Today’s Deals: GlobalNetFinancial, Telescan End Talks

 GlobalNetFinancial.com (GLBN) and Telescan (TSCN)
end merger talks

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:        Financial
services

  
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Scorecard:      n/a

SANTA MONICA, Sept. 26–GlobalNetFinancial.com and Telescan announced they have
terminated their proposed merger transaction. A joint statement said, “Both
GlobalNetFinancial and Telescan possess core strengths that
will enable each company to separately pursue its respective growth
strategies, which we have mutually agreed is in the best interests of our
respective companies and shareholders.”




 

 Predictive Systems (PRDS) to acquire Synet
Service

  
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Amount:         $42.4
million

  
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Terms:           
2.2 million shares/$9 million cash

  
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Premium:        n/a

  
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Industry:       
Consultants/Designers

  
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Scorecard:      B

NEW YORK, Sept. 26–Predictive Systems , a
network infrastructure consulting firm, announced it has entered into a
definitive agreement to acquire Synet Service Corporation, a
Minneapolis-based consulting firm that helps companies optimize the
availability and reliability of their e-business applications and network
infrastructure. The Synet acquisition is
expected to enable Predictive
Systems to continue on its course to becoming a dominant player in the
network infrastructure space by providing solutions that deliver
business-based results to customers. The deal is valued at approximately
$42.4 million with Predictive issuing 2,205,331 shares of its common stock
and $9 million in cash.




 

 RMI.NET (RMII) acquires LanMinds

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
* 
Industry:        Internet
services

  
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Scorecard:      C

DENVER, Sept. 26–RMI.NET , a national Web
solutions/e-commerce and connectivity company, announced that it has
acquired LanMinds, a business-focused Internet connectivity and Web
solutions provider based in Berkeley, California. Merging LanMinds into RMI.NET is expected to create value for
RMI.NET’s shareholders in three key ways: first, the LanMinds management
team will help maximize the performance of RMI.NET’s existing assets;
second, RMI.NET will gain entry into the Japanese market; and third,
LanMinds will accelerate the company toward its goal of EBITDA neutrality
in December 2000. Terms of the transaction were not disclosed.




 

 Sonicport.com (SPO) to acquire US
Dataworks

  
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Amount:         $11
million

  
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Terms:           
100% stock

  
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Premium:        n/a

  
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Industry:        Performance
software

  
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Scorecard:      C+

SANTA MONICA, Sept. 26–Sonicport.com
announced that it has signed a definitive agreement to acquire US
Dataworks, a privately held Houston, Texas-based developer of
transaction processing software serving financial institutions and large
remittance processors. Sonicport.com, an application service
provider specializing in integrating transaction-processing software with
broadband hosting, technical support and customer service, will acquire US Dataworks in a stock transaction
valued at approximately $11 million.




 

 AudioMonster Online (AMMQ) to merge with
Lockwave

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:        Internet
services

  
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Scorecard:      C

COMMACK, N.Y., Sept. 26–AudioMonster Online announced that it has signed an agreement to merge with
Lockwave, a Delaware corporation with head offices in New York. Lockwave has developed technologies and
a unique business model that incorporates virtual storage and a dynamic MP3
player into a robust, end-to-end interactive Web-based traveling
application that requires no downloads or plug-ins. Terms of the
acquisition were not disclosed.




 

 NetNation Communications (NNCI) to acquire
American Digital Network

nbsp;

  
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Amount:         $5
million

  
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Terms:           
2.25 million shares

  
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Premium:        n/a

  
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Industry:        Internet
services

  
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Scorecard:      B

VANCOUVER, B.C., Sept. 26–NetNation Communications , a global Web site hosting company, domain name registrar
(DNR) and application service provider (ASP), announced that it has entered
into a non-binding letter of intent to acquire privately held American
Digital Network, an e-commerce and Web site hosting company, for 2.25
million common shares of NetNation.
The American Digital Network acquisition
is expected to give NetNation an established network operations center,
saving both time and expense of building its own data center in
California.