Glam Media acquires BBS Media

Glam Media has acquired brand advertising media company BBS Media (Boxer B-Scene Media) based in Canada. The acquisition creates the 5th international country media subsidiary for Glam. BBS Media’s co-founders, Mark Boxer and Brian Fields, will serve as VPs of Glam Media Canada, running publisher and brand-advertising sales, and leading the BBS Media team.

BBS Media helps brands reach targeted audiences in Canada and has established relationships with many premium content providers including Harper’s Bazaar, YummyMummyClub.ca, Washington Post Digital, Forbes, Men’shealth.com, Big Lead Sports, Haven Home Media and others.

“BBS was founded to help advertisers more effectively engage with passionate consumer audiences across a range of lifestyle categories in Canada,” said Brian Fields, VP of Glam Media Canada. “Combining our intimate approach to building brand advertising online with Glam Media’s focus on premium content from journalists, authors and publishers, and their considerable resources and technology, will usher in the next generation of digital advertising solutions that promote stronger brand engagement in Canada.”

Canada, Toronto & USA, Brisbane, CA

The Carlyle Group acquires visual effects software developer The Foundry from Advent Venture Partners

Global alternative asset manager The Carlyle Group has acquired a significant majority stake in The Foundry Visionmongers, a developer of visual effects software, from Advent Venture Partners and other stakeholders. Falcon Investment Advisors has converted its current ownership in The Foundry into mezzanine notes in support of the acquisition. The founders and management will continue to retain a significant minority stake. Equity for the investment will come from Carlyle Europe Technology Partners (CETP) II, a €530 million fund that closed in November 2008. Financial terms of the transaction were not disclosed.

Headquartered in London with offices in Los Angeles, The Foundry has around 100 employees and 2010 revenues of £14.9 million. The company has established itself as a technology partner to the major feature film studios and post production houses in the US and UK. The Foundry’s products have been used to make movies such as Avatar, Tron: Legacy, Alice in Wonderland, The King’s Speech, 127 Hours and Black Swan.

Carlyle will support The Foundry’s expansion and invest to develop their specialised product offerings. Furthermore, this investment will facilitate the company’s diversification into other adjacent market arenas as the product range continues to evolve and grow.

Arma Partners acted as financial advisors and Morrison & Foerster LLP acted as legal advisors to The Foundry. Carlyle was advised by Travers Smith LLP. The Foundry management were represented by Clark Holt.

UK, London

 

MMAX Media merges With Hyperlocal Marketing

MMAX Media has merged with Hyperlocal Marketing, an early stage location based mobile marketing company.  In conjunction with the merger, MMAX Media received private funding of $250,000.

According to Ed Cespedes, Chairman and CEO of MMAX Media, “We will now focus MMAX on the rapidly developing opportunities presented by the broad and constant access to the Internet from virtually everywhere.  Whether accessing the Internet on desktop computers or from mobile devices, vast numbers of consumers are always ‘online.’  We believe this ‘always on’ dynamic provides for significant marketing opportunities.”

Mr. Cespedes continued, “Specifically, MMAX plans to launch beta testing of its SOCIAL INCOME product known as “PAYMEON” in the coming weeks.  The constant access to the Internet and the powerful social networking tools available to consumers have proliferated recommendations and referrals of “deals” across the Internet.  Deal sites have grown significantly as consumers “pass on” deals that they like.  Our philosophy is simple:  we believe that consumers should be paid – in cash – for all the work they do to create successful referrals.”

USA, Florida, Fort Lauderdale

WebMediaBrands’ Mediabistro acquires FacebookMarketing.de

Mediabistro.com (a division of WebMediaBrands) has acquired the assets of the blog FacebookMarketing.de from Philipp Roth and Jens Wiese of Munich, Germany. FacebookMarketing.de concentrates on news and analysis of the fast-developing use of Facebook marketing in Germany, Switzerland, and Austria. Mediabistro will include FacebookMarketing.de as part of its AllFacebook.com blog and change the name of FacebookMarketing.de to AllFacebook.de.

Financial terms were not disclosed. Philipp Roth and Jens Wiese will continue managing and blogging for AllFacebook.de.

USA, New York, NY & Germany, Munich

Related articles:

 

Takeaway ordering service Just-Eat raises $48 million

London based Just-Eat, the takeaway ordering service, has closed a financing round of $48m co-led by two leading venture capitalists, Greylock Partners and Redpoint Ventures with substantial support from existing investor Index Ventures.

The investment will be used to accelerate Just-Eat’s international roll-out and further develop the consumer web offering and range of services provided to partner restaurants. Just-Eat is currently represented in ten countries, across three continents and works with over 15,000 restaurants. The Company says it will generate over $500m of revenue for local businesses in 2011.

Commenting on the investment, Klaus Nyengaard, Chief Executive Officer of Just-Eat said: “Just-Eat is takeaway the smart way. Our restaurant partners get to tap-in to the exploding e-commerce market and consumers can conveniently access a wide choice of restaurants both online and via their mobiles. The investment allows us to keep pace with hungry customer demand across planet Earth and beyond. We welcome the support of our new investors in building the global champion in the category.”

UK, London

Google buys video quality technology company Green Parrot Pictures

From the Google Blog.

Today, we’re pleased to announce we’ve acquired Green Parrot Pictures, a digital video technology company founded by Associate Professor Anil Kokaram at the Engineering School of Trinity College in Dublin, Ireland. In the last six years, their small team of engineers has built cutting-edge video quality improvement technology that has been used in major studio productions from Lord of the Rings to X-Men to Spider-Man. Their technology helps make videos look better while at the same time using less bandwidth and improving playback speed. If you’re interested in seeing some of the incredible work Green Parrot Pictures has previously done, check out some of the videos on their website.

With the equivalent of over 170,000 full-length movies uploaded to YouTube every week, the team’s experience in this area — working on solutions for both video consumers and experts alike — will be a source of new ideas and further innovation at YouTube and across Google. We look forward to working with them to make the videos you upload every minute of every day to our site look even better.

Jeremy Doig, Director, Google Video Technology

Ireland, Dublin

Related articles:

 

Perform Group to float on the main market of the London Stock Exchange

Perform Group, a digital sports media company, is planning to float on the main market of the London Stock Exchange.

The Offer will have a primary and secondary component in order to achieve a minimum free float of 25%, producing a company valuation of approximately £500 million. The primary proceeds, expected to be approximately £70 million, will principally be used both to accelerate PERFORM’s organic growth plans and to fund complementary strategic acquisitions.

The principal existing shareholders are current management and employees, who collectively own 40% of the Company, and Access Industries, a privately held U.S.-based industrial group, which holds 58% of the Company indirectly through a wholly owned subsidiary.
The Company has appointed Credit Suisse and Morgan Stanley as Joint Sponsors and Joint Global Co-ordinators of the Global Offer, with Credit Suisse, Morgan Stanley and UBS acting as Joint Bookrunners.

PERFORM is a global market leader in the commercialisation of multimedia sports content across multiple internet-enabled digital platforms and the owner of one of the largest portfolios of digital sports rights in the world. The Company is led by co-founders and Joint Chief Executive Officers, Oliver Slipper and Simon Denyer.  It generates revenues through four streams: content distribution, advertising & sponsorship, subscriptions and technology & production.

UK, London

SkyWeaver acquires envIO Networks

SkyWeaver, which enables search, discovery and advertising on the social web, has acquired the assets of envIO Networks.

envIO’s CEO, Manish Jha, will lead the combined company as President and CEO. Additionally, key members of envIO’s technology organization will join the SkyWeaver team.

“The envIO Networks assets will accelerate SkyWeaver’s mission — helping consumers, content owners and advertisers derive more value from the torrent of tweets, updates, and check-ins on the social web. envIO’s intellectual property portfolio, critically acclaimed products, proven and scalable technology platform, select business relationships, and engineering talent, will create a sustainable competitive advantage for SkyWeaver,” said Manish Jha.

“Social discovery, search and advertising represent the next frontier of growth on the internet. The combination of SkyWeaver and envIO assets, coupled with Manish’s experience, positions the company to win,” said Rob Soni. Rob, envIO board member, will join the SkyWeaver board as an observer.

USA, New York, NY

Pearson agrees to buy Education Development International

Pearson, the publisher of the Financial Times, has agreed to buy Education Development International. The Offer is 200 pence in cash for each EDI Share and values EDI’s entire issued ordinary share capital at approximately £112.7 million.

The Offer Price represents a premium of approximately 61 per cent to the Closing Price of 124.0 pence per EDI Share on 4March 2011, the last business day prior to the commencement of the offer period; and 73 per cent to the average Closing Price of 115.6 pence per EDI Share over the three months prior to 4 March 2011.

EDI is a leading provider of education and training qualifications and assessment services, with a strong reputation for the use of information technology to administer learning programmes and deliver on-screen assessments.

Pearson believes that the addition of EDI will complement Pearson’s existing work-based learning business and will create an enlarged qualifications group offering a comprehensive range of vocational and academic services to the UK and international markets. Pearson believes that its financial resources, international scale and strengths in assessment, publishing and technology will also enhance the offering to EDI’s customers.

John Fallon, Chief Executive of Pearson’s International Education Business, said, “In EDI we have found a dynamic partner who shares our commitment to education and training. In the UK and around the world, we will be even better placed to work with employers and training partners to develop high quality apprenticeships and related qualifications. In this work, we will help companies to be more competitive and make their staff more employable.”

Nigel Snook, Chief Executive of EDI, said, “The Offer Price to acquire the EDI business reflects the value created for shareholders over the past 10 years through the hard work and commitment of the staff and management team. We now look forward to working with our Pearson colleagues to take the business on to its next stage, creating a world-class organisation supporting vocational education and training programmes in the UK and internationally.”

Citi is acting as financial adviser and corporate broker to Pearson. Brewin Dolphin is acting as financial adviser and corporate broker to EDI.

UK, London

Related articles:

AOL is about to announce it’s acquiring hyperlocal veteran Outside.In

Business Insider is reporting that AOL is about to announce it’s acquiring hyperlocal veteran Outside.In. Business Insider, estimates the deal will be for less than $10 million.

Read the full story:

USA, New York, NY

Related articles: