Active Network Acquires InfoSpherix

The Active Network Inc., a San Diego-based provider of an online community for active lifestyles, has agreed to acquire InfoSpherix, the information subsidiary of Spherix Inc. (Nasdaq: SPEX). No financial terms were disclosed for the deal, which is expected to close by the end of summer. The Active Network has raised over $70 million in VC funding since its 1998 inception, from firms like ABS Ventures, Austin Ventures, Canaan Partners, Charles River Ventures, Dominion Ventures, Kettle Partners, Enterprise Partners VC, North Bridge Venture Partners and Ticketmaster.