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Linux Shopping Spree

Written By
Richard Black
Richard Black
May 25, 2000
5 minute read

Advanced Wireless + Digital
Wireless Systems, EBIZ Enterprises +
LinuxMall.com, iShopper.com +
TotaliNet.net, Lightspan + Edutest, Niku
+ ABT Corp., bSource, 600 Monkeys,
Sonic Foundry +
International Image Services















































 Lightspan (LSPN) to acquire Edutest

  

  
* 
Amount:         $15.7
million

  

  
* 
Terms:           
$13.5 million stock incentives/$2.2 million cash

  

  
* 
Premium:        n/a

  

  
* 
Industry:        Performance
Software

  

  
* 
Scorecard:      C+

  



    SAN DIEGO, May 24–Lightspan , a provider
    of curriculum-based, educational software and Internet products and
    services for school and home, announced that it has entered into an
    agreement to acquire Edutest, a provider of Internet-based
    educational testing and assessment products. The acquisition is expected to
    add valuable products to Lightspan’s
    line of Internet-based solutions for the K-12 market.


    Under the terms of the agreement, shareholders of Edutest will receive a combination of
    cash and shares of Lightspan with a value of up to $15.7 million. The
    aggregate value to be received by Edutest shareholders at closing will be
    approximately $2.2 million in cash and $9.0 million in stock, with a
    potential for up to an additional $4.5 in stock over the subsequent 18
    months.


     

  






























 Niku (NIKU) acquires ABT Corp., bSource, 600
Monkeys

  

  
* 
Amount:         $85
million

  

  
* 
Terms:           
4.57 million shares/$13 million cash

  

  
* 
Premium:        n/a

  

  
* 
Industry:       
Consultants/Designers

  

  
* 
Scorecard:      C+

  



    REDWOOD CITY, May 24–Niku Corporation , a
    provider of Internet solutions for the sourcing, management and delivery
    of professional services, announced it is acquiring three companies: ABT
    Corporation    , bSource, and 600 Monkeys. The total
    consideration for these three acquisitions will be approximately 4.57
    million shares of Niku common stock and
    approximately $13 million in cash payments to shareholders.


    ABT is the recognized leader in
    enterprise project management solutions for information technology
    organizations, bSource is a virtual
    marketplace for services such as web development, law and public relations,
    and 600 Monkeys
    provides innovative Internet solutions for advertising and public relations
    agencies.


     

  
































 Sonic Foundry (SOFO) acquires International Image
Services

  

  
* 
Amount:         $24
million

  

  
* 
Terms:           
cash and stock

  

  
* 
Premium:        n/a

  

  
* 
Industry:        Performance
Software

  

  
* 
Scorecard:      B

  



    MADISON, Wis., May 24–Sonic Foundry , a
    leading developer and marketer of Internet software tools, services, and
    systems, and privately held International Image Services, one of
    North America’s premier facilitators for managing and digitizing media for
    the entertainment industry, announced that they have entered into a letter
    of intent for Sonic
    Foundry     to acquire International Image
    in a combined cash, debt, and stock transaction valued at $24 million. The
    combination of Sonic Foundry and International Image will offer the world’s
    media marketplace a single source for digitizing and managing their media
    assets particularly high bandwidth high definition content, while providing
    auto formatting of the same media for a wide variety of compressed and
    encoded formats.


     

  
































 iShopper.com (IHPR) acquires
TotaliNet.net

  

  
* 
Amount:        
Undisclosed

  

  
* 
Terms:           
n/a

  

  
* 
Premium:        n/a

  

  
* 
Industry:        E-commerce
enablers

  

  
* 
Scorecard:      C

  



    SANDY, Utah, May 24–iShopper.com , an
    Internet and technology holding company, announced it has acquired
    TotaliNet.net, a complete Internet solutions provider. TotaliNet.net offers full-service
    online marketing solutions, including Web site design, Web hosting services
    and marketing tools to help small- and medium-sized companies establish an
    interactive Web site. iShopper.com
    plans to utilize the TotaliNet.net brand to market its e-commerce services
    and products.


     

  
































 EBIZ Enterprises (EBIZ) to merge with
LinuxMall.com

  

  
* 
Amount:        
Undisclosed

  

  
* 
Terms:           
100% stock

  

  
* 
Premium:        n/a

  

  
* 
Industry:        E-tailers

  

  
* 
Scorecard:      C

  



    SCOTTSDALE, Ariz., May 24–EBIZ Enterprises announced it has executed a letter of intent to merge with
    LinuxMall.com in a stock-for-stock agreement. The merger of TheLinuxStore.com,
    a division of EBIZ Enterprise

    s, and LinuxMall.com will position the
    combined entity as the largest “vendor-neutral” Internet Linux shopping
    mall and destination site in the world.


     

  
































 Advanced Wireless (AWSS) acquires Digital
Wireless Systems

  

  
* 
Amount:        
Undisclosed

  

  
* 
Terms:           
n/a

  

  
* 
Premium:        n/a

  

  
* 
Industry:       
Speed/Bandwidth

  

  
* 
Scorecard:      D

  



    IRVING, Tex., May 24–Advanced Wireless Systems announced the confirmation of the Plan of reorganization of
    Digital Wireless Systems, which occurred Tuesday in the Federal
    Bankruptcy Court, Middle District of Tennessee. Under the Plan, Advanced Wireless, as the Successor to
    the Debtor, will acquire all assets of Digital Wireless in exchange for
    Advanced Wireless common stock and stock purchase warrants, which will be
    distributed to Digital Wireless’ creditors and equity security holders. The
    Digital Wireless acquisition will increase Advanced Wireless’ Broadband
    wireless holdings by over 700% and will triple its monthly gross revenues.


     

  
Richard Black
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