IHS acquires Fekete Associates

April 8, 2013 — Fusion DigiNet

ihs_logo_mpInformation and analytics company IHS Inc. , has acquired Fekete Associates, a provider of integrated reservoir management software and services to the oil and gas industry. Terms of the deal were not disclosed.

“The acquisition of Fekete plays an important role in better supporting our customers as we continue to seamlessly connect IHS information and expertise with the right tools and technologies linked to key energy workflows,” said IHS Chairman and Chief Executive Officer Jerre Stead. “The products and services offered by Fekete build on existing IHS Energy solutions and provide new opportunity to expand Fekete offerings to a high-growth global energy marketplace.”

Fekete is a provider of integrated reservoir and production engineering tools and workflow solutions to the oil and natural gas exploration and production industry. Headquartered in Calgary, Alberta, Canada and with an office in Houston, the company’s digital solutions help customers find and develop new oil and gas reserves, and optimize production from new and existing assets by processing, analyzing, interpreting and modeling digital subsurface information.

“Combining Fekete workflow tools with IHS Energy information will create new efficiencies for customers and speed time to decisions in exploration and production. In a very dynamic global energy environment, providing integrated solutions that improve productivity and allow an even greater level of insight in making investment decisions is a great outcome for our customers and for IHS,” said IHS President and Chief Operating Officer Scott Key.

USA, Englewood, CO & Canada, Calgary, Alberta

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News Corporation sells stake in Phoenix Satellite Television Holdings

March 22, 2013 — Fusion DigiNet

News Corporation’s wholly-owned subsidiary Star Entertainment Holdings Limited is to sell an approximately 5.28 percent stake in Phoenix Satellite Television Holdings Limited for approximately $92 million. Following the sale, Star Entertainment Holdings Limited’s total ownership stake in Phoenix will be reduced to approximately 12.16 percent.

James Murdoch, Deputy Chief Operating Officer and Chairman and CEO, International, News Corporation, said, “Mr Liu Changle and Phoenix’s accomplishments in the media industry in China are remarkable. We believe the company’s strong position in all of the segments in which it operates, combined with the country’s robust consumer market, will continue to drive growth. Today’s sale is simply a part of our broader global agenda of simplifying our affiliate ownership structures.”

Hong Kong

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Go Daddy acquires M.dot

February 12, 2013 — Fusion DigiNet

mdotWeb hosting business Go Daddy, has acquired M.dot, a mobile app for small business website creation and management. Terms of the deal were not disclosed.

The M.dot app offers mobile website creation based on pre-loaded templates with easy-to-use custom features, such as store location, driving directions, tap-to-call, galleries, business hours and price lists, all in a user-interface designed for mobile device screens. It also includes a blog feature, which allows users to write and insert photos and video with rich text capabilities. It integrates with Facebook, Twitter, Flickr, YouTube and Dropbox.

“We’re pleased to welcome M.dot to our growing Go Daddy family,” said Go Daddy CEO Blake Irving, “M.dot’s global vision of a mobile future for small businesses fits beautifully with what our customers need right now.

M.dot was founded by Dominik Balogh and Pavel Serbajlo in June 2012. They have the backing of leading Silicon Valley investors including Floodgate, SV Angel and Archimedes Labs. The company will operate from Go Daddy’s Silicon Valley office.

USA, Sunnyvale, CA

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Liberty Global confirms acquisition of Virgin Media – Deal Terms

February 6, 2013 — Fusion DigiNet

Liberty Global have confirmed that they are to acquire Virgin Media in a cash & stock merger.

Deal Terms

  • Virgin Media 2012 results (unaudited)Virgin Media
  • Revenue $6.6 billion
  • OCF $2.7 billion
  • OCF margin 41%

Virgin Media shareholders will receive for each share:

  • $17.50 in cash
  • 0.2582 shares of Liberty Global Series A common stockLiberty-Global-logo
  • 0.1928 shares of Liberty Global Series C common stock

Valuation

  • $47.87 per Virgin Media share
  • 24% premium to closing price
  • Implied Virgin Media equity value of $16.0 billion & enterprise value of $23.3 billion
  • Represents 8.8x 2012 OCF multiple
  • Represents 7.0x 2013E OCF multiple, after adjusting for synergies & taxes
  • Accretive to Free Cash Flow

Ownership

  • Liberty Global shareholders expected to own 64%
  • Virgin Media shareholders expected to own 36%

Path to completion

The transaction is subject to majority LGI & Virgin Media shareholder votes, regulatory approvals & customary closing conditions. The deal is expected to close in Q2 2013.

For full details see the Virgin Media Investor Call Presentation here.

USa, Englewood, CO & UK, London

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Ipreco acquires Debtdomain

February 5, 2013 — Fusion DigiNet

ipreo-logoIpreo, a provider of market intelligence and productivity solutions to capital markets and corporate professionals, announced the acquisition of Debtdomain, a provider of web-based systems for loan syndication. Terms of the deal were not disclosed.

Debtdomain is a web-based system for managing the loan syndication process from pitch to agency. The solution covers deal setup, pipeline reporting, sole and joint bookrunning, and secure document distribution. Debtdomain also offers an investor CRM tool debtdomainpowered by a database of over 250,000 contacts, and integrated with bookrunning and deal sites. Debtdomain is used by over 150 leading loan market arrangers and agents. Debtdomain was founded in 2000 and has offices in New York, London, and Hong Kong.

The Debtdomain business will become part of Ipreo’s Capital Markets vertical, completing Ipreo’s offering of web-based new-issuance solutions for all types of syndicated products. Ipreo’s capital markets solutions include end-to-end bookbuilding systems, roadshow & conference management platforms, and electronic document delivery. Additionally, Ipreo’s suite of investor prospecting and CRM solutions offers comprehensive institutional contacts data and investor profiles. Ipreo is the only financial services provider to offer solutions across all asset classes including Equity, Fixed Income, Municipal bonds, and Syndicated Loans.

“Syndicated loan solutions are a natural extension of our Capital Markets business, fulfilling our goal of being able to cover all types of syndicated products,” said Scott Ganeles , CEO of Ipreo. “Debtdomain is the preeminent player in the syndicated loan space, with a strong client focus, a winning track record, and an approach to technology that is well aligned with our own.”

Debtdomain co-CEOs Sean Tai and David Levy will both be joining Ipreo’s Executive Committee and together will run the Loan Syndication business under Ipreo’s Capital Markets vertical.

USA, New York & UK, London

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Press speculation – John Malone’s Liberty Global is preparing to make a bid for Virgin Media

February 5, 2013 — Fusion DigiNet

The press are reporting that John Malone’s Liberty Global is preparing to make a bid for Virgin Media.

Virgin Media has made the following short announcement today.

Virgin MediaVirgin Media Inc. notes the recent press speculation in relation to a possible corporate transaction between Virgin Media Inc. and Liberty Global, Inc. Virgin Media confirms that it is in discussions with Liberty Global, Inc., a leading international cable company, concerning a possible transaction. Any such transaction would be subject to regulatory and other conditions. A further announcement will be made in due course.

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Elsevier acquires Knovel, provider of web-based productivity application for the engineering community

January 11, 2013 — Fusion DigiNet

elsevierElsevier has acquired Knovel Corp. New York City-based Knovel provides a web-based application that integrates technical information with analytical and search tools for the engineering community.

Founded in 2001, Knovel has developed a deep knowledge of the engineering community and is a valuable tool for thousands of knovelengineers and students in more than 700 corporations and engineering schools worldwide. Knovel integrates information and data from more than 100 engineering societies and publishers and makes it highly searchable and interactive so that engineers can easily manipulate the data they find and use it in other engineering applications.

“Knovel’s comprehensive list of content contributors, engineering-specific search, and tools such as interactive graphs, together with Elsevier’s deep engineering content base and global market reach, will allow us to deliver an even more comprehensive and better integrated solution for engineers and engineering students,” said Alexander van Boetzelaer, Managing Director of Elsevier Corporate Markets. “This acquisition will give us the opportunity to provide an enhanced experience for our customers as they work to overcome engineering challenges and improve technical outcomes.”

The Netherlands, Amsterdam & USA, New York

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Euromoney Institutional Investor PLC acquires Californian conference business TTI/Vanguard

January 7, 2013 — Fusion DigiNet

Euromoney logoEuromoney Institutional Investor PLC, the international online information and events group, is expanding its membership events portfolio with the acquisition of TTI/Vanguard, which is headquartered in Santa Monica, California.

Euromoney paid US$8 million to acquire 87% of the equity of TTI/Vanguard. The acquisition is expected to be earnings enhancing in itsTT! Vanguard first year.  The remaining equity will be acquired in two stages of an earn-out by December 2014.

TTI/Vanguard is a private membership organisation for executives who lead technology innovation in global organisations across the public, private and academic sectors. Enterprises subscribe to TTI/Vanguard’s conference series to explore how emerging and potentially disruptive technologies may affect their organisations, policy and society. Each of TTI/Vanguard’s five annual conferences is part classroom, part think-tank and part laboratory. At the core of TTI/Vanguard is its world-class Advisory Board of visionaries and futurists who inspire and develop TTI/Vanguard’s content direction (see footnote below).

Under its Institutional Investor brand, Euromoney runs a Financial Technology Forum in the United States and has a strong record of running and successfully building subscription memberships in asset management in the US, Europe and Asia. It now expects to apply this expertise to grow TTI/Vanguard’s business globally.

Dr. Len Kleinrock, past chairman, will remain a minority shareholder in the business and will be actively involved in TTI/Vanguard until at least December 2014.

“The acquisition of TTI/Vanguard is consistent with our strategy of applying our expertise to global sectors,” said Richard Ensor, Chairman of Euromoney. “This takes us into the high-technology content sector. Euromoney has a successful record of acquiring events businesses and accelerating their growth globally, as demonstrated over the past 15 years by the success of Institutional Investor which now has 13 subscription memberships around the world. We look forward to doing the same with TTI/Vanguard.”

Dr Kleinrock said: “Having successfully built TTI/Vanguard into a must-attend membership for heads of innovation and technology across a multitude of diverse industries from government to retail, finance to pharmaceuticals, I believe that Euromoney is ideally positioned to expand the TTI/Vanguard network and membership worldwide. We are confident that Euromoney’s portfolio and expertise will add tremendous value to what we have been consistently providing our members for more than 20 years. We look forward to sharing our know-how and experience and continuing to build a world-wide TTI/Vanguard community.”

UK, London & USA, Santa Monica, CA

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Dyn acquires website monitoring startup Verelo

January 4, 2013 — Fusion DigiNet

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

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Rumour: Shutterfly to acquire ThisLife

January 4, 2013 — Fusion DigiNet

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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