TECHdotMN: News about Minnesota Startups

Via News Release

“PLANO, Texas, and MINNEAPOLIS, May 22, 2013 /PRNewswire/ — Goodman Networks Incorporated, a privately held leader in the design, engineering, deployment, integration and maintenance of wireless telecommunication networks, and Multiband Corporation, (NASDAQ: MBND), a leading Home Service Provider (HSP) for DIRECTV and the nation’s largest DIRECTV Master System Operator (MSO) for Multiple Dwelling Units (MDUs), today jointly announced that they have signed a definitive merger agreement, pursuant to which Goodman Networks will acquire Multiband.

Under the terms of the agreement, Goodman Networks will pay $3.25 per Multiband common share, redeem all of Multiband’s outstanding preferred stock and repay Multiband’s outstanding bank indebtedness in an all cash transaction totaling approximately $116 million.”

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Via News Release

“Healthcare providers will have access to a new continuum of technology management solutions across the “big three” health providers in a community — clinic, hospital and post-acute care facilities — with Healthland’s acquisition of American HealthTech (AHT).

Healthland, the nation’s market leader in healthcare information technology solutions for rural hospitals and their affiliated care facilities, has acquired American HealthTech, provider of integrated software and electronic health records (EHR) solutions for post-acute facilities. While each company will continue to operate under its own brand, serving its traditional markets, they have already begun the process of linking resources to expand offerings to customers.”

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Via News Release

“DALLAS, May 21, 2013 /PRNewswire-iReach/ — Gateway Church is pleased to announce its acquisition of The Table, a social network and community platform designed for churches. The same, innovative technology that has empowered more than 700 churches to take community to the next level is now housed in a church environment.

The Table Project began in 2007, aiming to become an online extension of the local church. It offers customizable features like the prayer wall, real-time service opportunities, social media integration and more.”

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By Kevin Allenspach, St. Cloud Times

“Eighteen years after launching a business to provide emergency 911 development services for county governments, GeoComm CEO and President Tom Grones has reached a deal to sell majority ownership in his company to Granite Equity Partners.Terms were not announced, but Grones said the transaction involved an exchange of GeoComm stock for shares of Granite Equity’s other holdings, as well as cash and satisfaction of some of GeoComm’s debt.”

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Via News Release

“Bloomington, MN, March 6, 2013 — Pearson VUE, the assessment services business of Pearson, today announced the acquisition of Exam Design Inc, a leading provider of examination development software used in high-stakes testing.

The purchase includes ownership of Exam Design’s flagship product, ExamDeveloper, a web-based suite of tools that helps users develop rigorous and defensible assessments for credentialing purposes while reducing the reliance on in-person meetings. These tools will allow Pearson VUE to more fully serve its clients’ current and future test development needs by supporting every step in the process, including job analysis, item banking, standard setting, and statistical analysis, with a flexible, user-friendly solution.”

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Via News Release

“ROUND ROCK, Texas, May 06, 2013 – Dell today announced the acquisition of Enstratius, an award-winning enterprise cloud-management software and services provider that delivers single and multi-cloud management capabilities. Enstratius helps organizations manage applications across private, public and hybrid clouds, including automated application provisioning and scaling, application configuration management, usage governance, and cloud utilization monitoring.

The acquisition of Enstratius further enhances Dell’s end-to-end solutions strategy, bringing key capabilities to deliver cloud-management solutions to our customers. Enstratius is available as software-as-a-service or as on-premises software, enabling full control from within a customer’s data center, or via a hosted service. Enstratius currently supports more than 20 public and private cloud platforms, including OpenStack, VMware, Rackspace, Amazon Web Services and Windows Azure, with the added flexibility to easily add new clouds.”

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4/20: BioMedix sheds TRAKnet software arm

4/12: Atomic Data Acquires Saint Paul-Based DanburyIT

4/8: ABILITY Network enters merger agreement

4/4: Sport Ngin acquires e7sports

4/4: Chicago’s Trustwave buys Eden Prarie-based SecureConnect

4/1: Help/Systems acquires software portfolio from IBM

Via News Release

“MINNEAPOLIS– LEAP Acquisition Corporation (“LEAP”), a wholly-owned subsidiary of LaunchEquity Acquisition Partners, LLC Designated Series Education Partners (“LaunchEquity”) and sponsored entity of LaunchEquity Partners, LLC, and MakeMusic, Inc. (Nasdaq: MMUS) (“MakeMusic”) announced today the successful completion of LEAP’s tender offer for all of the outstanding shares of common stock of MakeMusic at a purchase price of $4.85 per share.” [~$14.7m]

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By Nick Woltman, St. Paul Pioneer Press

“BioMedix, a St. Paul-based medical technology company, has reduced its workforce to fewer than 20 employees from a 2012 high of more than 200, entered receivership and sold off its software arm in an effort to survive a period of market weakness.

The layoffs and sale of the company’s health care practice management division followed a turbulent 2012 brought on by uncertainty in the health care industry, President John Romans said.”

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Via News Release

“MINNEAPOLIS, April 12, 2013 — Atomic Data, Minnesota’s premier private cloud and IT solutions provider, announced today the acquisition of Saint Paul-based DanburyIT. The acquisition, finalized in March, includes DanburyIT’s existing client base, assets, and employees.

Kelly Schaefbauer, President and Founder of DanburyIT, said that, “The merging of DanburyIT and Atomic Data creates an unprecedented line of services for small and medium businesses. It brings together world-class data centers, network monitoring, and Service Desk with a proven technology strategy for small business.”

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