Today’s Deals: First Union Deposits Pivot.com

 Clarent (CLRN) acquires PEAK Software
Solutions

  
* 
Amount:         $60
million

  
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Terms:           
cash and stock

  
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Premium:        n/a

  
* 
Industry:        Internet
services

  
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Scorecard:      B+

REDWOOD CITY, July 25–Clarent Corporation , a provider of carrier-grade, phone-to-phone Internet Protocol
(IP) telephony solutions, announced that it has acquired privately-held
PEAK Software Solutions of Littleton, Colorado. The PEAK acquisition is intended to
immediately enhance Clarent’s
intelligent IP telephony and communications software development activities
by adding 56 highly experienced communications software engineers to its
R&D team. Clarent will issue common stock and cash with an aggregate value
of approximately $60 million for all outstanding shares of PEAK.




 

 Satyam Infoway (SIFY) to acquire
IndiaPlaza.com

  
* 
Amount:         $8.1
million

  
* 
Terms:           
480,000 shares

  
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Premium:        n/a

  
* 
Industry:       
Search/Portal

  
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Scorecard:      C+

CHENNAI, India, July 25–Satyam Infoway Limited , the second largest national provider of Internet access and
Internet services to consumers and businesses in India, announced that it
has entered into an agreement to acquire 100% of San Jose, CA based
IndiaPlaza.com, a leading worldwide India-interest online shopping
mall. IndiaPlaza.com will be a
solid strategic fit to Satyam
Infoway’s emerging portal business. In an all-stock deal, Satyam
Infoway will acquire IndiaPlaza.com by issuing 480,000 ADSs of Satyam
Infoway, valued at approximately $ 8.1 million.




 

 Compuware (CPWR) acquires Optimal

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      B-

FARMINGTON HILLS, Mich., July 25–Compuware Corporation
and Optimal Networks Corporation announced that
they have entered into a definitive agreement for Compuware to acquire substantially all
the assets and certain liabilities of Optimal, an award- winning developer
of e-business performance measurement tools. The addition of Optimal’s
products strengthens Compuware’s EcoSYSTEMS product line, particularly its
ability to notify, troubleshoot and prevent application performance
problems across the e-business and enterprise infrastructure. Terms of the
deal were not disclosed.




 

 Next Level (NXTV) acquires SoftProse

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:

        Internet
services

  
* 
Scorecard:      A-

ROHNERT PARK, Calif., July 25–Next Level Communications
, a provider of ATM/IP optical interactive DSL broadband
systems, announced that it has acquired SoftProse, a privately-held
provider of comprehensive engineering services and products for digital TV
and communication systems based in Des Moines, IA and San Diego, CA. The SoftProse acquisition provides Next Level the opportunity to enhance its
video and broadcast technology expertise. Terms of the agreement were not
disclosed.




 

 First Union (FTU) acquires Pivot.com

  
* 
Amount:         $4.35
million

  
* 
Terms:           
100% cash

  
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Premium:        n/a

  
* 
Industry:        Financial
services

  
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Scorecard:      C

CHARLOTTE, July 25–To meet the growing online demand for insurance
products and services, First Union Corporation
announced the acquisition of Professional Direct Agency (Pivot),
which operates Pivot.com. Pivot,
purchased from ilife.com for $4.35 million in
cash., is an insurance Web site providing private labeling, insurance
fulfillment, and customer service to both businesses and consumers and wi

ll
allow First Union to provide
turnkey insurance solutions through the Internet to other financial
services companies that are interested in private-label Web sites offering
insurance products to their customers.




 

 HealthCentral.com (HCEN) acquires
DrugEmporium.com

  
* 
Amount:         $7.2
million

  
* 
Terms:           
2.4 million shares

  
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Premium:        n/a

  
* 
Industry:        E-tailers

  
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Scorecard:      C+

EMERYVILLE, Calif., July 25–HealthCentral.com , an online provider of healthcare e-commerce and content, has
agreed to acquire the assets of DrugEmporium.com, the Internet
subsidiary of Drug Emporium . DrugEmporium.com is
a full-service online drugstore and pharmacy licensed to fill prescriptions
in all 50 states, offering round-the-clock e-mail access to its
pharmacists. Drug Emporium, Inc. will receive preferred stock from HealthCentral.com convertible into
2.4 million common shares, and the opportunity to earn additional amounts
of convertible preferred stock if certain revenue targets from additional
sources of revenue are met.




 

 Cisco Systems (CSCO) to acquire Komodo
Technology

  
* 
Amount:         $175
million

  
* 
Terms:           
100% stock

  
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Premium:        n/a

  
* 
Industry:       
Speed/Bandwidth

  
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Scorecard:      A-

NEW YORK, July 25–Cisco Systems , the
largest maker of computer networking equipment, said it would buy Komodo
Technology, a developer of devices that allow analogue telephones to
place calls over Internet protocol-based networks, for $175 million in
stock. Terms of the Komodo
agreement call for San Jose, Calif.-based Cisco to issue common stock worth about
$175 million in exchange for all outstanding shares and options of the
privately-held Los Gatos, Calif.-based company.




 

 NetIQ (NTIQ) acquires Software
Realization

  
* 
Amount:        
Undisclosed

  
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Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:

        Performance
software

  
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Scorecard:      B

SANTA CLARA, July 25–NetIQ , a provider
of e-business infrastructure management software that enables organizations
to optimize the performance and availability of their Microsoft Windows NT-
and Windows 2000-based systems and applications, announced the acquisition
of Software Realization, a Houston-based professional services
company focused on delivering packaged training and deployment offerings to
customers for administration, operations management and network performance
management product lines. As part of
NetIQ,
Software Realization will
focus on providing support to make channel partners successful.




 

 Virata (VRTA) to acquire Agranat
Systems

  
* 
Amount:         $38
million

  
* 
Terms:           
492,000 shares

  
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Premium:        n/a

  
* 
Industry:       
Speed/Bandwidth

  
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Scorecard:      B

SANTA CLARA, July 25–Virata announced it
has entered into a definitive agreement to acquire privately-held
Agranat Systems in exchange for approximately 492,000 shares of Virata common stock, including assumed
options. The acquisition is expected to provide Virata with Agranat’s extensive capabilities in web
technologies and network management techniques, enabling Virata to not only
enhance its current broadband access products but to also deliver solutions
for new markets such as the growing Internet appliance and home networking
arenas.




 

 iBEAM Broadcasting (IBEM) acquires
NextVenue

  
* 
Amount:         $375
million

  
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Terms:           
100% stock

  
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Premium:        n/a

  
* 
Industry:        Internet
services

  
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Scorecard:      B-

SUNNYVALE, July 25–iBEAM Broadcasting , a
streaming media network, announced its agreement to acquire
NextVenue, a provider of streaming media services to the financial
community and business enterprise markets. NextVenue provides Wall Street with
end-to-end streaming solutions for virtual roadshows, multimedia and
interactive analyst reports. These services will now be delivered via iBEAM’s unique satellite/fiber streaming
media platform. iBEAM will issue $375 million in stock to NextVenue’s
shareholders at the closing of the transaction, which is planned for the
third quarter of 2000.




 

 ITXC (ITXC) to acquire eFusion

  
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;
Amount:         $170
million

  
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Terms:           
5.66 million shares

  
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Premium:        n/a

  
* 
Industry:        Internet
services

  
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Scorecard:      B-

PRINCETON, N.J., July 25–ITXC Corp , the
operator of ITXC.net, a global wholesale Internet telephony network, and
privately-held eFusion, a provider of voice-enabled applications to
service providers, e-commerce companies, and call centers, have signed a
definitive merger agreement providing for the acquisition of eFusion by ITXC. After closing, the companies plan the
rapid deployment of eFusion applications on ITXC.net and further
development of enhanced applications already under development at ITXC
which support high quality interactive voice on the Internet. eFusion’s
shareholders will receive a total of 5,658,986 shares of ITXC’s Common
Stock, plus additional ITXC shares to cover eFusion’s cash on hand at the
closing.




 

 EZconnect (EZCT) to acquire Encore
Wireless

  
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Amount:         $6.8
million

  
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Terms:           
cash and stock

  
* 
Premium:        n/a

  
* 
Industry:       
Speed/Bandwidth

  
* 
Scorecard:      B-

SALT LAKE CITY, July 25–Ezconnect
announced it has signed a definitive agreement to acquire Encore
Wireless of Westlake Village, Calif. for $6.8 million in stock and
cash. As a result of its planned acquisition of Encore, a wireless company
that delivers private-label wireless Internet solutions, Ezconnect believes it is positioned to
be the first provider of such private-label wireless Internet solutions to
the marketplace.