Dyn acquires website monitoring startup Verelo

dynDyn, a Internet Infrastructure as a Service (IaaS) business, has acquired Verelo, a Toronto-based startup that provides uptime and performance analytics, as well as malware detection and site health monitoring services.

Dyn does not intend on selling the Verelo services long term and instead will offer its performance-orientated tools as a free service to their customers and as a sales tool for prospects.

Verelo, founded in early 2012 by Andrew McGrath and Michael Curry, made its official public launch in June after graduating from Toronto’s Extreme Startups incubator program.

Verelo’s monitoring services allows customers to check their websites from multiple locations around the world. If downtime, database connection errors or other problems are detected, customers are notified by SMS, phone or email.

Dyn CEO Jeremy Hitchcock said, “Our mantra is ‘Uptime is the Bottom Line’ so we are always looking for great opportunities to prevent downtime,” said Hitchcock. “Acquiring Verelo allows us to offer more innovative services to our customers. We don’t want to just fix downtime. We want to prevent it.”

USA, Manchester, NH & Canada, Toronto

Rumour: Shutterfly to acquire ThisLife

this lifeTechCrunch is reporting a rumour that Shutterfly is to acquire online photo sharing and storage startup ThisLife an online photo storage and sharing service. The price is rumoured to be around $25 million.

This life raised $2.75 million seed funding in June 2012, led by Madrona Venture Group.

USA, Redwood City, CA

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BuzzFeed closes $19.3M series D funding

buzzfeedWeb social publisher BuzzFeed, has completed a Series D financing of $19.3 million led by NEA. Previous investors RRE, Hearst, SoftBank, and Lerer Ventures participated. Michael and Kass Lazerow, serial entrepreneurs and co-founders of Buddy Media, joined the round as new investors.

“We have the senior management, board, and investors we need to build the next great media company: socially native, tech enabled, with massive scale. We are all focused on that big goal and raised this capital to move even faster,” said Jonah Peretti, BuzzFeed Founder and CEO.

In December, the company passed 40 million unique monthly visitors (Google Analytics), with growth driven by social (Facebook, Twitter, Pinterest) and mobile (over one third of all BuzzFeed traffic). The company also grew revenue more than threefold in 2012, exclusively from content-driven, social advertising, and grew staff to 180 employees.

The company will use the capital to further mobile development, expand geographically, grow its editorial team, invest in video, and work on new initiatives that will be announced later in the year.

USA, New York

Adobe acquires creative social media platform Behance

adobeAdobe Systems Incorporated has acquired privately held Behance, an online social media platform that enables creatives to showcase and share their work.

According to TechCrunch, Adobe paid slightly more than $150 million in cash and stock, with certain growth goals to attain over multiple years.

“When we launched Creative Cloud earlier this year, we committed that we would give members new value on an ongoing basis.  Last week, we launched new training features, file synchronization and sharing capabilities, digital publishing services and significant updates to a number of our tools, including Photoshop,” said David Wadhwani, senior vice president and general manager, Adobe. “Behance will play a key role in Adobe’s efforts to serve the creative world in the years to come and will accelerate our efforts to enable a more open and collaborative creative behancecommunity.”

In the last 30 days, portfolios on Behance-powered sites have received over 90 million views and today there are over 3 million projects hosted on the Behance platform.

As well as providing a showcase for creative work across industries and disciplines, Behance also powers the portfolio display for thousands of other websites around the Web, including AdWeek, Rhode Island School of Design (RISD) and The Smithsonian National Design Awards. As Behance has grown, it has evolved into more than a destination that creatives use to forge connections. Behance has now become a place where creative professionals also find work and market their unique skills.

Adobe plans to integrate Behance’s community and portfolio capabilities with Adobe Creative Cloud, allowing members to seamlessly create content, seek feedback, showcase their work and distribute it across devices.

Further details

USA, San Jose, CA

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Thomson Reuters to acquire Practical Law Company

Thomson Reuters LogoThomson Reuters is to acquire Practical Law Company, the London-based provider of practical legal know-how and workflow tools to law firms and corporate law departments. Practical Law Company has more than 750 employees, with principal operations in London and New York, and will be part of the Legal business of Thomson Reuters. The acquisition is expected to close in the first quarter of 2013.

Terms of the deal were not disclosed. The Telegraph reported senior industry sources speculating that Thomson Reuters is likely to have paid between £200m and £300m given PLC employs 750 people and generated pre-tax profits of £18.1m on revenues of £48.2m in the year ending April 2011.

Practical Law Company, with its wide range of expert-authored, up-to-date practical legal resources and software tools, is seen as a PLCpowerful complement to the Thomson Reuters portfolio of respected legal software and information products including Westlaw, which offers the broadest and most comprehensive collection of primary and analytical content for legal professionals.

Commenting on today’s announcement, James C. Smith, chief executive officer of Thomson Reuters, said, “Practical Law Company will uniquely position Thomson Reuters to deliver a comprehensive suite of compelling productivity solutions that marry world-class legal information, expert know-how resources and software tools to help in-house lawyers and outside counsel respond to client demands to work faster and smarter.”

“The combination of Practical Law Company and Thomson Reuters will create unique capabilities for a legal market segment that has seen significant changes over the past several years,” continued Mr. Smith. “Quality and effectiveness have always been key to successful law firms and corporate legal departments. Efficiency has become equally critical. Together, we’ll provide a full range of resources and tools to help our customers deliver the best advice quickly and efficiently, keep on top of regulatory and market developments, and better control costs.”

Practical Law Company’s unique resources, such as its practice notes, standard documents, checklists and What’s Market tools, reflect the experience and insight of the company’s team of expert attorney editors, many of whom have worked at the world’s leading law firms and corporate legal departments. Their practical know-how covers a wide variety of practice areas in the U.S. and the UK, such as commercial, corporate, employment, intellectual property, finance and litigation, among others.

Robert Dow, Practical Law Company chairman and co-founder, said that this collection of expert know-how, which is updated continuously to reflect changes in law and practice, is highly respected and valued in the legal marketplace. With more than 100,000 lawyers worldwide accessing their materials, Practical Law Company’s subscribers include 96 percent of the top 200 UK law firms and 86 percent of UK FTSE 100 corporate legal departments, as well as 80 percent of the AmLaw 200 firms and more than 700 corporate legal departments in the U.S.

“We share many values with Thomson Reuters, most notably a passion for innovation in the legal marketplace and for providing lawyers with the best possible resources so that they can spend more time adding value to clients and less time reinventing the wheel,” Mr. Dow said. “We also share a commitment to helping our customers evolve to meet changing demands. We are delighted to be joining Thomson Reuters, and firmly believe that together we can create an integrated solution that changes how lawyers practice.”

USA, New York, NY & UK, London

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NYSE Euronext to be sold to IntercontinentalExchange

ICENYSE Euronext has agreed to be bought by IntercontinentalExchange (ICE), an operator of Internet based marketplaces. The acquisition will add to ICE’s current operation of energy and commodity contracts, and derivatives markets worldwide. In the deal, ICE is to pay $33.12 per share; a premium of 38% of its pre-announcement share price, with two thirds of this being paid in stock and one third in cash. NYSE Euronext shareholders will hold 36% of the stock in the new company after it closes. The deal is expected to close in the second half of 2013.

NYSE Euronext is the operator of many securities exchanges (most notably the New York Stock Exchange) and is currently headquartered in Lower Manhattan, New York City. The firm itself was formed in 2007 from a merger of NYSE Group and Euronext, following a merger of NYSE and Archipelago Holdings in the year prior. The firm’s share price has increased by 31% since the announcement.

ICE Chairman and CEO Jeffrey Sprecher will maintain his role in the new company, whilst NYSE Euronext chairman and CEO Duncan Niederauer will become president of the company.

The press release for the transaction states that “As a result of the transaction, ICE clearing will be more capital efficient and provide operational efficiencies for clearing members” and that “ICE is committed to preserving the NYSE Euronext brand.” The transaction is expected to be achieve earnings accretion of over 15%.

View the press release here.

USA, Atlanta, GA & USA, New York, NY

TC production company Tinopolis acquires Firecracker Films

tinopolisTinopolis, one of the UK’s largest independent TV production and distribution companies, has acquired Firecracker Films, a producer of factual and factual entertainment programming in the UK and US. The transaction follows quickly on the acquisition of Passion Distribution and further underpins Tinopolis’ strategy of widening its creative and geographical reach. Firecracker’s strengths in factual and popular factual programming are significant additions to Tinopolis’ portfolio of companies and programmes.

Firecracker was founded in 2002 by Mark Soldinger to focus on documentary programming with international sales potential and is firecracker-logonow one of the fastest growing factual and factual entertainment producers both in the UK and the US achieving organic revenue growth of over 150% in 2012. Firecracker works with all major broadcasters in the US and the UK and has created shows including Thelma’s Gypsy Girls (C4),The Daredevils (C4), Family Guns (Nat Geo), Unsafe Sex in the City (BBC3) and Last Chance Driving School (AETN) as well as one of Channel 4’s biggest rating hits of the last decade, Big Fat Gypsy Weddings and in the US, Big Fat American Gypsy Weddings (TLC). Firecracker is one of only a few UK Indies that has successfully organically expanded into the US and now generates as much turnover from the US as it does from the UK. Firecracker also has a valuable branded content division that produces innovative audio visual content directly for brands such as Diageo, Nissan, Heineken, Motorola and GSK.

Firecracker’s management and creative team will remain with the business and Mark Soldinger, CEO, Sue Oriel, Managing Director, Jes Wilkins, Head of Programmes, and Jeremy Groman, Creative Director will all become shareholders in the Tinopolis Group.

Tinopolis, which delisted from AIM in 2008 through a management buyout backed by private equity firm Vitruvian Partners, has grown its turnover from £50m in 2006 to over £130m today and developed into a global media company comprised of several leading independent businesses. The range of programmes produced extends to documentaries and factual, sport, comedy, flagship current affairs series, critically-acclaimed dramas and high rating entertainment formats, as well as human interest, history and science. Tinopolis is responsible for successful television shows such as Question Time, Traffic Cops, Hell’s Kitchen and the London Paralympic Games coverage.

Ron Jones, Executive Chairman of Tinopolis, commented: “In Firecracker we have acquired a company that is operating at the cutting edge of television on both sides of the Atlantic. Tinopolis continues to build a group of companies that has the range and financial strength to provide the best creative ideas to our customers around the world. Firecracker is an ideal partner for us. Its programmes are already sold in over 100 territories around the world and our distribution platform will help to support its continuing development.”

UK, Carmarthenshire & London

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Expedia to acquire majority of trivago

expediaExpedia is to acquire a 61.6% equity position in trivago, a metasearch company headquartered in Germany, for  €477 million including €434 million in cash as well as €43 million in Expedia  stock.

“The trivago team built one of the largest, fastest growing and most well known travel sites in Europe conducting more than 100 million hotel searches annually through a culture focused on developing great products, building a strong brand and promoting partners’ businesses. These attributes closely align with our Expedia, Inc. strategy and values and we are thrilled to have them join our portfolio,” said Dara Khosrowshahi , Expedia, Inc. President and Chief Executive Officer.

Founded seven years ago, trivago quickly grew into a consumer champion for hotel accommodation featuring comprehensive search results from over 600,000 hotels across over 140 booking sites in over 30 countries in 23 languages. Through its primarily cost-per-click revenue model, trivago profitably doubled revenue each year since 2008 and currently expects to deliver approximately €100 million in net revenue for 2012.

The deal is anticipated to close during the first half of 2013. Post close, the trivago co-founders and management team will continue to operate independently based out of trivago’s headquarters in Dusseldorf, Germany.

USA, Bellevue, WA & Germany, Dusseldorf

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Groupon acquires channel management provider CommerceInterface

Groupon has acquired CommerceInterface, a provider of web-based channel management technology that helps manufacturers, distributors and retailers succeed at managing their businesses and selling online. Terms of the deal were not disclosed.

Groupon has used CommerceInterface technology since April 2012 to streamline operations of the growing Groupon Goods platform and automate interactions with thousands of existing vendors. The acquisition enables Groupon to leverage infrastructure provided by CommerceInterface to support and optimise the Groupon Goods business around the world in 2013.

“CommerceInterface has proven to be an important piece of Groupon Goods infrastructure in the U.S., quickly and reliably streamlining the execution of orders and other vendor interactions,” said Faisal Masud, head of Groupon Goods. “We look forward to enhancing our abilities to better support merchants overseas beginning early next year.”

CommerceInterface will no longer service other retail channels and current customers will have the option to transition to other vendors over the next six months with migration support from the company.

USA, Chicago, IL

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Tribal Group acquires International Graduate Insight Group

TribalTribal Group, a provider of technology systems and solutions to the education, learning and training markets, is to acquire International Graduate Insight Group Limited (“i-graduate”), an education benchmarking and student experience research business.  The acquisition is expected to complete on 2 January 2013.

Tribal Group will pay n initial amount of £2.86 million on completion and up to a maximum of £7.5 million based on an earn out structure for the 3 year period ending 31 December 2015.  The unaudited profit before tax of International Graduate Insight Group Limited for the year ended 31 March 2012 was £423k and the value of gross assets at that time was £1,799k.

i-graduate is an independent benchmarking and analytics group, working in partnership with institutions and education organisations to provide evidence-based information on education experience and outcomes across higher education, further education and schools markets.  The business works with over 1,200 education institutions in 24 countries, receiving and analysing feedback from more than 1.3 million students of over 190 nationalities.  i-graduate will join Tribal’s Services business and will strengthen the Group’s evidence-based analytics offering.

i-graduate was founded in 2005 by Will and Lindsay Archer.  Will Archer will continue to lead the i-graduate business and will head up the integration of i-graduate’s offerings with Tribal’s existing financial benchmarking and analytic capabilities.

Tribal’s Chief Executive Officer, Keith Evans, commented: “Our strategic priority is to provide our customers with evidence based systems and solutions that will support the on-going improvement of educational outcomes.  Quantitative and qualitative technology based benchmarking and analytics is a cornerstone of the evidence base.  This acquisition will enable us to strengthen our capabilities in this exciting and emerging area, expands our product offering to our existing customers and provides increased access for our existing products to the i-graduate customer base, both in the UK and in our targeted international markets.”

UK, London