Wolters Kluwer Health completes the acquisition of Lexi-Comp

May 29, 2011 — Fusion DigiNet

Wolters Kluwer Health has completed the acquisition of Lexi-Comp, a leading provider of drug information and clinical content for pharmacists, clinicians and hospitals internationally. The intent to acquire Lexi-Comp was previously reported on Fusion DigiNet. The acquisition is the latest in a series of strategic acquisitions Wolters Kluwer Health has made in its Clinical Solutions business as part of the company’s strong focus on the point-of-care market.

Arvind Subramanian, President & CEO of Wolters Kluwer Health Clinical Solutions said, “This acquisition is very much aligned with our growth strategy of building out our strong portfolio of Clinical Decision Support (CDS) solutions to further our leadership position in the point-of-care market. This strategy will enable our customers to access leading clinical content, drug information for the retail and hospital pharmacies and innovative mobile offerings.”

Lexi-Comp provides services and content to nearly 1,500 hospitals internationally, has more than 1,700 drug monographs and is particularly strong in the area of mobile content for pharmacists and clinicians. To support and supplement effective clinician-patient interactions, Lexi-Comp also provides patient medication leaflets in 19 languages. The company is headquartered nearCleveland, Ohio and has approximately 150 employees.

Terms of the acquisition were not disclosed.

USA, Philadelphia, PA

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GameFly acquires Direct2Drive.com from IGN Entertainment

May 29, 2011 — Fusion DigiNet

GameFly, the online video game rental subscription service, has acquired IGN Entertainment‘s Direct2Drive.com (D2D), a digital distributer of video games. D2Dwill continue to offer PC and Mac titles for gamers to purchase and download digitally. As part of the transaction, IGN will gain a minority equity stake in GameFly, but will play no direct role in GameFly’s operations or governance.  News Corporation will take an observer seat on GameFly’s board. Terms of the deal are not disclosed.

“We’re very excited to bring the D2D team onboard at GameFly and expand our ability to deliver games to consumers,” saidDavid Hodess, CEO of GameFly. “Only GameFly can offer a complete library of physical and digital games for the PC, Mac and consoles in one place.”

“GameFly has been an innovator in the video games industry, and it continues to evolve with the expansion of its digital offering. We’re excited to continue working and partnering with GameFly moving forward,” said Jorge Espinel, EVP of Strategy and Corporate Development for News Corp. Digital Media Group and GameFly’s board observer.

USA, Los Angeles, CA

 

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Max Media Group to Acquire www.BB2Live.com and related assets

May 28, 2011 — Fusion DigiNet

Max Media Group has agreed to acquire control of the assets of www.BB2Live.com (“BB2”) and the company’s technology applications including Internet Radio Protocol, IPTV, VOIP and SMS text messaging. The Definitive Agreement also includes the acquisition of BB2’s film and music library, BB2’s approximate 15 million subscribers and BlackBook2.com (includes a complete social networking site as well as numerous unique URLs for future development). The acquisition is being acquired for debt and Preferred Stock.

Max Media sees this acquisition as not only a perfect fit to its current business model, but one that has added instant exponential growth to its revenue stream, content, service offerings, subscribers and user traffic. The BB2 acquisition positions Max Media as a social media content and revenue solution for its sites as well as existing internet sites and communities. Through BB2, the Company will offer a multitude of convenient, cutting edge and varied technologies – including email, live internet video exchange, video web chat, music streaming, movie streaming, video online telephony, conference calling, SMS texting and coupon cellphone delivery.

James Grady, President & CEO of Max Media Group, Inc., stated, “The magnitude of this acquisition to the future and growth of Max Media can not be underestimated. The potential revenue streams from the technology as well as the subscriber base of 15 million within the Max Media Network are unlimited. Our revenue and growth will be a function of how quickly we can implement the various revenue models that this acquisition presents.”

Grady continued, “Controlling our excitement and patience while launching these services, partnerships and advertising strategies will prove to be our biggest challenge. The 15 million subscribers are an untapped goldmine of demographics. If you look at the subscribers as a list of names, then all you have is a lead list. But within the Max Media model coupled with BB2 technology and all its components, this is a virtual annuity of revenue streams.” Various research groups have valued subscribers as high as $90 per in synergistic advertising campaigns.

USA, Palm Harbor, FL

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GigaOm Raises Another $6 Million At $40 Million+ Valuation

May 27, 2011 — Fusion DigiNet

TechCrunch is reporting that tech blog and research startup Giga Omni Media has raised another $6 million in venture capital, on top of the $8.33 million previously raised. New investor Reed Elsevier Ventures led the round, with participation from previous investors True Ventures andAlloy Ventures. Venky Harinarayan, founding partner of Cambrian Ventures and Rakesh Mathur, CEO and co-founder of Snapstick are also investors.

The rumored valuation of the company, according to TechCrunch sources, was over $40 million.

USA, San Francisco, CA

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TweetDeck acquired By Twitter

May 24, 2011 — Fusion DigiNet

Tweetdeck has been acquired by Twitter for a reported $40 million mix of cash and stock.

Iain Dodsworth, CEO of Tweetdeck, announced the acquisition on the official Tweet blob.

“I am extremely happy and proud to let you know that TweetDeck has been acquired by Twitter. We completed the deal on Tuesday and are now in the process of “joining the flock”.

The past three years have been an epic journey, with many highs and lows, accompanied by the constant thrill of never really knowing what to expect next. We’ve grown from one team member and a single user, to a team of fifteen and a user-base of millions. The reason for this growth is simple – our unwavering focus on providing high-quality tools and services for the Twitter-centric power-user. This has always been our core audience – the most active, influential and valuable users of Twitter and social media in general. Quality over quantity.

It is precisely for this reason that Twitter has acquired TweetDeck. The mainstream Twitter user-base is well catered for by twitter.com and the official mobile clients. And by becoming part of the official platform, TweetDeck will now fill that role for brands, influencers, the highly active and anyone that just needs “more power”.

Change may well be inevitable, but we remain the same team, staying in London, with the same focus and products, and now with the support and resources to allow us to grow and take on even bigger challenges.

I’d like to finish with a big thank-you to all our investors for their support and guidance over the past few years, especially Betaworks, TAG, SV Angel and PROfounders. And of course a huge congratulations to the whole TweetDeck team – I’m extremely proud of you and this is a huge win for us all.”

USA, San Francisco, CA & & UK, London

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Linkedin shares soar on opening

May 20, 2011 — Fusion DigiNet

Shares of LinkedIn Corporation, which priced its initial public offering of 7,840,000 shares to the public of $45 per share, soared at one point yesterday to $122.70, a rise of 172.7%. They closed at $94.25 up 109.4%.

In 2010, net revenue was $243.1 million, which represented an increase of 102% from 2009. In 2010, LinkedIn generated $15.4 million of net income and $48.0 million of adjusted EBITDA, which represented an increase of 487% and 227%, respectively, from 2009. For the three months ended March 31, 2011, net revenue was $93.9 million, which represented an increase of 110% from the three months ended March 31, 2010. For the three months ended March 31, 2011, LinkedIn generated $2.1 million of net income and $13.3 million of adjusted EBITDA, which represented an increase of 14% and 46%, respectively, from the three months ended March 31, 2010.

LinkedIn.com launched their webste in May 2003, and by the end of 2003 had 14 employees and over 78,000 members. In September 2004, LinkedIn began generating revenue on their website. They launched LinkedIn Jobs, which is currently a component of LinkedIn hiring solutions, and began generating revenue from it in March 2005. Later that year, LinkedIn launched their first premium subscription product and began generating revenue from it in August 2005. In March 2008, they launched LinkedIn Corporate Solutions, a key component of hiring solutions, further diversifying LinedIn’s sources of revenue. As of December 31, 2010, LinkedIn had 990 employees and over 90 million members. As of March 31, 2011, They had 1,288 employees and over 100 million members.

LinkedIn are headquartered in Mountain View, California. Their international headquarters is located in Dublin, Ireland. They have sales and marketing offices in Australia, Canada, France, India, the Netherlands and the United Kingdom. For 2010, 27% of net revenue was derived from customers located outside the United States. For the three months ended March 31, 2011, 31% of net revenue was derived from customers located outside the United States. LinkedIn expect the percentage of total net revenue derived from outside the United States to increase in future periods as they continue to expand international operations.

The bookrunning managers of the offering were Morgan Stanley & Co. Incorporated, BofA Merrill Lynch and J.P. Morgan Securities LLC. Allen & Company LLC and UBS Securities LLC are the co-managers. The stock is traded on the New York Stock Exchange (NYSE) under the symbol “LNKD.”

USA, Mountain View, CA

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Thomson Reuters acquires World-Check

May 19, 2011 — Fusion DigiNet

Thomson Reuters has acquired London-based World-Check, a leading global provider of financial crime and corruption prevention information. World-Check has around 500 employees based in 11 locations around the world. Terms of the deal were not disclosed.

Financial crime and corruption prevention is one of the fastest-growing areas of regulatory risk. Businesses are facing more risks – and scrutiny – than ever, and governments and regulators around the world are increasing the level of compliance and inspection, particularly around fraud, bribery and sanctions. World-Check provides information that profiles entities and individuals and is used in the due diligence processes of the international business community. More than 5,400 clients in over 150 countries, including 49 of the world’s top 50 banks, 200 enforcement and regulatory agencies, and 45 of the world’s top 100 corporations, rely on the World-Check database.

World-Check will be part of the Governance, Risk & Compliance (GRC) business of Thomson Reuters, which provides global financial institutions, corporations and law firms with the information and tools necessary to navigate today’s heightened regulatory landscape. Chief Executive Officer Dan Peak will continue to lead the World-Check executive team, and will report to David Craig, president, GRC.

“Growing our presence in the GRC sector is a key strategic priority for Thomson Reuters, and the addition of World-Check will extend our presence in the important and fast-growing financial crime and corruption prevention segment,” said Craig. Earlier this year, the company introduced Thomson Reuters Accelus – a comprehensive suite of information, software and services for professionals in compliance, audit, legal, mergers and acquisitions, and risk functions in an organization.

“Managing risk across the enterprise is a key concern for our customers,” said Thomas H. Glocer, chief executive officer of Thomson Reuters. “I’m pleased we have secured this excellent opportunity to reinvest some of the proceeds of our recently announced dispositions as we pursue our global growth strategy.”

“World-Check affirms and accelerates our commitment to deliver the information, software and services that help legal, compliance and risk professionals navigate an increasingly complex global risk and regulatory landscape,” said Jim Smith, chief executive officer, Thomson Reuters Professional Division. “World-Check is a leader in this sector, and we’re delighted that they are now part of the Thomson Reuters team.”

“I am really excited about the new opportunities presented by the combination of Thomson Reuters and World-Check, which will enhance our ability to deliver world-class information services to help prevent financial crime and corruption,” said Peak.

USA, New York, NY & UK, London

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Centaur Media PLC – Interim Management Statement

May 12, 2011 — Fusion DigiNet

Centaur Media plc, the specialist business publishing and information Group, today issues an interim management statement for the period from 24th February 2011 to date.

Highlights

Advertising

  • In the four months to 30th April 2011, advertising revenues grew 10%, compared to 17% growth in the first six months of the financial year.
  • Growth was led by digital advertising revenues which were 26% ahead in the four months, whilst print advertising grew 4% in the same period. Centaur’s strategy is to increase digital revenues to 50% of advertising revenues.

Events

  • Revenues 4% ahead of last year for the four months to 30th April 2011.
  • Centaur’s largest exhibitions, ran in the period, Business Travel Show and National Homebuilding & Renovating, delivered aggregate 8% revenue growth.

Centaur also plan to expand their share of paid content revenues from last year’s 21% to a third; and to increase their share of revenues derived from international revenues to 25%.

Actual figures were not given as this is the Interim report.

Centaur’s Interim Management Statement

UK, London

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Adconion Media Group raises £21M to support acquisition plans and general operations

May 12, 2011 — Fusion DigiNet

Adconion Media Group, one of the largest independent global audience and video content network, has secured nearly £21 million in financing from Silicon Valley Bank (SVB), the commercial banking division of SVB Financial Group (Nasdaq: SIVB) and financial partner to technology companies worldwide. The newly secured funds will be used to support both acquisition and working capital requirements to continue the global growth of the company.

Commenting on the deal Tyler Moebius, CEO of Adconion, said: “We have benefited from a great partnership with Silicon Valley Bank since early 2010 and we are pleased to have the opportunity to develop this relationship further. It is refreshing to work with a bank that understands how technology companies operate; a bank that is able to offer flexible financing solutions to service our international needs.”

USA, Santa Clara, CA & UK, London

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WebMediaBrands acquires Inside Network and its Social Media Research and Data Services, News Publications and Industry Conferences

May 12, 2011 — Fusion DigiNet

WebMediaBrands has acquired Inside Network.

Inside Network publishes the well-known blogs Inside Facebook, Inside Social Games and Inside Mobile Apps; industry-leading research services focused on the Facebook platform and social gaming ecosystem including Inside Facebook Gold, Inside Virtual Goods and Facebook Marketing Bible; AppData, a service used by developers, investors, marketers, and analysts interested in tracking application, or app, traffic on social platforms; and trade shows such as Inside Social Apps.

Justin Smith, founder of the Inside Network, will continue to operate the business and will become WebMediaBrands’ Vice President, Social Media and a member of its board of directors. Terms for the transaction included payment of $7.5 million in cash and 4,183,130 shares of the common stock of WebMediaBrands.

“Inside Network Inc. is a leader in covering the Facebook and social gaming ecosystem through reporting, research, and events,” stated Alan M. Meckler, Chairman and CEO of WebMediaBrands. “When combined with our leading social media blogs such as AllFacebook, SocialTimes, and AllTwitter, I believe that WebMediaBrands is now the leading source of news and information about Facebook, social gaming, Twitter, and social media. We plan to move aggressively with initiatives designed to grow our combined editorial, research, and events operations, as well as dramatically augment our online education coverage of social media and our job board presence in the social media arena,” added Meckler.

“WebMediaBrands has created a powerful platform for delivering news, research, education, and events to the social media industry,” said Justin Smith, Founder and CEO of Inside Network. Since our founding, Inside Network has always focused on providing the highest quality information, research, data, and events for the social app ecosystem. Combining our efforts should naturally enable us to move even faster to deliver products and services to this rapidly growing industry in multiple areas, including industry news and research, conferences and events, and job listings for the social and mobile application ecosystems.”

USA, New York, NY

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