Today’s Deals: GlobalNetFinancial Bags a Broker

GlobalNetFinancial + Dalton Kent
Securities
, IDACORP + Rocky Mountain
Communications
, Internet Commerce + Intercoastal
Data
, NCR + 4Front Technologies, TIBCO Software +
Extensibility



















































 IDACORP (IDA) acquires Rocky Mountain
Communications

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        ISPs/Access
providers

 

  
* 
Scorecard:
      C+

 



    BOISE, Idaho, Aug. 2–IDACORP announced its
    purchase of Boise-based Internet service provider Rocky Mountain
    Communications
    , furthering IDACORP’s entry into non-utility-based
    products and services. Rocky Mountain
    Communications
    is a national Internet service provider serving more
    than 25,000 subscribers primarily in the Western United States with dial up
    Internet acces, ADSL Internet access, high speed leased lines and frame
    relay, Voice Over IP (VOIP), and Wireless Internet Access. Financial terms
    of the deal were not disclosed.


     

 
































 NCR (NCR) to acquire 4Front Technologies
(FFTI)

 

  
* 
Amount:
         $250
million

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        15%

 

  
* 
Industry:
       
Consultants/Designers

 

  
* 
Scorecard:
      B

 



    DAYTON, Ohio, Aug. 3–NCR Corporation
    announced they it will acquire 4Front Technologies in a merger transaction for an aggregate consideration of
    approximately $250 million. 4Front
    Technologies
    , an American company headquartered in the United Kingdom,
    is a fast growing provider of a full range of information technology (IT)
    services, including outsourcing, hardware maintenance and help desk support
    — primarily across Europe. This acquisition will strengthen NCR’s position in the services market
    throughout Europe, as well as improving the utilization of NCR’s
    infrastructure. Under the terms of the agreement, NCR will pay each 4Front
    Technologies stockholder $18.50 per share in cash for each outstanding
    share of 4Front Technologies common stock held.


     

 
































 GlobalNetFinancial (GLBN) acquires Dalton Kent
Securities

 

  
* 
Amount:
         $20
million

 

  
* 
Terms:
           
1.45 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Financial
services

 

  
* 
Scorecard:
      C+

 



    SANTA MONICA, Aug. 3–GlobalNetFinancial.com , an international provider of online financial news, content
    and transaction execution services, announced it has acquired 100% of the
    outstanding stock of Dalton Kent Securities Group. Based in New
    York, Dalton Kent is a full service
    broker dealer offering stocks, bonds, options and mutual funds catering to
    both U.S. and non-U.S. investors, and will complement GlobalNetFinancial’s online
    financial transaction platforms and enable GlobalNetFinancial to provide a
    full range of services to both U.S. and non-U.S. investors.
    GlobalNetFinancial issued 1,450,000 shares of Common Stock to the former
    shareholders of Dalton Kent.


     

 































 Internet Commerce (ICCSA) acquires Intercoastal
Data

 

  
* 
Amount:
         $3.1
million

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-commerce
enablers

 

  
* 
Scorecard:
      B-

 



    NEW YORK, Aug. 3–Internet Commerce Corporation (“ICC”)
    ICCSA, a provider of Internet e-business supply chain
    connectivity, announced it has signed a definitive agreement to acquire
    Intercoastal Data Corporation, a leading EDI Service Bureau which
    provides a full range of EDI services for small and mid-sized companies. Intercoastal allows ICC to offer any client in the world an
    e-commerce solution, even if they don’t have a computer. Under the terms of
    the agreement, ICC will issue shares of common stock having a value of
    approximately $3.1 million.


     

 
































 TIBCO Software (TIBX) acquires
Extensibility

 

  
* 
Amount:
         $100
million

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
software

 

  
* 
Scorecard:
      A-

 



    PALO ALTO, Aug. 3–TIBCO Software ,
    provider of real-time infrastructure software for e-business, announced it
    has agreed to acquire Extensibility, a leader in Extensible Markup
    Language (XML) technology, in a stock transaction valued at approximately
    $100 million. The addition of Extensibility to TIBCO’s current XML and schema management
    software will enable TIBCO to accelerate the development of next-generation
    wireless and B2B solutions.


     

 

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