SAY Media Acquires ReadWriteWeb

December 15, 2011 — Fusion DigiNet

SAY Media has acquired ReadWriteWeb. Terms of the deal were not disclosed. However, according to TechCrunch Say Media paid around $5 million.

Founder and editor-in-chief Richard MacManus will continue to lead ReadWriteWeb as part of SAY Media’s editorial team. In addition to ReadWriteWeb’s current staff, new writers will contribute to the technology publication, starting with Dan Frommer, founder and editor-in-chief of SplatF, who will serve as editor-at-large.

“ReadWriteWeb has established itself as a leading news and analysis source for the tech community, reaching high-level business influencers and decision makers. Its editorial team is frequently sourced and considered to be one of the best in the business,” said Matt Sanchez, CEO, SAY Media. “As we looked to acquire a property that would further strengthen our technology channel, ReadWriteWeb naturally rose to the top of the list. Richard and his team are extremely passionate about the content they create and have worked very hard to develop a deeply engaged and informed community of tech enthusiasts.”

As part of SAY Media’s portfolio of owned and operated media properties, ReadWriteWeb will take advantage of the Say Media’s proprietary technology platform, experienced ad sales team, and design expertise to scale its business to reach more technology enthusiasts and decision-makers. This acquisition will strengthen SAY’s Tech channel offering. Current sites in SAY Media’s Tech channel include: Android and Me, Gear Patrol, gdgt, SplatF, TechDirt and more.

USA, San Francisco, CA

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Trinity Consultants acquired by Gryphon

December 7, 2011 — Fusion DigiNet

Trinity Consultants, an international environmental consulting firm that specialises in industrial air quality issues, has recapitalised with financial partner Gryphon Investors, a San Francisco-based middle market private equity firm. Trinity management and employees maintained significant ownership in the transaction. Gryphon bought a controlling interest in the firm from Sentinel Capital Partners, majority owner since 2007. John E. (Jay) Hofmann, Trinity’s President/CEO since 2001, will remain at the helm.

According to Hofmann, “Trinity’s management team is confident that Gryphon will make an excellent partner going forward. From the beginning, we were impressed by how well they understood our business and supported our growth objectives.”

Trinity Consultants was advised by investment banking firm MHT Partners. Gryphon was advised by investment banking firm Lincoln International.

USA, Dallas, TX

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Wolters Kluwer Health acquires Medknow

December 7, 2011 — Fusion DigiNet

Wolters Kluwer Health has acquired Medknow PVT Ltd., a Scientific, Technical & Medical journal publishing operation headquartered in Mumbai, India and one of the largest open access publishers in the world. Terms of the deal were not disclosed.

“Research is changing in the developing world with clinicians and researchers looking for more access to locally-written content that is peer-reviewed and accessible via open platforms,” said Karen Abramson, President & CEO, Wolters Kluwer Health, Medical Research. “Our acquisition of Medknow aligns with our strategy of continuing to invest in providing the latest, most trusted information to our customers around the world to help them fuel discoveries and enhance patient care.”

Founded in 1977, Medknow has a strong portfolio of more than 155 journals and offers much of its content electronically. The company has strong market share among journals published in India and also has a growing presence in Asia Pacific and the MEA region. In addition to its print and electronic journal content, the company provides an electronic peer-review system for authors and editors, ensuring high quality clinical research. The deal will enable Wolters Kluwer Health to accelerate advances in the open access arena. It also furthers the company’s growth strategy of continued investment in international expansion in key emerging markets across the globe.

USA, Philadelphia, PA & India, Mumbai

 

 

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Mingle acquires Affinity Circles

December 7, 2011 — Fusion DigiNet

Mingle, a career-focused software and services company and parent company of Climber.com, has acquired Affinity Circles, an affinity group-focused recruiting network based in Sunnyvale, Calif. Climber.com provides professionals hands-on, proactive career management and access to hundreds of thousands of recruiters. The transaction was completed on November 18, and is a merger deal with Climber.com buying shares of existing shareholders. Affinity Circles will be a wholly owned subsidiary of Mingle LLC.

“Adding Affinity Circles to the Climber.com network allows us to reach millions of talented professionals looking for career opportunities in the high-paying category,” said Michael C. O’Brien, CEO of Mingle LLC. “Our recruiters and clients will now be able to target potential hires by campus, location, specialty and other affinity groups to reach a highly desirable group of job seekers.”

Affinity Circles began in 2002 as a way for Stanford University students to stay in touch with their friends and colleagues. What quickly developed was the Web’s first private and completely secure online social network.

USA, San Diego, CA

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ePals to acquire Cricket Magazine Group, Cobblestone Publishing and Open Court Publishing

December 7, 2011 — Fusion DigiNet

ePals Corporation is to acquire Carus Publishing Company in a combined cash and stock transaction. Carus Publishing Company includes the Cricket Magazine Group, Cobblestone Publishing and Open Court Publishing. Carus also publishes 14 magazine titles on a variety of subjects (fiction, science, history, culture), hundreds of books and a collection of Web and mobile applications.

The acquisition of Carus accelerates ePals’ entrance into the home subscription market by adding Carus’ subscriber base of more than 300,000 grandparents, parents and extended family members, as well as a broad array of publications for children across a variety of subjects.

Carus Publishing Company,  The acquisition will add to ePals:

  • significant gross revenue which in 2010 was approximately US$16 million with EBITDA of nearly US$1 million and a net loss of approximately US$270,000;
  • more than 300,000 consumer subscriptions (approximately 70% from grandparents) and approximately 80,000 institutional subscriptions;
  • customer relationships with an estimated 30% of US middle schools and 3800 libraries;
  • a recipient of 65 Parents’ Choice awards and more than half of all International Reading Association, Paul A. Witty awards ever given;
  • mobile applications, including Carus’ Ladybug App; and
  • a licensing business in China for three localised Chinese publications based on Carus content.

“Since public listing four months ago, we have focused on launching LearningSpace 2.0 to enable schools to build safe learning communities as part of their K-12 cloud solutions, announced integration of Microsoft Office365 and GoogleDocs into our learning communities so that teachers can let their students use state of the art tools in a safe and secure manner, and launched major initiatives to establish ePals China and ePals Europe,” said Miles Gilburne, Chairman and CEO of ePals.

USA, Washington, DC & Chicago, IL

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CompareNetworks acquires Russell Publishing

December 7, 2011 — Fusion DigiNet

CompareNetworks a provider of online B2B marketplaces for the scientific and healthcare industries, has acquired Russell Publishing. Russell Publishing’s titles include American Pharmaceutical Review, Pharmaceutical Outsourcing and International Drug Discovery.

“By merging world-class content from the Russell Publishing publications with CompareNetworks’ online product marketplaces, we will create the ultimate online resource for technology and product information in the life science industry,” said Brian Cowley, CEO of CompareNetworks.

The addition of the content from Russell Publishing will expand the pharmaceutical industry information offered on CompareNetworks’ sites. The assets of International Drug Discovery will complement Biocompare.com, the CompareNetworks vertical serving the life sciences. Assets from American Pharmaceutical Review and Pharmaceutical Outsourcing will enhance Drugdevcompare.com, which targets the drug development industry.

USA, San Francisco

 

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Siemens to acquire eMeter

December 6, 2011 — Fusion DigiNet

Siemens Industry is to acquire all of the stock of eMeter Corporation, headquartered inSan Mateo, California. The parties expect to close the deal in December 2011, subject to necessary approvals and customary closing conditions. The parties will not disclose the terms of the agreement.

eMeter will be part of the Smart Grid Division of the Siemens Infrastructure & Cities Sector, which is housed within Siemens Industry, Inc. in the United States.  eMeter will become a global business segment and center of competence for Meter Data Management, and  will continue to operate from its San Mateo headquarters as part of the Smart Grid Division.  eMeter employees will be integrated into the Siemens business structure. With the completion of this purchase, Siemens is making a strong commitment to strengthening its position in the Smart Grid market.

With its EnergyIP platform, eMeter is a leader in platform and MDM application software for this key market and is expected to enhance Siemens’ position. eMeter’s expertise will complement Siemens’ technology portfolio and integrated Smart Grid solutions offering.

“The acquisition of eMeter will allow Siemens to expand its reach globally in the Energy Information and Meter Data Management space,” said Jan Mrosik, CEO of the Smart Grid Division of the Siemens Infrastructure & Cities Sector. “Ever-increasing demand for solutions to improve the effectiveness of the Smart Grid for cities and utilities makes this acquisition even more important. eMeter is renowned for its superior software and services capabilities that enable electric, gas and water utilities to realize the full benefits of the Smart Grid. A combined portfolio of Siemens’ products and solutions and eMeter’s software represents a unique and complementary offering to our customers.”

“Siemens’ global reach and innovative products and services coupled with eMeter’s renowned EnergyIP platform, supports an aggressive growth strategy and further penetration into the Smart Grid market,” said Gary Bloom, CEO and president of eMeter. “I am confident Siemens will provide eMeter with the level of investment required in people, technology and operations to significantly strengthen our position in the market.”

J.P. Morgan served as financial advisor to eMeter in connection with this transaction.

USA, Atlanta, GA

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Glam Media completes Ning acquisition

December 6, 2011 — Fusion DigiNet

Glam Media has completed of the acquisition of Silicon Valley-based Ning, the online platform for building social web sites. Additionally, Ning co-founder and chairman, Marc Andreessen, has joined Glam Media’s board of directors.

USA, Brisbane, CA

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24/7 Real Media acquires digital video advertising company Panache

December 6, 2011 — Fusion DigiNet

24/7 Real Media, Inc., WPP’s marketing technology company, today announced its acquisition of Panache, a provider of digital video advertising fulfillment software and services.

“Panache’s technology capabilities and extensive selection of video ad formats are unmatched in the industry,” said David J. Moore, Founder, Chairman and Chief Executive Officer of 24/7 Real Media. “The addition of these assets to 24/7 Real Media’s robust offerings, will empower us to satisfy the large and growing appetite for video in the digital advertising marketplace.”

“24/7 Real Media is a respected leader in multiplatform ad management, targeting and analytics,” said Steve Robinson, President, Panache. “Our combined capabilities create opportunities to greatly boost video and advertising revenues for our clients across all formats and devices, while reducing their operating costs and increasing efficiencies. Any publisher serious about profitable video ad monetization needs to pause, put decisions on hold, and look at what our combined companies bring to the table.”

USA, New York, NY

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Hearst Corporation completes the acquisition of the majority of Hachette China operations

December 6, 2011 — Fusion DigiNet

Hearst Corporation has completed the acquisition of the majority of the Hachette China operations. The remaining operations, which include a joint venture with Marie Claire, are expected to conclude in the near future. This will mark the final portion of Hearst’s overall transaction with Lagardère SCA to acquire the company’s nearly 100 titles in 14 countries outside of France, including the U.S.

The acquisition includes most of Hachette’s magazine-related activities in China and oversight of seven titles, including global media superbrand ELLE, as well as Car and Driver, Woman’s Day andPsychologies.

In a joint statement, Hearst Corporation CEO Frank A. Bennack, Jr., and Duncan Edwards, president and CEO, Hearst Magazines International, said, “We’re very pleased to have finalized our acquisition in China and look forward to working with our Chinese publishing partners to produce great magazines and expand our existing portfolio of brands in this very important market.”

As a result of the transaction, Hachette China will change its name to Hearst Magazines China effective immediately.

USA, New York and China, Beijing

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