Linux Shopping Spree

  
* 
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.
• 
  
•  

  
* 
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.
• 
  
•  

  
* 
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.
• 
  
•  

  
* 
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.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:        E-tailers

  
* 
Scorecard:      C

• 
  
• 
  SCOTTSDALE, Ariz., May 24–EBIZ Enterprisesannounced 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.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:       
Speed/Bandwidth

  
* 
Scorecard:      D

• 
  
• 
  IRVING, Tex., May 24–Advanced Wireless Systemsannounced 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.
• 
  
•