Via News Release
“Inetium and Avtex, two technology firms of Pohlad Family Companies announced today their plans to merge their operations into a single company, Avtex Solutions, LLC, effective Jan. 1, 2011.
Founded in 1971, Avtex designs, installs and supports technology needed for call centers and customer contact centers, as well as IP telephony systems and other messaging applications for businesses. Established in 1998, Inetium provides strategic IT planning and consulting services with specialization in portals, collaboration, customer relationship management (CRM) and application development.”
Via News Release
“Digital River announced that it has acquired Journey Education Marketing, Inc., (JourneyEd) a leading reseller of software and hard goods for students, faculty, educational institutions and public school districts in the U.S. K-12 and post-secondary academic markets.
Journey Education Marketing owns, markets and operates two of the leading brands in the education market, JourneyEd and Academic Superstore. Digital River acquired JourneyEd through an all cash transaction and expects the acquisition to be accretive to earnings in 2011. Other financial terms related to the transaction were not disclosed.”
“Card.ly, a Web service that allows anyone to create sweet-looking online business cards (see my personal site robinwauters.com for an example) has been acquired by Workface, the company behind digital business card creation tool BusinessCard2. Terms of the acquisition were not disclosed.”
“Tel Aviv-based Attenti announced today its acquisition by 3M, most notably the makers of Post-Its, to the tune of $230 million in cash. Formerly Dmatek, Attenti is the world’s leading supplier of remote people-tracking technologies such as ankle bracelets, voice recognition devices and alcohol monitoring technologies.
The purchase, which will benefit 3M by providing the company with GPS and radio frequency technology, is the second in a line of security-related acquisitions this week; 3M bought fingerprint ID company Cogent Systems Inc. yesterday for $943 million.”
Via News Release
“Capstone, the leading publisher of children’s books and digital products and services, has acquired Portage Interactive, LLC, an e-learning technology solutions company based out of Minneapolis. Founded in 1999, Portage Interactive has an extensive background in technology, product development, and audio and media automation for learning games and creativity tools for children.”
Via News Release
“Datacard Group, the world leader in secure ID and card personalization solutions, is pleased to announce the acquisition of their long time partner, Datacard South Pacific Pty. Ltd. (DCSP),
Previously a Datacard Group distributor and joint venture affiliate, DCSP provides pre- and post-sales support services for the broad range of Datacard Group’s secure ID and card personalization systems and software in Australia, New Zealand and the Pacific Islands.
Via NYT Dealbook
“Tyco Electronics said on Tuesday that it has agreed to buy ADC Telecommunications, a broadband equipment maker, for about $1.25 billion in cash, the latest in a spate of deals over the past two days.
Under the terms of the deal, Tyco will pay $12.75 per ADC share, a 44 percent premium to ADC’s Monday closing stock price of $8.85.”
By Sam Black, Minneapolis-St.Paul Business Journal
“Image Sensing Systems Inc. has acquired CitySync Ltd., a privately-held British developer and marketer of automatic license plate recognition technology.
St. Paul-based Image Sensing Systems paid $7.9 million in cash and 57,000 restricted shares of Image Sensing Systems’ common stock, valued at $727,000 for the company. CitySync’s former owners could earn an additional $2 million or more based on revenue and gross margin performance, according to a press release.”
By Jim Hammerand, Minneapolis-St.Paul Business Journal
“Digital River Inc. said Wednesday it has paid $10 million to buy in-game and online commerce service provider Fatfoogoo.
Eden Prairie-based e-commerce firm Digital River (Nasdaq: DRIV) purchased the company to capitalize on the expanding sales of virtual goods in video and computer gaming, CEO Joel Ronning said.”
By Mark Anderson, Finance and Commerce
“A United Kingdom subsidiary of Bloomington-based Ceridian Corp. acquired a long-time U.K. partner last week, adding new tools to its human resources and benefits platform.
Reading-based Ceridian U.K. bought Intellinet, which provides workforce-management software and procedures products to retail and manufacturing businesses in the U.K. and Ireland. Ceridian U.K. has provided its human resources services and payroll solutions alongside Intellinet’s products since 2003.”
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