JanRain, a Provider of Online Identity and Customer Engagement Solutions, raises $3.25M

December 7, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-270
 
Business:  JanRain
Web:  http://www.janrain.com
Location:  USA, Portland, OR
Region:  North America
Business description:  Provider of online identity technology and customer engagement services
Category: Online Technology
Contact 1:  Brian Kissel, CEO
Contact 2:  Michael Graves, CTO
Contact 3:  Larry Drebes, VP of Engineering and Founder
 
Investors:  The financing was led by DFJ Frontier with participation from RPM Ventures and Anthem Venture Partners.
  
Round:  Round A
Amount raised:  $3,250,000
Participants:  3
 
Details:  JanRain has closed a $3.25 million Series A round of venture capital financing. In connection with the financing, David Cremin, a managing director of DFJ Frontier, Tony Grover, a managing director of RPM Ventures, and Samit Varma, a partner at Anthem Venture Partners, will join JanRain’s board of directors. The funds will be used to expand the company’s product offerings for website operators and platform partners as well as to grow the company’s sales and marketing efforts.

Link:  Press Release

Posted in ~North America. Leave a Comment »

TomTom is buying ilocal

December 7, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
ACQUISITION 
FDN Database Reference:  F231109-262
 
Acquirer:  iLocal
ACQ Web:  http://www.ilocal.nl/
Location:  Netherlands
Region:  Europe
Description:  Web-based listings service for Holland and Belgium – lists shops, professionals, products and brands in a local area
Category:  Directory 
 
Vendor:  Tom Tom
Vendor Web:  http://www.tomtom.com/
Location:  Netherlands, Amsterdam
Region:  Europe
Category: Satellite Navigation

Aprox. Value:  Undisclosed
 
Details:  TomTom is buying ilocal, a business directory in its native Holland that also operates in Belgium. No price disclosed.
 
Link: Press Release on Trading Markets

Posted in ~Europe. Leave a Comment »

Independent News & Media’s 49% of Verivox sold to Oakley Capital Private Equity for €18.3M

December 7, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
ACQUISITION 
FDN Database Reference:  F231109-261
 
Acquirer:  Independent News and Media – disposal of its 49% interest in Verivox Holdings Limited
ACQ Web:  http://www.verivox.de/
Location:  Germany, Berlin / Ireland, Dublin
Region:  Europe
Description:  Online price comparator for energy and telecom services
Category:  Price comparison
Contact 1:  Gavin O’Reilly, CEO Independent News & Media
Contact 2:  Vincent Crowley, Chief Operating Officer Independent News & Media
Contact 3:  Dónal Buggy, Chief operating officer Independent News & Media
 
Vendor:  VVX Investments Ltd, a wholly owned subsidiary of Oakley Capital Private Equity LP
Vendor Web:  http://www.oakleycapital.com
Location:  United Kingdom, London
Region:  Europe 
Category: Private Equity
 
Aprox. Value:  The Transaction will realise gross cash proceeds of €18.3 million, including repayment by Verivox to INM of a €2.3 million loan prior to 31 March, 2010, with an additional €1 million additional consideration payable in 2010 conditional on Verivox achieving targeted EBITDA for 2009. The initial net proceeds of the Transaction will be approximately €16 million and will be used to pay down senior debt. The remaining net proceeds of €2.3 million will be received during 2010 assuming certain conditions are met.
 
Details:  Independent News & Media PLC has completed the disposal of its 49% interest in Verivox Holdings Limited a German online price comparator for energy and telecom services, to VVX Investments Ltd, a wholly owned subsidiary of Oakley Capital Private Equity LP.

The completion of the disposal of Verivox, together with that of INM Outdoor (expected to occur this month) will bring the total proceeds raised from disposals by INM in 2009 to approximately €150 million, fulfilling the target originally set out by the Company earlier this year to raise that amount for deleveraging purposes by means of the divestiture of non-strategic core assets or of those assets whose disposal will not impact adversely on the existing operating divisions.

This disposal strategy, together with the anticipated completion later this month of the Group’s Restructuring allows the INM Group to retain the global diversity and strong multi-media mix of the Group, while providing a stable and secure financial platform, with a combined €350 million reduction in debt, from which to leverage the Group’s businesses as economic conditions recover.

Consolidated profit before tax of the Verivox Group for the year ended 31 December 2008 was €87,000. The gross assets of the Verivox Group as at 31 December 2008 were approximately €27.5 million.
 
Link: London Stock Exchange

Posted in ~Europe. Leave a Comment »

Financial services technology company Clear2Pay NV raises $50M

December 7, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

FUND RAISING 
Database Reference:  F231109-269
 
Business:  Cler2Pay NV
Web:  http://www.clear2pay.com
Location:  Belgium, Brussels
Region:  Europe
Business description:  A financial services technology company that delivers global solutions for secure and timely electronic payments
Category: Technology: Financial Services
Contact 1:  Michel Akkermans, Chairman and CEO of Clear2Pay
Contact 2:  Jurgen Ingels, Clear2Pay Co-founder and CFO
Investors:  Aquiline Capital Partners LLC (“Aquiline”)
Contact:  Jeff Greenberg, Chief Executive of Aquiline 
 
Amount raised:  $50,000,000
 
Details:  Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in the financial services sector has led an investment round in Clear2Pay NV (“Clear2Pay”), a financial services technology company that delivers global solutions for secure and timely electronic payments. The investment, which also includes funds from current Clear2Pay investors, will provide the company with €50 million to fund its next stage of growth and potential strategic acquisitions.

Link:  Press Release

Posted in ~Europe. Leave a Comment »

Mobile network equipment maker Movik Networks raises $8.5 million

December 7, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

FUND RAISING 
Database Reference:  F231109-268
 
Business:  Movik Networks
Web:  http://www.movik.com
Location:  USA, Littleton, MA
Region:  North America
Business description:  Delivers purpose-built solutions that bring content and application awareness to the edge of the mobile network.
Category: Mobile
Contact 1:  Ramji Raghavan, founder and CEO
Contact 2:  Ram Krishnan, PhD, Founder/VP of Product Management
Contact 3:  John Calcio, Founder/VP of Business Development
  
Investors:  Includes Highland Capital Partners and North Bridge Venture Partners. Sean Dalton of Highland and Ed Anderson of NBVP sit on the Movik board of directors.

Round:  Round B
Amount raised:  $8,500,000
 
 
Details:  Mobile network equipment maker Movik Networks Inc. has brought in $8.5 million in its second round of funding, according to a SEC filing. Highland and North Bridge were the investors in Movik’s last round in February of 2008, when the company raised $7.5 million.

Link:  Mass High tech

Posted in ~North America. Leave a Comment »

H.I.G. Ventures invests in online advertising services company Triad Digital Media

December 6, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-267
 
Business:  Trad Digital Media
Web:  http://www.triaddigital.com
Location:  USA, Tampa, FL
Region:  North America
Business description:  Creates, manages and operates online media programs for leading retailer and e-commerce websites.
Category: Technology Services: Retail
Contact 1:  Greg Murtagh, CEO and Founder
Contact 2:  Roger Berdusco, President and COO
  
Investors:  HIG Ventures: John Kim, Managing Director, 305-379-2322 jkim@higventures.com:

Amount raised:  Undisclosed 
 
Details:  H.I.G. Ventures has completed a significant growth capital investment (undisclosed amouny) in Triad Digital Media a Tampa, FL- based online advertising services company.
Links:  Trad Digital Media Press Release:   HIG Ventures Press Release

Posted in ~North America. Leave a Comment »

Video marketing firm VisibleGains raised $2 million in funding

December 6, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-266
 
Business:  VisibleGains
Web:  http://www.visiblegains.com
Location:  USA, Waltham, MA
Region:  North America
Business description:  Video marketing firm
Category: Video: B2B
Contact 1:  Clifford M. Pollan, President and CEO
Contact 2:  Matt Kaplan, Vice President Marketing and Chief Strategy Officer
 
Investors:  From existing investors including BlueCrest Capital Finance, Castile Ventures, CommonAngels, and others.
 
Amount raised:  $2,000,000
 
Details:  VisibleGains raised $2 million in funding, according to an SEC filing. paidConent reports that the company has raised around $23 million in total, including a $3 million round of debt in April 2008.

Link:  Regulatory Filing

Posted in ~North America. Leave a Comment »

Google is acquiring AppJet, the small startup that builds the popular collaboration tool EtherPad

December 4, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
ACQUISITION 
FDN Database Reference:  F231109-260
 
Acquirer:  Google
ACQ Web:  http://www.google.com
Location:  USA, California
Region:  North Amerca
Description:  Internet search, e-mail, online mapping, office productivity, social networking, video sharing
Category:  Search
 
Vendor:  AppJet
Vendor Web:  http://appjet.com
Location:  USA, San Francisco, CA
Region:  North America
Description:  AppJet is the company and technology behind EtherPad, the popular online collaborative word processor.
Category: Web Tecchnology
Contact 1:  CEO Aaron Iba,
Contact 2:  CTO J.D. Zamfirescu
Contact 3:  COO Daniel Clemens

Aprox. Value:  According to TechCrunch the acquisition price is apparently in the low eight figures 
 
Details:  Google is acquiring AppJet, the small startup that builds the popular collaboration tool EtherPad. The AppJet team is joining the Google Wave team. AppJet had raised just over $700,000 in funding.
 
Link: Blog announcement

Posted in ~North America. Leave a Comment »

Xinhua Sports & Entertainment Limited to acquire NuCom Online Corporation

December 4, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

ACQUISITION 
FDN Database Reference:  F231109-259
 
Acquirer:  Xinhua Sports & Entertainment Limited
ACQ Web:  http://www.xsel.com/en/
Location:  China, Beijing
Region:  Asia
Description:  Sports and entertainment media company in China,
Category:  Media
Contact 1:  Ms. Fredy Bush, CEO
Contact 2:  Tina Ju, Managing Partner of KPCB China  
 
Vendor:  NuCom Online Corporation
Vendor Web:  http://www.nubb.com
Location:  China, Beijing
Region:  Asia
Description:  A leading sports media company. NuBB provides broadband sports content, including live and delayed NBA games and highlights, and has one of the largest online sports communities in China with over 8 million registered users, 1.5 million average daily click-thru of video highlights, and over 15 million monthly unique visitors.
Category: Media
Contact:  Mr. Allen Hsu will join XSEL as a new independent director of the board
 
Aprox. Value:  NuCom is valued at US$27.6 million. XSEL will issue approximately 8.5 million American depositary shares, (or “ADS”) valued at US$1.83 per ADS.  An additional 6.6 million ADS will be issued only if NuBB achieves certain revenue targets for 2010 and 2011.  Management believes NuBB may generate average annual net income of US$2.3 million for the period between 2010 to 2012.
 
Details:  Xinhua Sports & Entertainment Limited (NASDAQ:XSEL; “XSEL”) has entered into an agreement to acquire NuCom Online Corporation (“NuCom”). As a result of the transaction, shareholders of NuCom including KPCB China will become shareholders of XSEL.
 
Link: Press Release

Posted in Broadcasting, Content Media, Internet Media, ~Asia. Leave a Comment »

Xinhua Sports & Entertainment Limited to acquire China Sports Media

December 4, 2009 — Fusion DigiNet

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

ACQUISITION 
FDN Database Reference:  F231109-258
 
Acquirer:  Xinhua Sports & Entertainment Limited
ACQ Web:  http://www.xsel.com/en/
Location:  China, Beijing
Region:  Asia
Description:  Sports and entertainment media company in China,
Category:  Media
Contact:  Ms. Fredy Bush, CEO
 
Vendor:  China Sports Media
Location:  China, Beijing
Region:  Asia
Description:  China’s leading sports media rights distributor. CSM has popular domestic, Asia, and other content including the China Basketball Association (CBA), China Soccer League (CSL), AFC Champions League, Soccer’s World Cup Qualifiers, AFC Asian Cup, Mission Hills Golf World Cup, FIFA Club World Cup, FIVB Volleyball World Championships and others.
Category: Media
Contact 1:  Li Yi Dong, CEO
Contact 2:  Mr. LC Chang, a shareholder and director (will become President of XSEL, reporting to Fredy Bush, CEO)
 
Aprox. Value:  Under the terms of the transaction, CSM is valued at US$15.5 million, of which US$10.5 million will be paid in the form of approximately 5.7 million American depositary shares, (or “ADS”) valued at US$1.83 per ADS and US$5 million in cash. Management believes that CSM may generate average annual net income of US$3.3 million for the period from 2010 to 2012.
 
Details:  Xinhua Sports & Entertainment Limited (NASDAQ:XSEL; “XSEL”), a leading sports and entertainment media company in China, announced today that it has entered into an agreement to acquire China Sports Media (“CSM”), China’s leading sports media rights distributor.
 
Link: Press Release

Posted in ~Asia. Leave a Comment »
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