Fabrik Inc., a San Mateo, Calif.-based storage provider, is nearing a deal to acquire the consumer storage device business of SimpleTech (Nasdaq:STEC), according to GigaOm. Fabrik has raised $12.1 million in VC funding from firms like ComVentures and Intel Capital. www.fabrikinc.com www.stec-inc.com
Cambridge Information Group has acquired ProQuest Information and Learning from ProQuest Co. (NYSE: PQE) for $222 million. ABRY Partners provided equity financing, while leverage was arranged by Morgan Stanley Senior Funding and Goldman Sachs Credit Partners. CIG will merge ProQuest I&L with existing subsidiary CSA.
LumaSense Technologies Inc., a Santa Clara, Calif.
Wayport Inc., an Austin, Texas-based provider of Internet connectivity solutions to the hospitality market, has acquired ResortWiFi, a provider of wireless services to the timeshare industry and select hotel companies like Fairfield Resorts and Monarch Grand Vacations. No financial terms were disclosed. Wayport has raised around $155 million in VC funding since its 1998, from […]
Merrill Corp. said that its wholly-owned subsidiary WordWave International Pty Ltd. has acquired ComputerReporters, a provider of reporting services to the legal, corporate and government markets in Australia. Merrill is a provider of document management services to the financial, legal and real estate markets, and is backed by DLJ Merchant Banking. www.merrillcorp.com
NXP Semiconductors BV of The Netherlands has agreed to acquire the mobile phone equipment business of Austin, Texas-based Silicon Laboratories Inc. (Nasdaq: SLAB). The deal is valued at $285 million, plus a possible $65 million earn-out based on performance over the next three years. NXP is the former semiconductor division of Royal Philips Electronics, which […]
Mattress Firm, a mattress retailer recently acquired by J.W. Childs Associates, has agreed to buy Bedtime Mattress Co., a Las Vegas-based mattress retailer with 15 locations. No financial terms were disclosed for the deal, which is expected to close within the next 45 days. Once completed, the deal will bring Houston-based Mattress Firm's total store […]
Three PE-backed companies canceled IPOs during the first week of February. Two of them gave no explanation, perhaps because they knew that the answers lay in the mirror. But the third company – Trident Resources Corp. – blamed “market conditions.” For the uninitiated, that’s legalese for: “It’s the market that sucks, not us.” The SEC […]
Smith Micro Software Inc. (Nasdaq: SMSI) has agreed to acquire Ecutel Systems Inc., a Herndon, Va.
Caritor Inc., a San Ramon, Calif.-based provider of IT services, has agreed to acquire business process and IT services firm Keane Inc. (NYSE: KEA) for $14.30 per share in cash (19% premium to yesterday's closing price). The total deal is valued at approximately $854 million, with Caritor receiving equity financing from existing shareholder Citigroup Venture […]