Coda Music Technology +
Net4Music, Frontline Communications + Delanet.com,
Wizardnet, MyFamily.com +
RootsWeb.com, Questar + Consonus, Telemesser + e-go systems,
Virata + Excess
Bandwidth
Virata (VRTA) to acquire Excess
Bandwidth |
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*
Amount: $315
million |
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*
Terms:
6.3 million shares |
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*
Premium: n/a |
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*
Industry:
Speed/Bandwidth |
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*
Scorecard: A- |
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SANTA CLARA, June 21–Virata Corporation
announced it has signed a definitive agreement to acquire privately held
Excess Bandwidth Corporation in exchange for approximately 6.3
million shares of Virata common stock,
valued at approximately $315 million. The Excess Bandwidth transaction is expected to
provide Virata with symmetric DSL physical layer capabilities targeted at
the high-growth markets for both business premises and central office
equipment.
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Telemesser to merge with e-go
systems |
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*
Amount:
Undisclosed |
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*
Terms:
n/a |
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*
Premium: n/a |
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*
Industry: Performance
software |
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*
Scorecard: B+ |
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WOODBURY, N.Y., June 21–Comverse Technology , the world’s leading supplier of software and systems enabling
network-based enhanced services, announced that its majority-owned
subsidiary, Telemesser, will merge with privately-held, UK-based
e-go systems plc, a leading applications service provider (ASP)
specializing in global, seamless, IP-based unified messaging and access
services for the enterprise market. Upon completion of the merger, Comverse will own up to 30% of the
combined organization, which will operate under the e-go brand. Terms were not
disclosed.
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Questar (STR) acquires Consonus |
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*
Amount:
Undisclosed |
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*
Terms:
n/a |
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*
Premium: n/a |
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*
Industry: Internet
services |
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*
Scorecard: C+ |
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PORTLAND, Ore., June 21–Consonus, a premier provider of
e-business consulting, application development, and managed hosting
services, announced that it was acquired on June 1, 2000 by Questar
, a Salt Lake City-based diversified energy company,
through its subsidiary engaged in information technologies and services.
Concurrent with the acquisition of Consonus, Questar created a new company,
retaining the name Consonus, Inc., that merges Consonus’ e-business
application services with other Questar operations and services including
enterprise network engineering, network operations and data center
facilities.
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Coda Music Technology (COMT) and Net4Music to
merge |
|
*
Amount:
Undisclosed |
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*
Terms:
100% stock |
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*
Premium: n/a |
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*
Industry: E-tailers |
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*
Scorecard: D+ |
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EDEN PRAIRIE, Minn., June 21–Music technology developer Coda
Music Technology and Net4Music SA, a private
French company that sells pr
int music online, said they have agreed to
merge in a stock deal. According to the terms of the deal, Coda will acquire all shares of Net4Music in exchange for stock, but
Coda shareholders will own one-third of the combined company after the deal
closes. The combined company will be called Net4Music Inc. and is expected
to continue to trade on Nasdaq. The companies declined to specify further
the value of the deal.
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Frontline Communications (FNT) acquires
Delanet.com, Wizardnet |
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*
Amount: $3
million |
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*
Terms:
cash and stock |
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*
Premium: n/a |
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*
Industry: Internet
services |
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*
Scorecard: C |
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PEARL RIVER, N.Y., June 21–Frontline Communications announced that it has acquired Delanet of New Castle,
Delaware, and Wizardnet of McLean, Virginia. For both transactions
together, Frontline paid
approximately $2.3 million in cash, 200,000 shares of unregistered common
stock and $.75 million in debt convertible at $8 per share. Delanet is an Internet services company
focusing on the small business community, including a line of wireless
broadband Internet products and solutions, while Wizardnet is primarily an access company
serving the Washington D.C. and Virginia markets.
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MyFamily.com acquires RootsWeb.com |
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*
Amount:
Undisclosed |
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*
Terms:
n/a |
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*
Premium: n/a |
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*
Industry:
Content/Communities |
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*
Scorecard: A- |
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SAN FRANCISCO, June 21–MyFamily.com, the leading online
family network, announced that it has entered into an agreement to acquire
RootsWeb.com, the oldest and largest free community genealogy site.
With the acquisition, MyFamily.com
will add RootsWeb.com to its
portfolio of Web sites, which also includes FamilyHistory.com and
Ancestry.com. Financial terms of the transaction were not disclosed.
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