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Monday Merger Mania

AppliedTheory + Cordada Group, E Com Ventures + perfumania.com, Enron + WarpSpeed Communications, ePresence + SND, Hi/fn + Apptitude, MedicaLogic + Medscape, Total eMed, Politics.com + LobbyForMe.com, PoliticalWag.com, PopMail.com + Fan Asylum, Razorfish + Limage Dangereuse, Save.com + MyCoupons.com, DirectCoupons.com, TMP Worldwide + VirtualRelocation.com, Wit Capital + E-Offering

 Hi/fn (HIFN) acquires Apptitude

 

   *  Amount:         $42 million

 

   *  Terms:            cash and stock
 

   *  Premium:        1.2 million shares/$20 million cash

 

   *  Industry:        Internet services

 

   *  Scorecard:      B

 


    LOS GATOS, May 15--Network security company Hi/fn announced plans to acquire Apptitude, which provides Internet traffic analysis for developers of network infrastructure devices, for around $42 million in cash and stock. Los Gatos-based Hi/fn said it would exchange around 1.2



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