NeuStar Acquires Followap

NeuStar Inc. (NYSE: NSR) has acquired Followap Inc., a UK-based provider of mobile instant messaging products in Europe and Asia, for approximately $139 million in cash. NeuStar said that it projects Followap revenue to exceed $25 million in 2007 and to more than double in 2008. Followap raised $12 million in a 2001 Series B funding round, at a post-money valuation of approximately $34 million. Backers include Sequoia Capital, Carmel Ventures, Koor Corporate Venture Capital, SVM Star Ventures Israel and Siemens Venture Capital.