Elsevier acquires Mendeley – cloud-based research management and collaboration platform

April 9, 2013 — Fusion DigiNet

elsevierElsevier has acquired Mendeley, a London-based company that operates a global research management and collaboration platform. Researchers use Mendeley’s desktop and cloud-based tools to manage and annotate documents, create citations and bibliographies, collaborate on research projects and network with fellow academics.

“Mendeley is an innovative company with great culture, talent and collaborative spirit, and we will keep it that way,” said Olivier mendeleyDumon, Managing Director of Academic and Government Research Markets at Elsevier. “Not only that, but together we intend to scale and evolve Mendeley in ways that benefit the entire research community. We will provide greater access to content, data, and analytics tools to Mendeley’s users and its flourishing third-party app ecosystem, all of which will enable us to increase both Elsevier’s and Mendeley’s engagement with researchers.”

Launched in late 2008, Mendeley was the brainchild of three PhD students wanting an easier way to manage their research papers and collaborate with colleagues overseas. They developed a desktop app that could automatically extract metadata and keywords from PDFs, thus turning loose collections of PDFs into structured, searchable research paper databases that were synchronized to the cloud.

From the start, they were thrilled by the idea that this crowd-sourced data would allow Mendeley to analyse research trends across academic disciplines in real time, show readership statistics for individual research papers, connect researchers with similar interests and generate research paper recommendations based on collaborative filtering.

The Netherlands, Amsterdam & UK, London

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Time Out Group acquires Time Out Chicago

April 8, 2013 — Fusion DigiNet

Time Out Group has acquired Time Out Chicago. Terms of the deal were not disclosed.

“Chicago offers something for everyone – from foodies and art aficionados to film fans and theater buffs and we will continue to provide expert recommendations and inspiration for all Chicagoans to get the most out of their city,” said Jennifer Morgan , President of Time Out North America.

Aksel Van Der Wal CEO of Time Out added, “Chicago is an extremely valuable market for us and this acquisition underscores our continued commitment to expanding our digital offering, while remaining the source for authoritative, dynamic content.”

USA, New York, NY & Chicago, IL

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Euromoney Institutional Investor to acquire HSBC’s Quantitative Techniques operation

April 4, 2013 — Fusion DigiNet

Euromoney logoEuromoney Institutional Investor PLC is to acquire HSBC’s Quantitative Techniques operation.  QT is the benchmark and calculation agent business of HSBC Bank plc and creates and maintains more than 100 equity and bond indices for HSBC’s Global Markets division as well as over 60 external clients. Terms of the deal have not been disclosed.

Completion of the sale will take place after a transition phase, which is expected to take six months.  Once the transaction has completed, HSBC has agreed to purchase index calculation services from QT for a minimum period of three years.

Euromoney believes the acquisition creates an opportunity to build a new business providing independent index compilation services.  Over more than 40 years Euromoney has built strong relationships with financial institutions which should help expand QT’s customer base and encourage other institutions to engage QT to calculate the indices for their own investable index products.  Euromoney also plans to use QT’s index calculation expertise to develop new index families across other parts of its business.

“We are delighted to acquire the Quantitative Techniques operation from HSBC,” said Richard Ensor, chairman of Euromoney.  “HSBC is a trusted and important partner as well as a key client.  Euromoney looks forward to working with HSBC over the next three years and, it hopes, for many years afterwards to develop the QT business.  This acquisition gives Euromoney the opportunity to establish a significant footprint in the attractive index compilation market.”

UK, London

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Getty Images acquires G&S Imagens do Brasil

April 3, 2013 — Fusion DigiNet

GETTY IMAGES SAO PAULO

Getty Images has acquired G&S Imagens do Brasil Ltda, its third party distributor in Brazil. Trading under the name of Getty Images do Brasil, G&S Imagens has been the primary distributor of Getty Images’ creative and editorial content in the Brazilian market since 2008 and has been a key contributor to Getty Images’ success in the fast-growing region.

“As worldwide demand for content across multiple channels and platforms continues to increase, we are delighted to strengthen our ability to fully serve the Brazilian market,” said Jonathan Klein , Getty Images co-founder and Chief Executive Officer. “The need for both local and global content remains strong in Brazil and across Latin America, as the region continues to develop and grow. This acquisition will further enhance our geographic presence as well as our ability to better serve customers in the region and around the world, with a greater choice of innovative and inspiring content.”

USA, New York, NY & Brazil, Sao Paulo

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Rosetta Stone acquires online language company Livemocha

April 3, 2013 — Fusion DigiNet

rosetta stoneRosetta Stone has acquired Seattle-based Livemocha, one of the world’s largest online language-learning communities, for $8.5 million in cash. Livemocha has a community of over 16 million members in 195 countries. The company  uses crowd-sourcing to drive content development and social engagement. Livemocha will remain in Seattle.

“We are in the process of transforming Rosetta Stone to be the most dynamic and ubiquitous technology-based learning platform in the world,” said President and Chief Executive Officer Steve Swad. “Our acquisition of Livemocha will help accelerate that transformation. With Livemocha and its vibrant online community on our side, Rosetta Stone will reach more people and change more lives than ever before.”

USA, Arlington, VA & Seattle, WA

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LifeApps Digital Media acquires Sports One Group

April 3, 2013 — Fusion DigiNet

LifeApps-Icon-2012-85pxLifeApps Digital Media Inc., a digital media company focusing on health, fitness, sports publications, and next-generation social networks, has acquired Sports One Group and Performance Gear, a wholesale supplier to the promotional products industry providing athletic apparel, uniforms and decorating services. Effective as of April 1, 2013, LifeApps has acquired certain assets of Sports One Group, including a supplier base of leading fitness apparel designers and over 1,300 customers.

“We believe this is a great acquisition for LifeApps and a step towards expanding our physical and digital products across our sports, health and fitness based communities,” said Robert Gayman, CEO of Life Apps. “Through this new digital platform, we can now service the promotional and sports industries, the sporting goods sector and individual health enthusiasts with our diverse family of e-commerce and m-commerce fitness products. We are confident that the LifeApps team will be able to enhance and improve the current e-commerce business of Sports One Group and build an m-commerce solution for the business in the near future. In addition, the acquisition of Sports One Group will provide an immediate revenue stream to the Company.”

USA, San Diego, CA

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Experian acquires Decisioning Solutions

April 3, 2013 — Fusion DigiNet

experianExperian has acquired Decisioning Solutions Inc., a provider of a hosted SaaS customer acquisition platform.

Founded in 2004 and based in Canada, Decisioning Solutions provides SaaS solutions to small and mid-tier companies, including financial institutions and telecommunication companies in the US and Canada, to manage their customer acquisitions and loan originations. Decisioning Solutions’ products are multi-lingual and easily deployed to different geographies.

Customer acquisition and origination is a key sector for Experian globally and this acquisition provides Experian with a scalable, cross-industry global platform to complement its existing mid- and large-tier, on-premise and country specific solutions.

It is a further step in Experian’s strategy to extend its global lead in credit information and analytics and will form part of Experian’s Decision Analytics activities. The acquisition has been funded from Experian’s existing cash resources

UK, London & USA, New York, NY & Canada, Toronto

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Future sells Classic Rock and Metal Hammer

April 2, 2013 — Fusion DigiNet

futureplcFuture plc is to sell its UK rock titles Classic Rock, Metal Hammer and associated brand extensions to Team Rock Limited for £10.2m. The sale will be made on a cash-free and debt-free basis. Completion will occur on 16 April 2013.

As well as Classic Rock and Metal Hammer magazines, the sale includes associated periodicals Prog and AOR, as well as branded events The Golden Gods and The Classic Rock Roll of Honour.

The net sale proceeds will be used to reduce the level of bank debt and provide additional headroom under the Group’s new credit facility for further strategic digital investment. Future retains a portfolio of music-making titles and the musicradar.com website.

For the year ended 30 September 2012, the revenue, gross contribution and adjusted pre-tax profit attributable to these brands were £8.6m, £1.8m and £0.2m respectively. At 30 September 2012, the gross assets relating to these brands were £6.6m.

Mark Wood, Future’s Chief Executive, said: “Classic Rock and Metal Hammer generate revenues predominantly from print. Their sale is in line with Future’s strategy of prioritising products which are international and digital. These two iconic print brands have not been central to that strategy and will thrive within a broader music business.”

UK, London

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HubSpot acquires of Chime and PrepWork

March 28, 2013 — Fusion DigiNet

HubSpot_Logo_2xInbound marketing software company HubSpot has completed acquisitions of Chime and PrepWork, two early-stage technology companies based in Toronto and New Haven, respectively. Of the news, HubSpot CEO Brian Halligan said “this fall we completed our Mezzanine financing to give us the flexibility to grow by acquisition. We sought out innovative companies who could help us continue to transform the marketing landscape, and both Chime and PrepWork embody those characteristics. Over the upcoming year, we’ll continue to look for companies that fit this profile, so we hope this is the first of several acquisition announcements as we continue to expand on our commitment to transforming the landscape of modern marketing.”

Chime developed a Google Chrome plug-in that aggregates notifications from Gmail, Twitter, Facebook, LinkedIn and other common social media tools into one stream of updates. PrepWork was founded by Dan Wolchonok and provides briefing emails relevant to forthcoming meetings via a sync with users’ calendars.

HubSpot’s Vice President of Product Strategy and Corporate Development Brad Coffey noted: “Last year as part of HubSpot 3, we launched a Contacts tool that allows our customers to create more lovable marketing through effective personalization. Both Chime and PrepWork deliver innovative solutions that give their users real-time information and context around their interactions, and we believe the know-how, approach, and technology the Chime and PrepWork teams bring to HubSpot will enable our customers to deliver even more personalized and lovable marketing to their target audience.”

The acquisitions are effective immediately, and all employees from both Chime and PrepWork will join the HubSpot product development team full time and relocate to the company’s global headquarters in Cambridge, MA.

USA, Cambridge, MA & Canada, Toronto & New Haven, CT

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Amazon.com to acquire Goodreads

March 28, 2013 — Fusion DigiNet

amazonAmazon.com is to acquire Goodreads, a site for readers and book recommendations that helps people find and share books. Founded in 2007, Goodreads has more than 16 million members and there are more than 30,000 books clubs on the Goodreads site. Terms of the deal were not disclosed. It is expected to close during the second quarter of 2013

“Amazon and Goodreads share a passion for reinventing reading,” said Russ Grandinetti, Amazon Vice President, Kindle Content. “Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world. In addition, both Amazon and Goodreads have helped thousands of authors reach a wider audience and make a better living at their craft. Together we intend to build many new ways to delight readers and authors alike.”goodreads

Goodreads’s headquarters will remain in San Francisco, CA.

USA, Seattle, WA & San Francisco, CA

 

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