Nasdaq OMX Group to acquire the investor relations, public relations, and multimedia solutions units of Thomson Reuters Corp for $390 million

December 18, 2012 — Fusion DigiNet

The NASDAQ OMX Group is to acquire the Investor Relations, Public Relations and Multimedia Solutions businesses of Thomson Reuters for $390 million in cash. The businesses provide insight, analytics and communications solutions to more than 7,000 clients worldwide. They will be integrated into NASDAQ OMX Corporate Solutions.

“In one acquisition, we accelerate and achieve our Corporate Solutions long-term objectives, while maintaining our balanced strategy of delivering value to shareholders,” said Bob Greifeld, Chief Executive Officer, NASDAQ OMX.

“We believe that NASDAQ OMX is the ideal fit for our Investor Relations, Public Relations and Multimedia Solutions businesses,” said Michael Cotter, Global Managing Director of Corporate Services, Thomson Reuters.

The deal is expected to close in the first half of 2013

USA, New York, NY

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Elsevier Announces its Acquisition of the Journal of Choice Modelling

December 17, 2012 — Fusion DigiNet

elsevierElsevier has acquired the Journal of Choice Modelling (JOCM). Terms of the deal were not disclosed.

JOCM was founded in 2008 by its editors, Stephane Hess and John Rose, who will remain in charge after the transfer to Elsevier.

The Journal of Choice Modelling publishes theoretical and applied papers in the field of choice modelling. The journal covers topics such as transport and marketing where the analysis of choice behaviour is a topic of interest. While it mainly focuses on the use of discrete choice models, other methods and survey design are also discussed.

Chris Pringle , Executive Publisher at Elsevier said, “Since the Journal of Choice Modelling‘s interests extend from transport into marketing, finance, environmental economics and beyond, its focus on choice modelling nicely complements our existing journals in both economics and transport, in a growth area which we wanted to represent more strongly in our list. JOCM and its editors have a track record of demonstrated success, and we are very happy to have the opportunity to add such a high quality journal to the Elsevier family.”

UK, Oxford & UK, Leeds

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TechTarget acquires LeMagIT

December 17, 2012 — Fusion DigiNet

TechTarget_Logo-TaglineTechTarget has acquired the websites and product offerings of LeMagIT, a strategic partner with TechTarget since 2010.

Since its launch in 2008, LeMagIT’s network of sites has offered French-language news and analysis for IT decision makers on core enterprise IT topics such as cloud computing, virtualization, security, and storage and attracts over 250,000 visits per month. The existing management and editorial team of LeMagIT, led by Chairman Eric Ochs, and Founder and Chief Operating Officer David Castaneira, will be remaining with the company and working with TechTarget to continue to grow its French business. Ochs was formerly CEO at IDG France, and Castaneira, formerly the Online Director at IDG France.

LeMagIT’s network includes LeMagIT.fr, StratégiesCloud.fr, as well as an IT white paper and webcast library, LesSourcesIT.fr.

“Our EMEA-based business continues to see very strong growth, and this acquisition is a further investment in our capabilities there,” said Greg Strakosch, CEO, TechTarget. “It is also a continuation of our strategy of having direct operations in the major markets across the world, giving our advertisers the ability to run integrated campaigns across multiple geographies.”

USA, Newton, MA & France, Paris

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QVC acquires Oodle

December 10, 2012 — Fusion DigiNet

QVC‘s wholly owned subsidiary California Voices is to acquire the assets of Oodle, Inc., the social commerce company that runs the Oodle Marketplace application on Facebook. The acquisition is expected to close by December 31, 2012. Terms of the deal were not disclosed. Oodle has raised $23 million in funding.

“The QVC shopping experience is fundamentally social in nature,” said Claire Watts, QVC U.S. CEO.  “With this acquisition, we can fuel our evolving social commerce experience.  Oodle brings a great team that shares our values and passion for creating a rich customer experience.”

See, CEO and co-founder of Oodle, Craig Donato’s blog announcement here.

USA, West Chester, PA

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MediaMath acquires mobile and video ad delivery platform Tap.Me

December 10, 2012 — Fusion DigiNet

mediamathMediaMath, a digital media-buying platform, has acquired mobile and video in-game ad platform Tap.Me.  The terms of the deal were not disclosed.  Tap.Me had raised in excess of $4M from investors including: Hyde Park Venture Partners, I2A Fund, Hyde Park Angels and Great Oaks Venture Capital.

“As marketers are increasingly turning their focus to mobile and video, Tap.Me has built technology that makes it easy for marketers to deliver their message in these environments,” said Joe Zawadzki, MediaMath CEO. “By adding their technology and brilliant engineering team, we’re building a better platform that gives advertisers the ability to buy across all digital marketing channels from one single platform.”

Tap.Me CEO Matt Spiegel joins MediaMath’s executive team as SVP and GM of Open, MediaMath’s business and technology environment for digital interoperability, and will oversee MediaMath’s operations in the Mid-West region.  The entire Tap.Me team will join MediaMath.

New York, NY & Chicago, IL

 

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Yahoo! acquires video chat company OnTheAir

December 10, 2012 — Fusion DigiNet

Reuters is reporting that, Yahoo! has acquired video chat company OnTheAir. Terms of the deal were not disclosed.

A Yahoo! spokeswoman said that Yahoo! had not plans to offer OnTheAir’s existing product, which lets Web users host live video conversations and was launched in March.

This is the second acquisition for Yahoo’s mobile group since Marissa Mayer became CEO earlier this year. In October, Yahoo! acquired Stamped, a New York-based mobile startup that allows consumers to share information about favorite restaurants and music on their smartphones.

Mayer, a former Google Inc executive, has said that her top priority is to create a coherent mobile strategy for Yahoo! and that she intends for at least half of the company’s technical workforce to be working on mobile products.

See the announcement at OnTheAir’s website here.

USA, Sunnydale, CA

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NewBay Media acquires Intent Media Limited

December 7, 2012 — Fusion DigiNet

New Bay IntentNewBay Media has acquired Intent Media. Intent, based in the U.K., produces business publications, websites and events within the entertainment, technology and leisure markets. Its brands include Pro Sound News Europe, TVB Europe, Installation, MCV, and ToyNews among many others.

NewBay, was formed in 2006 by the sale of United Business Media’s CMP Entertainment Media division. It is backed by The Wicks Group of Companies, www.wicksgroup.com a New York-based private equity

“Strategically, our plan has always included international expansion, and I am pleased that we were able to do this with a company that so perfectly complements our own portfolio and mission,” states Steve Palm, President and CEO, NewBay. “The addition of Intent immediately enhances our ability to serve the Broadcast, Pro Audio and AV markets. Further, Intent’s terrific team and operating platform open up new opportunities for global expansion of our powerful U.S. brands, as well as development of Intent’s market-leading Gaming, Music and Computer/Mobile Retailing brands into the U.S.”

Intent will operate in parallel to NewBay’s existing business. Stuart Dinsey, Intent’s Founder and Managing Director, will continue his role under the new ownership and will help manage NewBay’s European efforts, operating from Intent’s offices in Hertfordshire and London.

This is the sixth major acquisition of brands by NewBay in as many years, adding assets from United Business Media’s CMP Entertainment Media division in September 2006, from IMAS in July 2007, from Reed Business Information-US in December 2009, from Penton in February 2011, and from Future PLC in January 2012.

USA, New York, NY & UK, Hertford, Hertfordshire

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MyHeritage acquires Geni.com and raises $25m in new funding round

December 1, 2012 — Fusion DigiNet

MyHMyHeritage, the online family history network, has acquired Geni.com and closed a new USD$25M funding round led by Bessemer Venture Partners, with existing investors Index Ventures and Accel Partners also participating. Geni.com Founder David Sacks and BVP Partner Adam Fisher are joining the MyHeritage Board of Directors.

The purchase of Geni.com is the eighth and largest acquisition made by MyHeritage since the launch of its online family history network in 2005. It extends MyHeritage’s network to 72 million registered users, 1.5 billion profiles and 27 million family trees.

The new investment round will be used by MyHeritage to boost growth of its historical content services and expand commercial operations worldwide. In addition to acquiring significant record collections from Europe and rolling out global crowd-sourcing projects, the funds will enable MyHeritage to explore additional M&A opportunities and ramp up its international marketing operations. The latest funding round brings the total funds raised so far by MyHeritage to USD$49 million.

“Today’s news is a major turning-point for the family history industry, giving us significant new resources to extend our market leadership and deliver new value to families worldwide,” said Founder and CEO of MyHeritage, Gilad Japhet. “Well established as an innovative and social brand, Geni.com is a natural addition to MyHeritage and together we look forward to taking collaborative family history to new heights.”

Founded in 2007, Geni.com will continue to operate as a separate brand based out of its California office, which will also serve as the main engineering hub for MyHeritage in the US, alongside its main content offices in Utah. The entire staff at Geni.com will join the MyHeritage team.

The services of MyHeritage and Geni.com will initially run independently. MyHeritage plans to give respective users the option to collaborate on family history research by enabling two-way information flows between the sites that will facilitate new family discoveries and provide greater value to the users of both services.

USA, Los Angeles, CA & Provo, UT& Israel, Tel Aviv

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Google acquires Incentive Targeting

December 1, 2012 — Fusion DigiNet

googleGoogle has acquired coupon targeting company Incentive Targeting. Terms of the deal have not been disclosed.

The acquisition was announced in a Tweet by Mike Dudas. Mike is on Google’s mobile commerce team. The Tweet reads, “Google acquires Incentive Targeting to power highly targeted manufacturer and private label coupon programs”

Here is the press release from Incentive Targeting:

We are excited to announce that Incentive Targeting has been acquired by Google!

When we founded Incentive Targeting in 2007, we set out to do for retail couponing what Google had done for online advertising: make it simple, relevant, measurable, and effective. So, it is both humbling and gratifying to be joining the ranks of the company that inspired our initial vision.

As part of Google, we will have the resources and expertise to continue the transformation of couponing from a way to give discounts to a way to build business. And, we can now work towards that vision as part of a company that improves the lives of hundreds of millions of people every day.

We didn’t reach this milestone alone. From day one, we have relied on the support and commitment of our retailers, brands, investors, partners, and advisors, as well as the hard work and dedication of our team. We could not have done this without them, and as we look ahead, we are thrilled to be part of Google!

– Ben, Josh, and the entire Incentive Targeting team

USA, Mountain View, CA & Cambridge, MA

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DMGT preliminary results – pre-tax profits up 64%

November 27, 2012 — Fusion DigiNet

Daily Mail and General Trust has reported its unaudited preliminary results for the year ended 30 September, 2012.

Total pre-tax profits rose 64% to £206.3 million. This included more than £100 million in charges and £150m in profits from disposals. Total revenues dropped by 1% to £1.96 billion.

MailOnline enjoyed a strong year of growth, recording a 74% increase in revenue to £28 million.

Northcliffe Media was the biggest surprise, contributing operating profit of £26 million (2011: £17 million) from revenues of £213 million (2011: £236 million).

Northcliffe Media, which is being sold to Local World venture, had reported a 37% fall in profits in 2011.

Martin Morgan, Chief Executive, said, “DMGT has delivered a good set of results in the 12 months to 30 September. Group adjusted pre-tax profits* rose by 10%. Our international B2B companies have increased their revenues and profits* by 7% and 8% respectively on an underlying# basis. Although our UK consumer businesses were impacted by challenging trading conditions, it was particularly pleasing that Associated was able to grow its revenues by 2% on an underlying# basis and that underlying# profits* for the consumer businesses rose 12% – reflecting greater productivity and efficiency linked to continued digitisation in that division.

We continued to refine our portfolio of businesses during the year with further acquisitions and disposals aimed at improving our long term growth potential. Today we are a more focused and financially stronger Group, leaving us well positioned for 2013 and beyond.”

Read the full announcement here.

UK, London

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