PaylinX Cashes in its Chips

Bluestone Software + Arjuna
Solutions
, CraftClick.com + Craftmall.com, CyberSource + PaylinX,
Digital Insurance +
HealthAxis
, DG Systems + StarGuide Digital
Networks
, Intuit + Venture Finance Software, JDS
Uniphase + SDL
, L90 + webMillion, PUMATECH + Dry Creek Software












































 JDS Uniphase (JDSU) to acquire SDL
(SDLI)

 

  
* 
Amount:
         $41
billion

 

  
* 
Terms:
           
3.8 million shares

 

  
* 
Premium:
        90%

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      B+

 



    SAN JOSE, July 10–JDS Uniphase and
    SDL, Inc. announced their definitive agreement
    to merge in a transaction valued at approximately $41 billion. The merger
    agreement provides for the exchange of 3.8 shares of JDS Uniphase common
    stock for each common share of SDL. The merger of JDS Uniphase and SDL is expected to facilitate the creation
    and deployment of high-capacity, flexible optical networks by accelerating
    the delivery of advanced products and basic building blocks of optical
    networks.


     

 
































 PUMATECH (PUMA) to acquire Dry Creek
Software

 

  
* 
Amount:
         $5.8
million

 

  
* 
Terms:
           
154,000 shares/$1.99 million in cash

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
software

 

  
* 
Scorecard:
      A-

 



    SAN JOSE, July 10–PUMATECH , the leading
    provider of the essential software infrastructure for the ubiquitous mobile
    Internet, announced that it has signed an agreement to acquire Dry Creek
    Software
    of Campbell, Calif., a California Limited Liability
    Corporation specializing in the rapid creation of software solutions that
    allow for transparent data access between mobile devices, enterprise
    servers and Internet applications. Under the terms of the definitive
    agreement, PUMATECH will pay
    $1,987,500 in cash and issue approximately 154,000 shares of PUMA common
    stock in exchange for all outstanding Dry Creek memberships and economic
    interests. Dry Creek will form the core of PUMATECH’s new Professional
    Services Organization, which will deliver customized, turnkey solutions
    based on the MAP infrastructure for wireless carriers, ISPs, Web portals,
    corporate enterprises and more.


     

 
































 CyberSource (CYBS) acquires PaylinX

 

  
* 
Amount:
         $134
million

 

  
* 
Terms:
           
8.4 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Financial
services

 

  
* 
Scorecard:
      B-

 



    MOUNTAIN VIEW, July 10–CyberSource , a
    leading provider of mission-critical e-commerce transaction services,
    announced that it has signed a definitive agreement to acquire
    PaylinX. The PaylinX
    acquisition will allow CyberSource
    to provide businesses selling through multiple channels with an
    enterprise-wide payment software solution that has fully integrated access
    to CyberSource’s suite of e-commerce transaction services. CyberSource has
    agreed to issue approximately 8.4 million shares of its common stock to
    acquire all of the outstanding stock of PaylinX.


     

 
































 DG Systems (DGIT) to merge with StarGuide Digital
Networks

 

  
* 
Amount:
         $247
million

 

  
* 
Terms:
           
41.3 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
  &nb

sp;     Internet
services

 

  
* 
Scorecard:
      C+

 



    DALLAS & SAN FRANCISCO, July 10–DG Systems , the leading digital distributor of advertising to the
    broadcast industry, and privately-held StarGuide Digital Networks, a
    leading provider of long form audio and digital network services to the
    broadcast industry, announced that they have entered into a definitive
    agreement to merge in a tax free stock-for-stock transaction. The combined
    entity will form the broadcasting industry’s premiere delivery solution for
    digital multimedia content featuring proprietary satellite and Internet
    transmission technology. Under the terms of the agreement, StarGuide will merge with DG Systems through the issuance of
    approximately 1.7 DG Systems shares for each outstanding share of StarGuide
    Common Stock. In aggregate, DG Systems will issue approximately 41.3
    million basic shares and assume options and warrants covering approximately
    10.1 million shares.


     

 
































 Bluestone Software (BLSW) acquires Arjuna
Solutions

 

  
* 
Amount:
         $13.23
million

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
software

 

  
* 
Scorecard:
      B+

 



    PHILADELPHIA, July 10–Pioneering the next-generation model of
    distributed tr

    ansactioning systems for wireless and Internet applications,
    Bluestone Software , a leader in business-to-Web
    and wireless technologies, announced that it has acquired Arjuna
    Solutions Limited
    of Newcastle, England for $13.23 million. Arjuna is one of the world’s leading
    centers of expertise in standards-based, distributed transactional and
    workflow software, and the developers of the industry’s first and only
    commercial transactioning system developed entirely with Java technology,
    and will bolster Bluestone’s
    Internet Operating Environment with an embedded, high-performance, pure
    Java Transaction Service.


     

 
































 Digital Insurance acquires HealthAxis
(HAXS)

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-commerce
enablers

 

  
* 
Scorecard:
      C

 



    ATLANTA, July 10–Digital Insurance, an Internet enabled
    technology providing an online distribution channel for insurance carriers
    to serve small and medium sized businesses, has announced the acquisition
    of the HealthAxis retail Web site, the next
    generation Web site, the existing HealthAxis.com block of in-force insurance
    business, certain hard assets, and a strategic partnership with HealthAxis
    for critical back-end technology services to power Digital Insurance’s
    health insurance e-platform.


     

 
































 L90 (LNTY) to acquire webMillion

 

  
* 
Amount:
         $18
million

 

  
* 
Terms:
           
2 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Advertising/Marketing

 

  
* 
Scorecard:
      B-

 



    LOS ANGELES, July 10–L90 announced that
    it has agreed to acquire webMillion, one of the Industry’s leading
    direct marketing promotions companies. Adding to L90’s tremendous growth in the first half of
    2000, the webMillion acquisition is
    expected to enhance L90’s sweepstakes, promotions, and direct marketing
    business while strengthening the platform on which it develops
    sophisticated, integrated advertising packages for its clients. Under the
    terms of the merger agreement, L90 will issue 2.0 million shares of L90
    stock to the webMillion stockholders.


     

 
































 Intuit (INTU) to acquire Venture Finance
Software

 

  
* 
Amount:
         $120-$150
million

 

  
* 
Terms:
           
100% cash

 

  
* 
Premium:
    &

nbsp;   n/a

 

  
* 
Industry:
        Financial
services

 

  
* 
Scorecard:
      B

 



    MOUNTAIN VIEW, July 10–Financial software provider Intuit
    said it will buy the shares of Venture Finance
    Software
    it does not already own for $120 million to $150 million in
    cash. Intuit initially acquired a stake
    in the privately held technology company in May 1998, and the final
    purchase price will be calculated based on a formula negotiated at that
    time. Based in Mountain View, Calif., Virtual Finance Software developed
    technology that enabled Intuit to move functions of its popular Quicken
    financial software from desktop computing to Web-based applications, such
    as enabling its customers to view and pay bills online, as well as monitor
    and manage their personal finances.


     

 
































 CraftClick.com (CTCK) acquires
Craftmall.com

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      C-

 



    PLAYA DEL REY, July 10–Craf

    tClick.com
    announced the acquisition of Craftmall.com, adding another popular
    and highly-trafficked online Arts & Crafts destination to the CraftClick.com Network. Craftmall.com, a Louisiana-based
    company, has been in operation since 1996, and boasts and average of over
    380,000 page views per month.


     

 

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