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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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 Mastersaf

May 19, 2011 — Fusion DigiNet

Thomson Reuters has acquired Mastersaf, a provider of tax and accounting solutions for companies operating in Brazil. Terms of the deal were not disclosed.

Mastersaf offers a wide array of products and solutions including a tax and accounting compliance suite; E-invoicing software that facilitates digital registration and approval of invoices under Brazilian reporting regulations; and LegisCenter, an online information portal for tax rates and rules.

“The addition of Mastersaf is a key step in fulfilling our strategy to expand our professional services across Latin America,” said Gonzalo Lissarrague, president, Latin America for Thomson Reuters Professional Division. “We are pleased to welcome their exceptional management and staff to the Thomson Reuters family. Mastersaf also brings a highly valued and successful distribution network.”

In June DigiNet reported Thomson Reuters had acquired Revista dos Tribunais, also in Brazil.

Mastersaf’s LegisCenter information sets will be integrated into Revista dos Tribunais and Checkpoint.

USA, New York, NY & Brazil, Sao Paulo

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Publicis Groupe to acquire digital marketing agencies Rosetta

May 19, 2011 — Fusion DigiNet

Publicis Groupe is to acquire Rosetta Marketing Group. Rosetta is one of the largest and fastest-growing independent digital agencies in North America. Rosetta employs around 1,100 interactive marketing professionals throughout the United States and Canada. The transaction is expected to close during the second or third quarter of 2011.

Rosetta will operate as an autonomous, stand-alone brand within Publicis Groupe under the leadership of Rosetta’s founder & CEO Chris Kuenne, who will remain at the head of the agency, reporting to Jean-Yves Naouri, Chief Operating Officer of Publicis Groupe. The addition of Rosetta to its other digital businesses – which include Digitas, Razorfish and Publicis Modem – will bring Publicis Groupe’s annual revenue derived from digital activity to more than 30%.

Maurice Levy, Chairman & CEO of Publicis Groupe, commented, “The acquisition of Rosetta is a key next step in our strategy to become the ‘human, all digital agency group.’

France, Paris & USA, Princeton, NJ

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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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Walmart Global eCommerce invests in Yihaodian, an eCommerce Business in China

May 13, 2011 — Fusion DigiNet

Wal-Mart Stores is to acquire a minority stake in the holding company of Yihaodian, a fast-growing eCommerce company in China. The transaction is expected to close within 60 days.

Launched in July 2008, Yihaodian offers more than 75,000 SKUs and has achieved a significant position in online grocery sales, as well as in categories such as baby/Mom, consumer electronics and apparel.  With 2,000 employees and an existing logistics network based in Shanghai, Beijing, and Guangzhou, Yihaodian is serving a growing customer base with next-day delivery of essential daily items at competitive prices.

Eduardo Castro-Wright, vice chairman, Wal-Mart Stores, Inc. and CEO of Walmart Global eCommerce and Global Sourcing, said, “We are excited about this investment.  Online sales in China are growing rapidly and are projected to match U.S. online sales in the next few years.  By investing in Yihaodian, we’re continuing to establish a presence in this important eCommerce market, and are moving forward on fulfilling our aspiration of being the leading global multichannel retailer.”

Wan Ling Martello, executive vice president, Global eCommerce, Emerging Markets, said, “We are very impressed with Yihaodian’s strong management team, solid competence in distribution and outstanding service to their customers.  We have been equally impressed by the fact that their values are consistent with ours.  We very much look forward to working closely with them going forward.”

Gang Yu, co-founder chairman of Yihaodian, said, “We are very excited about Walmart’s investment in Yihaodian.  Walmart brings its global vision into our business. In addition, its supply chain excellence will help us gain a competitive edge in the eCommerce industry in China.”

USA, Bentonville, AR and China, Shanghai, Beijing, and Guangzhou

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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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