our lead in demand side solutions and generate significant synergies.”

Mark Dickinson, CEO, M&C Energy Group commented: “Bringing M&C Energy Group and Schneider Electric together creates a global force in the energy advisory sector, providing long-term benefits to both staff and clients flowing from the combined knowledge, expertise, geographic footprint and range of products and service available.”

The completion of the transaction is subject to regulatory approvals and customary closing conditions.  The closing is expected to occur in the second quarter 2012. This acquisition is expected to be accretive on earnings per share from year 1 and to meet Schneider Electric’s Return on Capital Employed criteria in year 3.

France, Rueil-Malmaison, UK, Scotland, Fife and USA, Kentucky
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Acquisition of Xceligentby DMGT

April 27, 2012 — Fusion DigiNet

dmg:: Information (dmgi), the Business information division of Daily Mail and General Trust, has agreed to make a strategic investment in Xceligent Inc. for a consideration of less than US$10 million.

Xceligent, based in Independence, Missouri, is one of only two companies in the United States that provide fully researched property and listing information to the commercial real estate community. The remaining shares in the company are owned by the founders, management and employees.

UK, London & USA, Independence, MI

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Thomson Reuters sells its Healthcare business to Veritas for $1.25bn

April 23, 2012 — Fusion DigiNet

Thomson Reuters is to sell its Healthcare business to an affiliate of Veritas Capital for $1.25 billion in cash. The sale is expected to close in the next few months. The sale is not subject to any financing condition. Veritas has obtained debt financing commitments for the transaction.

The Healthcare business provides data, analytics and performance benchmarking solutions and services to hospitals, health systems, employers, health plans, government agencies and healthcare professionals. With leading assets and solutions such as MarketScan, Advantage Suite, Micromedex, CareDiscovery and ActionOI, coupled with expert services and analysis, the Healthcare business provides its customers with solutions to identify savings, improve outcomes, fight fraud and abuse and more efficiently manage their healthcare operations.

“We are proud of our colleagues who built a very strong Healthcare business,” said James C. Smith, chief executive officer of Thomson Reuters. “I know they will continue to serve their customers with the same high standards under new ownership. With the completion of the divestiture, Thomson Reuters will be even more focused on our core global businesses.”

“The Healthcare business of Thomson Reuters is the preeminent healthcare analytics company in the industry today,” said Robert McKeon, chairman of Veritas Capital. “The acquisition will provide us with a unique and exciting opportunity to add a truly outstanding business and world-class management team to our portfolio and we look forward to building upon our experience in the healthcare analytics market. We look forward to welcoming the business and its talented employees, including its talented management team led by Mike Boswood, into the Veritas family.”

“We are excited to become part of Veritas Capital. Veritas is committed to helping us continue to grow and expand our business and our customers should expect the same level of high quality services after the transaction closes,” said Mike Boswood, president of the Healthcare business.

Morgan Stanley and Allen & Company are acting as financial advisors to Thomson Reuters for the proposed divestiture. Covington & Burling LLP is acting as legal counsel for Thomson Reuters.

USA, New York, NY

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Facebook may IPO on May 17th and be valued at $100 billion

April 19, 2012 — Fusion DigiNet

Facebook is looking to IPO on May 17th according to a report in TechCrunch today. TechCrunch cites “multiple sources close to the company”. The sources say that Facebook will be valued at around $100 billion.

However, the date might change depending on how much time federal regulators need to review Facebook’s recent acquisition of Instagram for $1 billion.

The latest version of the Facebook prospectus, as filed with the SEC is available here.

USA, Menlo Park, CA

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Hitachi Consulting acquires sustainability consultancy PRIZIM

April 19, 2012 — Fusion DigiNet

Hitachi Consulting, a provider of IT consulting and management consulting solutions and services, has acquired PRIZIM Inc., a management consulting firm dedicated to sustainability audit, consulting, training and managed service solutions.

‘This acquisition is an important building block in our quest to strengthen our management consulting business with high value solutions and services,’ said Phil Parr, President and CEO of Hitachi Consulting. ‘PRIZIM’s industry-leading services and high level of sustainability expertise is a great complement to our existing Environmental Sustainability Solutions. As we combine these attributes with our deep industry knowledge and strong enterprise application technology capabilities, we can look forward to expanding and deepening our client engagements.’

Headquartered in Maryland, PRIZIM is a professional services firm specialising in sustainability with approximately 45 employees. The company helps organisations seeking superior sustainability performance with a wide range of services including environmental assessment and auditing; strategy, scientific, and technical consulting services; training and facilitation; and outsourced support. PRIZIM’s clients include companies in the private sector; federal, state, and local government agencies; hospitals and universities; nonprofit organizations; and foreign governments and businesses.

Japan, Tokyo & USA, Gaithersburg, MD

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