Experian acquires Passport Health Communications for $850M

November 6, 2013 — Fusion DigiNet

Experian, the global information services company, is acquiring Passport Health Communications, a  provider of data, analytics and software in the US healthcare payments market. The purchase price is $850 million. 

Founded in 1996, Passport Health is a data and software provider, with sales to over 2,500 hospitals in the US and more than 9,000 other healthcare providers. Its products are used by healthcare providers to manage payments between patients, commercial payers (such as insurance companies) and government programmes.

Passport Health’s revenues  are largely subscription based. The business has renewal rates of c. 95% and average contract duration of 3 to 5 years. In the year ending 31 December 2013, Passport Health is expected to generate revenue of US$121m, representing organic growth of 23%, and EBIT of US$30m. In the year ending 31 December 2014, Experian expects Passport Health revenue to reach approximately US$145m (of which 84% is already booked and contracted), with EBIT margins in the high twenties.

Don Robert, Chief Executive Officer of Experian, said, “Since entering the US healthcare payments market five years ago, we have steadily expanded our position through both organic investment and acquisition, and our business is growing strongly. We are now taking the next step and the acquisition of Passport Health will make us a clear leader in this high growth and attractive market. With our newly combined product range, we will offer our clients in the US healthcare industry a competitive one-stop-shop to manage risk and to satisfy their payments requirements. We are excited about the growth opportunities created by this combination and we greatly look forward to welcoming our new Passport Health colleagues to Experian once the transaction completes.”

Experian entered the healthcare payments market in 2008, with the acquisition of SearchAmerica, which focused on helping hospitals to manage their billings and cash flows. Experian further consolidated its position in 2011 with the acquisition of Medical Present Value, which extended its client footprint into physician practices and clinics and added new capabilities in insurance claims. Subsequently, Experian merged the two businesses to create Experian Healthcare, which in the year ending 31 March 2014 is expected to generate revenue of US$75m, with organic revenue growth in the mid-teens.

UK, Nottingham & USA, Franklin, TN

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i.TV acquires GetGlue

November 6, 2013 — Fusion DigiNet

i-tvi.TV, maker of mobile TV guide apps, has acquired GetGlue, the maker of the GetGlue app for TV, movies and sports. The terms of the deal were not disclosed.

getglue“GetGlue has built an impressive product with a highly engaged audience,” said i.TV CEO, Brad Pelo. “With over 4.5 million registered users, GetGlue delivers over 1 billion social impressions every month to 100 million unique Facebook and Twitter users. With this kind of reach, it’s no wonder more than 75 TV networks partner with GetGlue to engage with their fans, and 30 media companies integrate with the GetGlue API. i.TV’s own platform of second screen services power experiences for brands like Nintendo, AOL, Huffington Post, TELUS and i.TV’s own leading TV guide application. Together, i.TV and GetGlue will reshape the social TV and second screen landscape.”

i.TV will continue to build and grow GetGlue as an independent product, while enabling GetGlue to benefit from i.TV’s platform of partners and services. GetGlue will maintain its New York City presence.

In January 2013, DigiNet reported that an $80 million acquisition of GetGlue by Viggle had been terminated.

USA, New York, NY & Provo, UT

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DMGT acquires DIIG EUROPE for £75M

October 28, 2013 — Fusion DigiNet

dmg information, the business information division of DMGT, is to acquire DMGTDIIG EUROPE for £75 million, from Decision Insight Information Group, a portfolio company of the US private equity firm TPG Capital.

DIIG(E) is a UK and Ireland property searches group, primarily delivering residential and commercial property search results to legal professionals, and is based in Kent, England with additional offices in Edinburgh, Scotland and Dublin, Ireland. DIIG(E)’S business comprises SearchFlow Limited (England & Wales), Millar & Bryce Limited (Scotland), Rochford Brady Legal Services Limited (Ireland), Decision Insight Hub Limited and Decision First Limited.

The acquired businesses had revenues of £69 million and operating profit of £6 million for the year to 31 December 2012.

Suresh Kavan, CEO of dmgi, said: “Acquiring this group of outstanding companies will greatly increase our strategic reach at a time of great opportunity in the property information industry. We are delighted to welcome them to our portfolio of companies.”

UK, London & USA, Austin, TX

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AMC Networks to acquire Chellomedia from Liberty Global for $1BN

October 28, 2013 — Fusion DigiNet

amc networks AMC Networks, the owner and operator of a number of cable channels including AMC, IFC, Sundance Channel and WE tv and owner of hit shows such as Mad Men, Breaking Bad and The Walking Dead, is to acquire substantially all of Chellomedia, the international content division of Liberty Global, for approximately $1 billion. The transaction is expected to close in the first quarter of 2014.

The acquisition provides AMC Networks with an extensive array of television channels that are distributed to more than 390 million households in 138 countries.

chellomedia“Chellomedia has developed a remarkable portfolio of popular channels that reach hundreds of millions around the world. As AMC Networks has expanded internationally, we have had a great desire to do something we consider fundamentally strategic, which is to take our content and put it on channels we own. This acquisition allows us to secure a large, global platform on which to distribute our increasingly successful original programming through a collection of strong, well-established and well-managed assets worldwide,” said Josh Sapan, President and CEO of AMC Networks. “Together, we can grow these assets and make them even more popular and valuable around the world.”

The agreement includes the acquisition of Chellomedia’s operating businesses including: Chello Central Europe, Chello Latin America, Chello Multicanal, Chello Zone, the ad sales unit Atmedia and the broadcast solutions unit Chello DMC.

USA, New York

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Chime Communications to acquire Just Marketing

October 25, 2013 — Fusion DigiNet

chime2Chime, the international communications & sports marketing group, is to acquire JMI, a global marketing firm focused on motor sports, for a maximum consideration of $70.6 million (approximately £43.7 million). The acquisition will be part funded through a placing of 8,533,334 new ordinary shares to raise approximately £25.6 million.

JMI is a global marketing firm focused on motor sports, operating primarily in Formula 1, NASCAR and IndyCar. JMI provides long-term sponsorship management and activation strategies, together with services including large-scale hospitality events, rights sales, and digital and experiential marketing initiatives.

Zakary C. Brown, the founder and CEO of JMI, has relocated to London and, following completion of the Acquisition, will sit on the boards of both JMI and CSM Motorsport Limited (“CSM Motorsport”) (a newly incorporated wholly owned UK subsidiary of Chime) as President and CEO. It is intended that the JMI business will be operated as a separate division within CSM.

Commenting on the Acquisition, Christopher Satterthwaite, Chief Executive of Chime, said: “This acquisition will give us a strong foothold in the United States, one of the largest sports marketing markets in the world, and will accelerate Chime’s strategy of becoming a global leader in sports marketing.”

UK, London & USA, Indianapolis

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Shutterfly acquires BorrowLenses

October 24, 2013 — Fusion DigiNet

shutterflyShutterfly has acquired BorrowLenses, the  online marketplace for photographic and video equipment rentals. BorrowLenses’s Founders, Max Shevyakov and Mark Gurevich, will join Shutterfly Inc. The terms of the deal were not disclosed.

“BorrowLenses addresses the growing consumer demand for high-quality products and services that are delivered on demand without high up-front costs,” said Jeffrey Housenbold, president and CEO of Shutterfly. “BorrowLenses is a perfect addition to the Shutterfly Inc. family of lifestyle brands, as they are the premium provider in the photo equipment rental category and are passionate about helping their customers capture moments by providing them with best in class photography and video equipment.”

USA, Redwood, CA & San Carlos, CA

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8coupons acquires Android app Clipless

October 23, 2013 — Fusion DigiNet

8coupons-med8coupons, a hub and B2B platform for local deals, has acquired the Android app, Clipless, which seeks out and alerts shoppers when they are in close proximity of deals.

Founder and developer of Clipless, Michael Barnathan, has joined 8coupons full-time as Head of Mobile, leading development and strategy. In this role, Michael will oversee the rebrand of the Clipless Android app and relaunch of 8coupons’ iOS app with a new user interface, updated functionality, intelligence and content.

“Clipless is a perfect fit with 8coupons’ mission and has accelerated our mobile technology pipeline,” said 8coupons co-founder and CEO, Landy Ung. “We’re always looking to give customers a better experience and bring 8coupons closer to becoming their personal concierge for daily life.“

USA, New York

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Square 2 Marketing acquires two inbound marketing firms

October 22, 2013 — Fusion DigiNet

square-2-logoSquare 2 Marketing, an inbound marketing agency headquartered the United States, has acquired Elder Digital Marketing located in Beaconsfield, UK and Six Two Interactive, located in Bellevue, Washington.

Jonathan Elder, the founder of Elder Digital Marketing, will serve as the Regional Director in the UK office and will oversee all business development efforts in Europe, the Middle East and Asia. Jason Gilbert, founder of Six Two Interactive, will be the Regional Director in Square 2 Marketing’s West Coast office and will support the acquisition of new clients west of the Mississippi.

“We’re excited to join forces with these two guys, they are both bright and innovative inbound marketers, and adding them to our leadership team makes us a much stronger company,” said Mike Lieberman, President of Square 2 Marketing. “We are on a mission to be the largest and most successful inbound marketing agency and these two acquisitions move us in that direction. Now, we are positioned to provide their clients and prospects with our innovative inbound marketing services to drive leads and help them close sales.”

USA, Warrington, PA & UK, Buckinghamshire & USA, Bellevue, WA

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Amazon.com to acquire TenMarks

October 14, 2013 — Fusion DigiNet

amazon1Amazon.com is to acquire TenMarks, a company that offers personalised online math instruction and practice in a clear, manageable format for K-12 students. The terms of the deal were not disclosed. The acquisition is expected to close in the fourth quarter of 2013.

tenmarks“Amazon and TenMarks share the same passion for student learning. TenMarks’s award-winning math programs have been used by tens of thousands of schools and Amazon engages with millions of students around the world through our Kindle ecosystem,” said Dave Limp, Vice President, Amazon Kindle. “Together, Amazon and TenMarks intend to develop rich educational content and applications, across multiple platforms, that we think teachers, parents and students will love.”

USA, Seattle, WA

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Evidence.com acquires Familiar

October 14, 2013 — Fusion DigiNet

TASER International is to acquire Familiar, Inc. The Familiar team will be joining EVIDENCE.com, a business unit of TASER. The Familiar team will conduct research and development initiatives for mobility technologies in law enforcement, focused specifically on new revenue opportunities that align with the EVIDENCE.com platform strategy.

Marcus Womack, Familiar’s CEO, will join the EVIDENCE.com team as General Manager of Next Generation Products.  The terms of the deal were not disclosed.

Familiar, founded by Marcus Womack, Mike Bohlander, Ray Fortna and Josh Hepfer and backed by Greylock Partners, Index Ventures and Redpoint Ventures will be joining the EVIDENCE.com team to build secure and private next generation mobile technologies and cloud infrastructure for law enforcement and first responders.

“We are thrilled the Familiar team will be joining EVIDENCE.com,” said Jason Droege, President of EVIDENCE.com. “With the technology trend of mobility and video becoming essential to public safety agencies’ evidence workflow, the Familiar team’s experience moving video across mobile platforms will accelerate the execution of our mobile and cloud product strategy.”
“Making it easier for law enforcement to share and communicate information is at the core of the EVIDENCE.com service,” said Marcus Womack. “This fits naturally with Familiar’s experience building a secure and private network for sharing digital content among families. We are excited to join EVIDENCE.com because of their noble mission and the opportunity to build technologies that make communities safer.”

EVIDENCE.com will not continue to operate the Familiar service, but will deploy core technology components from their product into the future products they develop for the EVIDENCE.com platform. The Familiar team will be deployed to develop next generation products focusing on new revenue opportunities.

USA, Scottsdale, AZ

 

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