Today’s Deals: Cisco Pays $170 Million For Cais Software Solutions

Cisco Systems + CAIS Software
Solutions
, Interwoven + Metacode Technologies, Ajuba
Solutions
, Thinkpath + DPP International
Limited
, Merisel + Value America
































 Cisco Systems (CSCO) to acquire CAIS Software
Solutions

 

  
* 
Amount:
         $170
million

 

  
* 
Terms:
           
cash and stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      B+

 



    SAN JOSE, Oct. 20–Cisco Systems
    announced it has entered into a definitive agreement to acquire the
    broadband subscriber management software business of CAIS Software
    Solutions
    (CAISsoft), a wholly owned subsidiary of publicly traded
    CAIS Internet of Washington, D.C. CAIS Software Solutions was acquired by
    CAIS Internet in 1999, and offers software applications that enable service
    providers to more easily provision and manage high-speed, broadband
    Internet services in hotels, apartments, airports and office buildings. The
    acquisition enhances Cisco’s strategy of
    offering complete broadband connectivity solutions for service providers
    addressing the multi-unit building market. Cash and Cisco common stock
    worth approximately $170 million will be exchanged for the s

    tock options
    and assets of the broadband subscriber management software business of
    CAISsoft.


     

 
































 Thinkpath (THTH) to acquire DPP International
Limited

 

  
* 
Amount:
         $6
million

 

  
* 
Terms:
           
cash and stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Internet
services

 

  
* 
Scorecard:
      B

 



    TORONTO, Oct. 20–Thinkpath , a provider
    of skills management solutions, announced it has signed a letter of intent
    to acquire DPP International Limited, a London-based IT recruitment
    firm. DPP is a European
    recruitment company with specific strengths in Oracle, Web and e-commerce
    applications, and dedicated teams serving the investment banking community.
    The acquisition will help Thinkpath
    establish itself in Europe’s key high-tech markets. The acquisition cost is
    approximately $6 million, comprised of cash and shares.


     

 






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 Interwoven (IWOV) to acquire Metacode
Technologies, Ajuba Solutions

 

  
* 
Amount:
         $181
million

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
software

 

  
* 
Scorecard:
      B+

 



    SUNNYVALE, Calif., Oct. 20–Interwoven , a
    provider of enterprise-class content management software, announced
    definitive agreements to acquire two privately-held companies, Metacode
    Technologies
    and Ajuba Solutions. Metacode is a leading developer of
    content tagging and taxonomy technology, while Ajuba is a developer of XML
    solutions. Both acquisitions will help Interwoven extend its technology
    leadership position in content management. An aggregate value of
    approximately $150 million in Interwoven common stock and stock options
    will be exchanged for the capital stock and stock options of Metacode and
    approximately $31 million in Interwoven common stock and stock options will
    be exchanged for the capital stock and stock options of Ajuba.


     

 











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 Merisel to acquire Value America e-fulfillment
unit

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-commerce
enablers

 

  
* 
Scorecard:
      C-

 



    CHARLOTTESVILLE, Va., Oct. 20–Value America announced that
    it has signed a letter of intent to sell its electronic services business
    to Merisel, based in El Segundo, California, and a full-line
    distributor of technology products throughout North America. Value America filed for Chapter 11 protection
    on August 11th to facilitate a reorganization as an Internet service
    provider. This proposal calls for Merisel to acquire most of Value
    America’s assets and employees in order to launch an Internet fulfillment
    and services business in 2001.


     

 

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