BLPA’s Rearview Mirror: Recent Mergers & Acquisitions–It’s in the Ad Network

BLPA’s Rearview Mirror

October 5, 2014

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This week we are publIMG_0384ishing BLPA’s Rearview Mirror by topic. This issue focuses on recent M&A, which is heavy on media/advertising, medical/pharma and software.

This playing catch-up after being on the road is energy consuming.

For those who want a Fall Colors report, we are heading into peak season in the next few days, with the leaves getting serious about detaching from the trees and floating down to Mother Earth.

Mergers & Acquisitions[1]

Click on the highlighted text for more deal information.

Services

Internships.com, which will help you land the perfect internship, is being acquired by Chegg, which rents and sells textbooks, for $11m.

Adaptive Path, an experience design conferences and consulting firm and, is being acquired by Capital One.

Media/Advertising/Real Estate

Move[2], the third most trafficked sight for property listings, is being acquired by News Corp for $950m.

Boston-based NEXAGE, the developer of real-time bidding technology theta helps automate the buying and selling of mobile advertising, is being acquired by Millennial Media for $108m.

Upsight, Inc. sold its PlayHaven ad network. is being acquired by Science, a disruptive media, marketing and brand building company, for $20m.

Apps

Hitch, the ride sharing platform that connects riders oolong similar traveling along routes. is being acquired by Lyft.

Social

Zeetl, a social telephony company, is being acquired by Hootsuite.

Pharma/Biotech/Medical

Alios BioPharma, which is developing proprietary treatments for viral diseases, is being acquired by Johnson & Johnson for $1.8b.

Chelsea, Massachusetts, Civitas Therapeutics, which focuses on Parkinson’s disease treatments,is being acquired by Acorda Therapeutics for $525m.

Ambit Biosciences, which focuses on treatments for oncology, autoimmune and inflammatory diseases by inhibiting enzymes, is being acquired by Daiichi Sankyo for $410m.

PatientKeeper, which creates software for physicians, is being acquired by HCA.

Software

Tibco Software, a leader in infrastructure and business intelligence software, including an event enabled enterprise platform, is being acquired by Vista Equity Partners for $4.3b.

Parago, a leader in global incentive and engagement solutions, is being acquired by BlackHawk Network for $290m. BlackHawk is a leading payments and prepaid network.

Aviary, a developer of mobile SDK’s, is being acquired by Adobe Systems.

BravePoint, a leading provider of consulting, training and application development services, is being acquired by Progress Software.

Naurtech, which develop solutions which provide connectivity to enterprise data and applications using Windows CE platform devices, is being acquired by LANDesk Software.

The Netherlands

E-magazine app authoring firm, Prss, is being acquired by Apple.

United Kingdom

Neul, which is focused on the “internet of things,” is being acquired by Huawei Technologies for $25m. The Narrowband IoT, where Neul devices work, is designed to work at sub-gigahertz frequencies as part of future 3GPP cellular standards for connecting low data rate devices that have exceptionally long battery life.

South Korea

shopkick, which drives the in-store shopping experience, is being acquired by SK Telecom

India

Gaadi Web, a mobile app for car and bike search, is being acquired by CarDekko for $11m.

Bookpad, a service that hosts cloud-based documents, is being acquired by Yahoo! The rumored price is between $8 and $15 million.

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All the best,

Margaret Johns

Founder, BlueLake Partners, LLC

Affiliates:

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Jan Robertson

SiVal Advisors, LLC

 

Bic Stevens

Stevens Capital Advisors

 

Chartworth2Chartworth

Susan Woods and Vlad Harris

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Margaret Johns is the Founder and Chairman of BlueLake Partners, a boutique M&A investment bank based in the Greater Boston Area. Prior to founding BlueLake she was an employee founder and Managing Director at Needham & Company where she worked in Corporate Finance in New York City and headed up its Boston office. She now lives in Londonderry, New Hampshire with her husband, 16 year old step-daughter and three pugs. When she’s not working with clients, FINRA or writing blogs she competes on the Granite State Penguins Masters Swim Team, skis, rides her bike or is out walking her pugs.

Content researched, edited and reviewed on a best efforts basis.

[1] TechCrunch and company websites

[2] WSJ, September 30, 2014